Recycled PSF producers seek continuation of tax advantage vis-Ã -vis virgin PSF in GST regime
Jun 01, 2017, at 02:34 am
New Delhi, May 31 (IBNS) The All India Recycled Fibre & Yarn Manufacturers Association, which represents 35 recycled polyester staple fibre (PSF) producers in India, has requested the Union Finance Ministry to maintain the current excise duty cost advantage of recycled PSF vis-Ã -vis virgin PSF, while finalising the GST rates.
Bharat Bill Payment Operating Unit inaugurated at GST Suvidha Provider workshop
May 29, 2017, at 10:00 pm
New Delhi, May 29 (IBNS): Common Services Centers are proposed to act as a GST Suvidha Provider, Union Minister for Electronics & IT and Law Justice, Ravi Shankar Prasad said while inaugurating workshop in New Delhi on Monday.
GST to be biggest achievement of Modi Govt; fin inclusion, digital other big milestones: ASSOCHAM
May 21, 2017, at 12:34 am
New Delhi, May 20 (IBNS): As the Narendra Modi is about to complete three years in office, its biggest achievement on economic front would be the Goods and Services Tax which is near a roll-out, while financial inclusion, digitisation and public investment on infrastructure like railways and power distribution are perceived as other credible steps for structural changes in the economy, the ASSOCHAM has said.
Arun Jaitley chairs GST Council meeting, GST rates for goods and GST Compensation Cess approved
May 19, 2017, at 09:26 pm
New Delhi, May 19 (IBNS): The 14th Goods and Services Tax (GST) Council Meeting, chaired by Union Minister of Finance Arun Jaitley was held at Srinagar, Jammu and Kashmir on Thursday where GST rates for goods and GST Compensation Cess were approved.
E-commerce term may be misinterpreted in GST; fear commodity exchanges may be brought in: ASSOCHAM
Apr 16, 2017, at 10:40 pm
New Delhi, Apr 16 (IBNS): The scope of the e-commerce definition as given in the Goods and Services dispensation has been left so wide that it could go well beyond Amazon or Flipkart marketplace platforms and may even cover the commodity exchanges, the ASSOCHAM has said, seeking a clarity from the government so as to remove uncertainty among businesses, as the GST is set for a roll out.
President Mukherjee gives his approval to GST Bill
Apr 13, 2017, at 09:27 pm
New Delhi, Apr 13 (IBNS): President Pranab Mukherjee, on Thursday, gave his assent to four supporting legislation related to Goods and Services Tax (GST), according to media reports.
Without multiple tax rates, GST will be regressive: Arun Jaitley
Mar 30, 2017, at 02:23 am
New Delhi, Mar 29 (IBNS): Countering the questions raised by opposition in Lok Sabha, Union Finance Minister Arun Jaitley said that the Goods and Services Tax bill will be regressive without multiple tax rates, on Wednesday.
Indian benchmark indices decline on Monday, Jaitley places GST Bill in Parliament
Mar 27, 2017, at 09:37 pm
Mumbai, Mar 27 (IBNS): The Indian market ended Monday on low key with BSE Sensex down 184.25 points at 29237.15 and NSE Nifty down 62.80 points at 9045.20.
Finance Minister Arun Jaitley tables GST Bill 2017 in the Parliament
Mar 27, 2017, at 07:10 pm
New Delhi, Mar 27 (IBNS): Union Finance Minister Arun Jaitley, on Monday, introduced the Goods and Services Tax (GST) Bill 2017 to the Parliament, according to media reports.
Indian market remains subdued on Friday
Mar 17, 2017, at 10:16 pm
Mumbai, Mar 17 (IBNS): The Indian market remained subdued on Friday as investors booked profits following the rally in share prices this week, according to media reports.
GST Council approves CGST Bill and IGST Bill
Mar 05, 2017, at 12:43 am
New Delhi, May 4 (IBNS): The Goods and Services Tax GST) Council, in its meeting held today in Vigyan Bhawan in New Delhi under the Chairmanship of the Union Minister for Finance & Corporate Affairs, Arun Jaitley has approved the draft CGST Bill and the draft IGST Bill as vetted by the Union Law Ministry.
GST rollout likely by July 1, says Jaitley
Mar 04, 2017, at 11:15 pm
New Delhi, Mar 4 (IBNS): In a major announcement, Union Finance Minister Arun Jaitley on Saturday said Goods and Service Tax Council has cleared the Central GST (C-GST) and Integrated GST (I-GST) laws.
GST to be implemented from July 1
Feb 28, 2017, at 08:04 pm
New Delhi, Feb 28 (IBNS): The Goods and Services Tax will come to effect from July 1, officials said.
Snapdeal launches GST Guru initiative to train sellers on GST roll out
Feb 28, 2017, at 06:17 pm
New Delhi, Feb 28 (IBNS): Snapdeal, India’s largest online marketplace, on Tuesday announced the launch of GST Guru, a program which will include a range of initiatives to help prepare the sellers on its platform for the impending GST reforms, expected to roll out this July.
GST Council likely to finalise draft model GST law on Saturday
Feb 18, 2017, at 08:34 pm
Udaipur, Feb 18 (IBNS): The Goods and Services Tax (GST) Council is meeting in Udaipur on Saturday where the model GST law draft is expected to be finalised according to media reports.
All efforts on for smooth handling of data for transition to GST: Member, CBEC
Feb 04, 2017, at 02:45 pm
New Delhi, Feb 4 (IBNS): With the goods and services tax (GST) on the anvil, all state governments are working very closely with central government and all efforts are on to put the elaborate information technology (IT) infrastructure in place for smooth handling of massive amount of data, a top CBEC (Central Board of Excise and Customs) official said at an ASSOCHAM event held in New Delhi on Friday.
Feb 01, 2017, at 10:49 pm
GST Council has finalised its recommendations on almost all the issues based on consensus, says FM in his Budget Speech
Budget 2017: Demonetisation will lead to bigger, cleaner and real GDP, says Finance Minister Jaitley
Feb 01, 2017, at 07:59 pm
New Delhi, Feb 1 (IBNS): Union Minister of Finance and Corporate Affairs Arun Jaitley, during his Budget 2017 speech, said that the Goods and Services Tax (GST) will spur growth, competitiveness, and greater transparency in economy.
GST on healthcare will make medicare unaffordable: ASSOCHAM-TechSci study
Jan 25, 2017, at 10:08 pm
Mumbai, Jan 25 (IBNS): The healthcare sector catering to the unmet health needs of the society should be kept out of the purview of the Goods and Services Tax (GST) or else medical care would become expensive and unaffordable for the common persons, said an ASSOCHAM-TechSci Research paper.
Indian market slips on Tuesday despite early gains
Jan 17, 2017, at 10:58 pm
Mumbai, Jan 17 (IBNS): The Indian market failed to cling to its initial gains on Tuesday and ended lower, with BSE Sensex down 52.51 points at 27235.66 and NSE Nifty down 14.80 points at 8398.
Currency Ban: Arun Jaitley says that difficult decisions initially pass through difficult phases
Jan 12, 2017, at 01:00 am
Gandhinagar, Jan 11 (IBNS): Union Finance Minister Arun Jaitley on Wednesday reiterated the advantage of taking bold and courageous decisions to transform Indian economy.
Arun Jaitley: GST rate finalised, with lowest at five per cent
Nov 03, 2016, at 11:12 pm
New Delhi, Nov 3 (IBNS): The Goods and Serivces Tax Council (GST Council), led by Union Finance Minister Arun Jaitley, fixed the GST rate structure on Thursday, according to media reports.
Government is working on a target date of Apr 1 for the roll out of GST: Arun Jaitley
Sep 30, 2016, at 10:49 pm
New Delhi, Sept 30 (IBNS): Union Finance Minister Arun Jaitley said that the Government is working on a target date of Apr 1, 2017 for the roll out of the Goods and Services Tax (GST) in the country.
Cabinet approves creation of GST Council and its Secretariat
Sep 13, 2016, at 12:53 am
New Delhi, Sept 12 (IBNS): The Constitution (One Hundred and Twenty-second Amendment) Bill, 2016, for introduction of Goods and Services Tax (GST) in the country was accorded assent by the President on 8th September, 2016, and the same has been notified as the Constitution (One Hundred and First Amendment) Act, 2016.
Finance Minister Jaitley says race is on to meet GST implementation target
Sep 07, 2016, at 08:21 pm
New Delhi, Sep 7 (IBNS): Union Finance Minister Arun Jaitley said on Wednesday that the government is running against time for implementation of the Goods and Services Tax (GST) but is determined to meet the deadline, according to media reports.
Active industry-institute engagement can boost education sector: CII President
Sep 01, 2016, at 03:41 am
Kolkata, August 31 (IBNS): Dr. Naushad Forbes, President, Confederation of Indian Industry, spoke about the GST Bill, the need for reforms in the education sector, especially in Bengal, and the problems in the steel sector at the press conference in Kolkata recently.
ICSI welcomes passage of GST Amendment Bill
Aug 11, 2016, at 02:59 am
Kolkata, Aug 10 (IBNS): The Institute of Company Secretaries of India (ICSI) has welcomed the passing of Goods and Services Tax Bill.
GST will lower commodity prices : Arun Jaitley
Aug 04, 2016, at 06:50 pm
New Delhi, Aug 4 (IBNS) : A day after the Goods and Services Tax (GST) Bill was passed in the Rajya Sabha, Finance Minister Arun Jaitley said the new legislation will lower the price of commodities once implemented.
Aug 03, 2016, at 03:22 pm
New Delhi, Aug 3 (IBNS): In a significant move, the Centre is all set to table the 122nd Constitution Amendment Bill in the Rajya Sabha on Wednesday which will pave the way for the rolling out of the goods and services tax (GST) in the nation.
Indian states inching towards consensus on GST despite sticking points
Jun 14, 2016, at 11:18 pm
Kolkata, June 14 (IBNS) Finance ministers of most of the Indian states meeting in the eastern city are inching towards a consensus on the proposed Goods and Service Tax (GST) which seeks to put in place a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level.