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INTERSTATE TRANSFER GST
India’s transformational GST has some hits, few missesIt's now slightly more than one and half years that GST has been implemented, and hence a good time to take stock of its 'hits and misses'.- High Court asks Gujarat government to file response to plea against GST clauseNoting that the government had not filed a reply until now, the court said it would otherwise summon the secretaries concerned to the court...
- Get gold at a discount nowJewellers busy liquidating inventories before GST rollout ; no fresh offtake of gold in market
- Calculate GST based on sale, not supply: tea plantersWorking capital requirement and interest cost may rise for tea sector once GST is implemented
- Finance Ministry seeks public comments on GST rulesThe government has sought comments from industry on the 4 set of new rules on -- GST Composition, GST Valuation, GST Transition and GST ITC.
- Constitution says centre should levy iGST: Law MinistryThe Centre, which is keen to break the impasse over the division of tax administration, had sought the law ministry’s opinion on the states...
- Industry wants exemption of tea from GST ambitTea has been defined as an agricultural produce within the definition of the Service Tax Rules.
- GST can lower cost of logistics industry by 20 per cent: Care RatingsThe much-delayed GST rollout can help boost the GDP by 100-200 bps as this will help faster and cheaper movement of goods across the countr...
- GST to create a unified market, prevent tax-on-tax: FM JaitleyThe roll-out of GST will convert India into one common market, prevent tax-on-tax and make goods and services cheaper, Finance Minister Aru...
- Reasonably confident of GST Bill passage in monsoon session: FM Arun JaitleyArun Jaitley said regional parties, including UPA allies like DMK and NCP, are all making strong noises in support of the GST Bill.
- State FMs to meet tomorrow to discuss GST rateSources said the empowered committee, which comprises state finance ministers, is scheduled to discuss the revenue neutral rate, in additio...
- 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 ...
- Budget 2015: GST is beyond a myopic tax reform"The inevitable recommendation for the introduction of a unified Goods and Services Tax (GST) in India dates back to 2004," said Sachin Men...
- Tamil Nadu urges Centre to strive for 'broad consensus' on GSTJayalalithaa had submitted a letter in June this year, highlighting some of the 'crucial' financial issues pertaining to Tamil Nadu.
- 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).
- Centre likely to accept demand for 2-tier GSTCentre is likely to back the two-tier duty structure suggested by states for the proposed goods & services tax.
- The Gordian knot of GSTCentre has applied the principle of keeping same base for CGST for goods, but it has not applied the same for services in SGST.
- No inter-state fund transfer under GSTThe goods and services tax (GST) for India proposed by a joint working group of the Centre and states, but yet to be endorsed by the politi...
- Send-off: As CST slowly makes way for GSTBudget 2007 will kickstart a key tax reform by reducing the central sales tax (CST) on inter-state commerce to 3% from 4% and might also la...
- Zero-rating of CST fine, but thorny issues remainThe resolution of the Centre and the states to start the process towards zero-rating of the central sales tax (CST) by reducing it to 3% fr...
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