GST

Will support GST if states are fully compensated: Mamata

 The West Bengal government would support the Goods and Service Tax (GST) Bill only if the states were fully compensated for the revenue loss, Chief Minister Mamata Banerjee said on Friday.

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Arun Jaitley lauds West Bengal govt for its approach on GST

Union Finance Minister Arun Jaitley on Saturday lauded the West Bengal government for accepting the Goods and Services Tax (GST) in principle and said the state`s approach on the issue was very good.

J&K FM Abdul Rahim Rather is new chief of GST panel

Jammu & Kashmir Finance Minister Abdul Rahim Rather has been elected as the new Chairman of the Empowered Committee of State Finance Ministers on GST.

MP CM accuses Centre of encroaching on states` domain

Raising pitch against NCTC and GST, Madhya Pradesh Chief Minister Shivraj Singh Chouhan slammed Centre`s "conscious and constant" tendency to encroach upon matters falling state governments` domain.

Modi to discuss GST with Chidambram on Thursday

Sushil Kumar Modi will meet Union Finance minister P Chidambaram in Delhi on Thursday to discuss issues related to implementation of Goods and Services Tax.

GST: Chidambaram to meet Sushil Modi on October 22

P Chidambaram exuded confidence that the centre will be able to sort out the issues concerning implementation of the Goods and Services Tax shortly.

Why BJP-ruled states are opposing GST, asks Chavan

The BJP-ruled states are needlessly
opposing the proposed Goods and Services Tax (GST) and the party owes an explanation to the nation for this, said
Maharashtra Chief Minister Prithviraj Chavan.

Centre`s GST roll out plan hits BJP roadblock

The centre`s proposal to
introduce Constitution Amendment Bill in the current Parliament session to pave the way for rolling out the GST hit a road block, with the BJP-ruled states demanding more time to respond to the draft.

GST is anti-democratic, anti-poor: MP finance minister

Terming the proposed GST as "anti-democratic, anti-poor and
anti-farmer," Madhya Pradesh finance minister Raghavji today
said the new indirect tax regime is aimed at divesting the
states of their financial freedom.

Pranab to meet state FMs on January 13; govt to miss GST deadline

Finance Minister Pranab Mukherjee may meet state finance ministers next week to discuss their requirements and implementation of proposed GST.

Budget on Feb 26, GST roll out later: Mukherjee

The government will present its annual Budget on February 26 and was aiming at enacting legislation in the second half of this year for introducing a new Goods and Services Tax (GST), the Finance Minister said on Saturday.

New date for GST roll out deferred till month end

The announcement of new date for the roll out of GST was deferred until month-end today as the Finance Minister Pranab Mukherjee is preoccupied with preparations for the next Budget.

Orissa demands not ready for GST

The Orissa government on Wednesday said it was not prepared to implement Goods and Services Tax from April 1 this year and has sought permission from the Centre to re-introduce Purchase Tax on foodgrain.

Finance minister meets industry representatives

Finance Minister Pranab Mukherjee Tuesday kicked-off his consultations with the captains of the Indian industry as part of the annual exercise before presenting the country`s budget 2010 -11.

Announcement of GST rollout date likely on Jan 8

The date for rolling out the Goods
and Services Tax could be announced on January 8, the Chairman
of the Empowered Committee on State Finance Ministers, Asim
Dasgupta, said on Friday.

GST introduction may be delayed by up to a year

The government may not have come out clearly on introduction of the proposed indirect tax structure GST but the lack of preparedness for the new tax regime hints at a possible delay by up to a year.

GST may miss April 1 deadline: Pranab

Finance Minister Pranab Mukherjee
today said the government may miss the April 1, 2010 deadline set for the roll-out of the new tax regime GST.

Tax burden to be reduced by 25-30% for tax payers: Fin Min

The finance ministry on Wednesday said the tax burden on people will come down by 25-30 per cent with the introduction of the proposed Goods & Service Tax, which seeks to subsume various levies like excise and VAT.

PMEAC for 1 GST slab each for goods, services

The Prime Minister`s Economic Advisory Committee (PMEAC) has favoured a single slab each for goods and services under the proposed goods and services tax (GST).