Finance Minister P Chidambaram on Saturday said the government wants to introduce the Direct Tax Code (DTC) bill in the Budget session of Parliament. He also said that Goods and Service Tax (GST) would become a reality within 2013, if all state governments come on board. ...
10:59 PM, Mar 09, 2013
Deputy chairman of the Planning Commission Montek Singh Ahluwalia said he is hopeful that the much delayed Goods and Services Tax (GST) will be implemented across the country no later than next year while speaking to Karan Thapar on Devil's Advocate. ...
10:27 AM, Mar 02, 2013
The government on Thursday said it will release Rs 9,000 crore as the first instalment of compensation for losses incurred by states due to reduction in the Central Sales Tax rate, a precondition for the rollout of GST - the indirect taxes regime. It also expressed the hope that a consensus with states on the Goods and Services Tax, which has been in the works for long, will be reached...
03:32 PM, Feb 28, 2013
In the countdown to the Union Budget 2013, CNN-IBN met people across the country to get their views on what they want from the Finance Minister. ...
09:33 AM, Feb 25, 2013
New Delhi: Finance Minister P Chidambaram on Thursday said that the Centre will soon bring in a major change in the taxation system in the country. Speaking to reporters, Chidambaram said, "We are moving towards bringing a major change in the taxation system in the country. We are working on the GST." GST is the Goods and Services Tax that, if implemented, will replace all other indirect taxes levied on...
06:00 PM, Nov 08, 2012
New Delhi: Amid reports that the government is mulling over allowing FDI in retail, BJP on Thursday announced it will organise a protest demonstration by traders from across the country in the national capital on August 23 to oppose any such move. National Convenor of Traders Cell, BJP, Shyam Bihari Mishra, told reporters that the day-long protest will be held at Jantar Mantar and around 10,000 traders from different parts...
09:44 AM, Aug 23, 2012
New Delhi: Budget 2012 presented by Finance Minister Pranab Mukherjee on Friday, March 16, makes eating out and phone bills and other comforts of life costlier, pinching the common man. Increase in service tax will increase one's mobile bills by 2 per cent every month. Two and four wheelers will get more expensive and so will refrigerators, air conditioners (ACs), washing machines, watches, cosmetics and tobacco products. The FMCG industry...
08:58 AM, Mar 17, 2012
The proposal which was made during the Budget invoked opposition from the medical fraternity. ...
06:38 PM, Mar 22, 2011
New Delhi: The Government on Tuesday rolled back the five per cent tax healthcare, which many called the misery tax as it made treatment more expensive. Finance Minister Pranab Mukherjee made the announcement in his reply to the debate in the Lok Sabha on Tuesday. The proposal which was put forth during the Budget invoked Opposition from the medical fraternity. Reacting on the move, Cardiac Surgeon Dr Devi P Shetty...
12:53 PM, Mar 22, 2011
New Delhi: The government on Tuesday introduced a Constitution Amendment Bill in the Lok Sabha to facilitate implementation of the Goods and Service Tax (GST), an indirect tax regime that would subsume levies like excise, service tax and sales tax. The Bill, introduced by Finance Minister Pranab Mukherjee seeks to amend the constitution with a view to confer simultaneous powers on centre and states to levy taxes on goods and...
12:31 PM, Mar 22, 2011
