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Govt to sort out compensation issues for early GST roll-out: FM

Last Updated: Thursday, July 03, 2014, 21:06

Finance Minister Arun Jaitley Thursday said the Centre would sort out compensation issues with states to ensure early roll-out of Goods and Service Tax, a new indirect tax regime that will subsume various levies.

States want GST, only some concerns to be addressed: Rather

Last Updated: Thursday, July 03, 2014, 18:02

Raising hopes of early implementation of GST, Empowered Committee Chairman and Jammu and Kashmir Finance Minister Abdul Rahim Rather Thursday said that all states are on board and only some concerns need to be addressed by the Centre.

GST implementation will help narrow fiscal deficit: CRISIL

Last Updated: Monday, June 23, 2014, 17:32

Fiscal deficit, the gap between government's expenditure and revenue, stood at 4.5 percent in FY14, lower than 4.9 percent in FY13.

Jaitley advocates hike in income tax exemption limit

Last Updated: Saturday, April 05, 2014, 00:12

Jaitley sought immediate implementation of the Goods and Service Tax.

Petroleum and alcohol should be kept out of GST

Last Updated: Monday, November 18, 2013, 15:55

The Empowered Committee of state finance ministers on Monday unanimously decided to keep petroleum and alcohol out of the proposed Goods and Service Tax stating that these were the main sources of income for states.

Assocham suggests a slew of measures to boost economy

Last Updated: Thursday, September 05, 2013, 21:24

Industry body Assocham Thursday suggested that the government raise investment in agriculture, cut back on subsidies, aggressively disinvest and roll out tax reforms like DTC and GST to revive economic growth.

Empowered Committee on GST to elect new Chairman on Jul 22

Last Updated: Wednesday, July 17, 2013, 15:34

The Empowered Committee of State Finance Ministers on Goods and Service Tax (GST) will elect its new Chairman at their meeting to be held on July 22.

CII calls for rapid action on GST

Last Updated: Sunday, June 30, 2013, 19:02

The Confederation of Indian Industry (CII) made a strong push Sunday for speedy action to implement the proposed Goods and Service Tax (GST), an indirect tax measure expected to accelerate growth.

FM regrets not being able to get legislations passed

Last Updated: Wednesday, May 29, 2013, 20:59

"There are very significant differences but on essentials of building an open and liberal economy, I believe there is no great difference between two major political parties in India," Chidambaram said.

States for common exemption list under GST

Last Updated: Friday, May 10, 2013, 09:30

States also asked the Centre to prune its exemption list in a phased manner to match it with that of States.

Centre agrees to delete DSA, 3 sub-committees set up

Last Updated: Tuesday, January 29, 2013, 22:50

A day after resolving the contentious CST issue, state finance ministers Tuesday formed three sub-committees to look into other matters like IT infrastructure for smooth roll-out of the Goods and Service Tax regime.

Need to build strong ecosystem for more transparency: FMC

Last Updated: Sunday, December 02, 2012, 13:42

To achieve more transparency in the futures market there is a need to build a strong ecosystem, like proper warehousing and uniform Goods and Service Tax, Forward Markets Commission Chairman Ramesh Abhishek has said.