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State FMs agree on Rs 10 lakh threshold for levying GST

State FMs agree on Rs 10 lakh threshold for levying GST

Last Updated: Wednesday, August 20, 2014, 17:57

State Finance Ministers on Wednesday pressed for lowering the threshold limit to Rs 10 lakh for imposing Goods and Service tax (GST) on entities and asked the Centre to specify GST compensation structure for five years in the Constitutional Amendment Bill.

State Finance Ministers' panel on GST to meet today

State Finance Ministers' panel on GST to meet today

Last Updated: Wednesday, August 20, 2014, 12:39

State Finance Ministers will meet on Wednesday to iron out differences for early roll-out of the ambitious Goods and Services Tax (GST) regime.

State Finance Ministers' panel on GST to meet tomorrow

State Finance Ministers' panel on GST to meet tomorrow

Last Updated: Tuesday, August 19, 2014, 18:58

State Finance Ministers will meet tomorrow to iron out differences for early roll-out of the ambitious Goods and Services Tax (GST) regime.

Jayalalithaa presses for more changes in GST Bill

Last Updated: Monday, August 18, 2014, 12:39

Tamil Nadu Chief Minister J Jayalalithaa on Monday sought more changes in the revised Goods and Services Tax Bill while maintaining her opposition to the powers being given to the GST Council, saying they override supremacy of state and central legislatures.

FinMin will now focus on GST: Jaitley

Last Updated: Thursday, August 14, 2014, 22:08

The GST will subsume indirect taxes like excise duty and service tax at the central level and VAT on the states front, besides local levies.

States will be brought on board before adopting GST: Jaitley

Last Updated: Wednesday, August 13, 2014, 23:59

The Centre has said interests of the states will be fully taken care of while finalising the structure for Goods and Services Tax (GST).

GST to be a reality soon: FinMin

Last Updated: Tuesday, August 12, 2014, 22:07

Minister of State for Finance Nirmala Sitharaman also emphasised that the NDA government has zero tolerance towards corruption and would focus on "accountability in the tax administration".

Govt to resolve issues hampering GST roll out within this year

Last Updated: Friday, July 18, 2014, 13:42

Government is aiming to resolve the issues hampering GST roll out within this year, Finance Minister Arun Jaitley informed the Lok Sabha today.

NDA govt might unveil reform agenda post budget?

Last Updated: Thursday, July 17, 2014, 09:28

Even though the big event of Budget has passed, it is not unlikely that bold reform measures could be taken now.

Centre confident of consensus with states on GST: Revenue Secy

Last Updated: Tuesday, July 15, 2014, 22:11

The Finance Ministry Tuesday expressed the confidence that Centre and States will reach a broad consensus on the proposed Goods and Services Tax (GST) in the current fiscal.

Govt hopes to finalise GST contours this year: Jaitley

Last Updated: Thursday, July 10, 2014, 12:30

The UPA government in 2011 introduced a Constitution Amendment Bill in the Lok Sabha to pave the way for introduction of GST.

Economic Survey 2013-14: Bad taxes like cess, surcharge need to go

Last Updated: Wednesday, July 09, 2014, 19:14

Referring to the Goods and Services Tax, the survey said there is consensus that the GST will be a major milestone for indirect tax reform in India.