GST rollout, infra funding an uphill climb for India: Moody's

GST rollout, infra funding an uphill climb for India: Moody's

Implementation of the Goods and Services Tax (GST) and bridging large infrastructure deficit are a difficult task before the Indian government, Moody's Investors Service said on Wednesday.

GST implementation: Check out the several risks involved!

GST implementation: Check out the several risks involved!

Even as the government and the Opposition are locked in hot debate in the Parliament over the passing of the Goods and Servive Tax (GST) Bill, the Finance Ministry Committee has listed several risk factors involved in the implementation of the bill.

India Inc welcomes GST panel recommendations

Noting GST is expected to add about 2 percent to the GDP.

Ficci welcomes panel report, says GST to add 2% to GDP

Welcoming the recommendations put forth by the Arvind Subramanian panel on GST, Ficci on Friday said rollout of the tax reform will add 2 percent to India's growth and usher in efficiency and transparency in the indirect tax regime.

GST logjam: CEA Arvind Subramanian Panel suggests dropping 1% additional tax

GST logjam: CEA Arvind Subramanian Panel suggests dropping 1% additional tax

In recommendations aimed at breaking the GST logjam, a panel headed by Chief Economic Advisor Arvind Subramanian on Friday suggested dropping additional one percent tax on inter-state sales over and above the Goods and Services Tax (GST) rate.

Government panel suggests standard GST rate of 17-18%

Government panel suggests standard GST rate of 17-18%

A government panel has suggested a standard rate of 17-18 percent under the proposed goods and services tax (GST), the country`s Chief Economic Adviser Arvind Subramanian told reporters on Friday.

 

Govt optimistic as Congress supports GST in principle

Govt optimistic as Congress supports GST in principle

The government on Saturday expressed confidence over the ending of the impasse over the Goods and Service Tax (GST) Bill and said that the meeting between Prime Minister Narendra Modi and the Congress top brass had been a positive one, indicating that the bill could be thrashed out in the next round of discussions in the Parliament.

 

GST deadlock: No breakthrough in PM Modi-Congress meet, more talks soon

GST deadlock: No breakthrough in PM Modi-Congress meet, more talks soon

Prime Minister Narendra Modi on Friday met his predecessor Manmohan Singh and Congress president Sonia Gandhi to discuss the contentious Goods and Services Tax (GST) bill and though no breakthrough was achieved, they agreed to meet again to break the deadlock.

GST Bill: 10 Key facts you need to know

GST Bill: 10 Key facts you need to know

The GST subsumes various central indirect taxes including the central excise duty, countervailing duty, service tax, etc.

Centre seeks consensus on 1% extra GST levy

Centre seeks consensus on 1% extra GST levy

The central government is seeking a consensus on the vexed issue of levy of one percent additional tax for the proposed goods and services tax (GST), Minister of State for Finance Jayant Sinha said on Friday.

GST not to impact states' revenues: FM Jaitley

Revenues of states will not be hit in the long run after implementation of the Goods and Services Tax (GST), Finance Minister Arun Jaitley said on Tuesday.

'GST implementation from April 2016 feasible'

As negotiations with states on GST enter a critical stage, the Centre is looking forward to implementation of the new indirect tax regime from April 1, 2016.

Many issues still to be ironed out for GST implementation: Modi

The panel of the state Finance Ministers on GST on Friday said many issues, including a mechanism for CST compensation for the current fiscal, will have to be ironed out before rolling out the new indirect tax regime.