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More tax relief? Centre may push for a leaner GST machineThe Centre plans to simplify the GST structure by revamping slabs for better implementation and compliance. The focus will be on rationalis...- Is CEA Arvind Subramanian stupid: Chidambaram on PM Modi's "Grand Stupid Thought" barbPM Modi had lashed out at the Congress for proposing to cut all taxes to 18 per cent saying this would tax cigarettes and alcohol at the sa...
- 'Panic-stricken' Modi govt has no option but to change GST rates: P ChidambaramChidambaram said the letter from the finance ministers of Congress-ruled states to Jaitley will set the tone for discussions in the GST Cou...
- Chorus grows for lower GST rate, some policymakers want it at 16%A number of countries including Australia, New Zealand and Canada experienced an increase in prices after GST was implemented, a fact that ...
- GST: Deutsche Bank doubts 2017 deadline, predicts April 2018"Getting all the states ready to implement a nation-wide GST may therefore take more time than what is currently anticipated," Deutsche Ban...
- India Inc wants GST rate below 20% to keep inflation in checkThe RNR is the rate at which there will be no revenue loss to the Centre and states in the Goods and Services Tax (GST) regime.
- Fixing tax rate can't be left to ministers alone: P Chidambaram"The GST council comprises ministers. Not all ministers are economists. Not all economists are legislators, not all legislators are lawyers...
- GST rate of 18-20% to cause mild inflation: Economists“The more you move away from the standard rate of 20%, the inflationary pressures will rise,” said Abheek Barua, chief economist at HDFC Ba...
- GST impact: Prices likely to reduce after initial spikeThere's been concern among some policymakers and the political class that inflation could zoom once GST is introduced.
- ET in the classroom: GST,the next stepsGST will decide the revenue neutral rate (RNR), the rate at which there will be no loss in aggregate central and state tax revenue.
- Final countdown for GST begins: Government circulates changes among MPsThe amendments, to be circulated to all members of Parliament latest by Tuesday morning, seek to take on board main opposition party Congre...
- GST rollout may lower prices of capital goods: Arvind Subramanian panel reportIndia’s GDP could receive a boost from just capital goods becoming cheaper once the goods and services tax is rolled out, the panel report ...
- CEA Arvind Subramanian led panel lists several risks in GST implementationThe Committee, has suggested a low revenue neutral rate (RNR) of 15 per cent which could translate into bulk of the goods being taxed at 17...
- GST rate at 20% good for industry, consumers: ExpertsThe Rajya Sabha Select Committee has suggested that the Goods and Services Tax (GST) rate should not go beyond 20 per cent.
- Centre's promise to compensate revenue loss to states vitalInaugurating the two-day meeting of the GST Empowered Committee here, Mani said, "RNR will be so fixed that the GST will not bring down the...
- GST not to impact states' revenues: FM Arun JaitleyRevenues of states will not be hit in the long run after implementation of the Goods and Services Tax (GST), Finance Minister Arun Jaitley ...
- Government hopeful of getting GST Bill passed in Lok Sabha next weekThe GST Constitution Amendment Bill was introduced in LS in December and is likely to be taken up for consideration and passage by the Hous...
- Centre, states working on new GST rate: Revenue Secy Shaktikanta DasAs the government gears up to roll out GST by April 2016, the Centre and the states are working on a new revenue neutral rate, which is cur...
- States will be brought on board before adopting GST: Arun JaitleyThe Centre has said interests of the states will be fully taken care of while finalising the structure for Goods and Services Tax (GST).
- Duty on life-saving drugs, fuel for power may fall to 4%Life-saving drugs are set to attract a 4% rate under value added tax (VAT) instead of the proposed revenue neutral rate (RNR) of 12.5%. Sta...
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