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GST threshold fixed at Rs 20 lakh, rate to be decided in October

GST threshold fixed at Rs 20 lakh, rate to be decided in October

Moving on fast track to roll out the new indirect tax regime from April 1, GST Council Friday fixed annual turnover limit for exemption at Rs 20 lakh and resolved that all cesses will be subsumed in the GST.

Exemption threshold for GST fixed at Rs 20 lakh: FM Jaitley

Exemption threshold for GST fixed at Rs 20 lakh: FM Jaitley

Chairing the first meeting of the newly-constituted Goods and Services Tax (GST) Council for the second day on Friday, Finance Minister Arun Jaitley said that the exemption threshold for GST is fixed at Rs 20 lakh.

Hope to resolve all pending issues on GST: Arun Jaitley

Hope to resolve all pending issues on GST: Arun Jaitley

Finance Minister Arun Jaitley on Thursday expressed the hope that all pending issues will be resolved in due course for a uniform pan-India indirect tax regime taking effect from the targeted date of April 1 next year.

GST: Centre, states agree on timetable for April 1, 2017 roll out

GST: Centre, states agree on timetable for April 1, 2017 roll out

Moving towards rolling out GST from April 1, Centre and states on Thursday agreed on a timetable for deciding on the tax rate and completion of legislative work but differences remained on the turnover limit for exemption from the new tax.

Rail Budget merged with General Budget: Will it simplify and streamline decision-making within the government?

Rail Budget merged with General Budget: Will it simplify and streamline decision-making within the government?

Ending 92-year-old tradition of having a separate Railway Budget, the Cabinet has decided to merge it with the General Budget and agreed in-principle to advance the date of its presentation in Parliament from the usual February end.

GST Council to hold its first meeting today

GST Council to hold its first meeting today

The council will decide on long pending issues of threshold limit for applicability of the tax as well as the limit for dual control between Centre and states. Union Finance Minister Arun Jaitley will chair the meeting.

268-page GST FAQs out; e-tailers, taxi aggregators need to register

268-page GST FAQs out; e-tailers, taxi aggregators need to register

The 268-page frequently asked questions (FAQ) booklet, released by Finance Minister Arun Jaitley, answered over 500 questions on 24 topics, including registration, valuation and payment, scope and time of supply, refunds, seizure and arrest.

Exclusive talk with Sunil Kanoria, President, ASSOCHAM on 'One Nation, One Budget'

Exclusive talk with Sunil Kanoria, President, ASSOCHAM on 'One Nation, One Budget'. Watch this special segment and get to know more here.

Exclusive talk with Ashvin Parekh, MD, Ashvin Parekh Advisory on 'One Nation, One Budget'

Exclusive talk with Ashvin Parekh, MD, Ashvin Parekh Advisory on 'One Nation, One Budget'. Watch this special segment and get to know more here.

Exclusive talk with 'Yashwant Sinha' on the merits of merger of Rail budget with General budget

Exclusive talk with 'Yashwant Sinha' on the merits and demerits of merger of Rail budget with General budget. Watch this special segment and get to know more here.

Rail Budget merged with General Budget; to be presented one month early with no plan, non-plan distinction

Rail Budget merged with General Budget; to be presented one month early with no plan, non-plan distinction

In a major overhaul, the Cabinet on Wednesday approved advancing presentation of the annual Budget by a month, scrapped over nine-decade old tradition of having a separate Railway Budget and removed classifications for expenditure to make the exercise simpler.

Uri attack: PM Modi chairs cabinet meet; is India ready with its Pak response?

Uri attack: PM Modi chairs cabinet meet; is India ready with its Pak response?

Sushma Swaraj is scheduled to head for the United Nations where India will press for isolation of terror sponsor Pakistan.

Honouring honest taxpayers to help change people's attitude: Arun Jaitley

Honouring honest taxpayers to help change people's attitude: Arun Jaitley

Finance Minister Arun Jaitley Monday said paying taxes in due time is the responsibility of every citizen and honouring honest taxpayers would bring in much needed change in people's attitude regarding tax payment.

India will intensify efforts to isolate Pakistan internationally: Jaitley after Uri attack

India will intensify efforts to isolate Pakistan internationally: Jaitley after Uri attack

He said "since independence, Pakistan has not accepted J&K as an integral part of India and this is the reason that terror attacks happen in the country with its support."

 Centre mulling to 'advance' Winter session for early GST roll out

Centre mulling to 'advance' Winter session for early GST roll out

In a bid to roll out the crucial Goods and Services Tax (GST) from April 1 next year, the Modi government is considering to prepone the Winter session of Parliament to pass the CGST and IGST bills, and pave way for implementation of the new sales tax regime.

Would have been better finance minister than Arun Jaitley: Subramanian Swamy

Would have been better finance minister than Arun Jaitley: Subramanian Swamy

BJP leader Subramanian Swamy believes he will be a better Finance Minister than the incumbent Arun Jaitley.

Subramanian Swamy believes he will be a better FM than Jaitley

Subramanian Swamy believes he will be a better FM than Jaitley

"I am an economist. He is a lawyer. How can he be better than me?" Swamy, whose antagonism for Jaitley is open, said at an event here today.

Finance Minister Arun Jaitley said after PC that problems in NPA continues

Finance Minister Arun Jaitley said after PC that problems in NPA continues. Watch this special segment and get to know more here.

Mauritius seeks India's help, post tax treaty revision

Mauritius, the island nation that accounts for the second-largest FDI, has sought a line of credit and more investments from India as it gets ready for implementation of the revised tax treaty from April 2017.

Four PSBs probing Jan Dhan account deposits: Arun Jaitley

Four PSBs probing Jan Dhan account deposits: Arun Jaitley

Four state-run banks are probing whether the money in some financial inclusion scheme Jan Dhan accounts was deposited by the account holders themselves, or by business correspondents to keep the number of zero-balance accounts low, Finance Minister Arun Jaitley said on Friday.