Local Taxes

Banks not yet prepared for GST roll-out: IBA to Parliamentary panel

Banks not yet prepared for GST roll-out: IBA to Parliamentary panel

With less than a month left for the rollout of the GST, the Indian Banks' Association (IBA) has informed a Parliamentary panel that lenders are not yet geared up for implementation of the new indirect tax regime.

Jun 04, 2017, 16:16 PM IST

Roadblocks in GST: some states oppose giving up local taxes

The Centre`s efforts to introduce the proposed Goods and Services Tax from April 1 next year has hit roadbolocks as some states do not want local levies like purchase tax and octroi merged in the new indirect tax.

Sep 27, 2009, 12:06 PM IST