Both Prime Minister Narendra Modi and Finance Minister Arun Jaitley were eager to get the GST Bill passed as according to an estimate, Indian economy will gain $15 billion a year if the GST is implemented. Goods and Services Tax, which got passed in the Rajya Sabha on Wednesday, is expected to unify the nation and make it an attractive destination for foreign investments. The tax, however, still faces many challenges and one that stands out is with the issue of administrative control over ... Rediff.com, 2 months ago
The Goods and Service Tax(GST) is a Value Added Tax (VAT) have been passed in the Rajya Sabha on Aug 3,2016. With 203 vote in favour of the bill after a long struggle. This has become a huge success for the NDA government which was reflected in the ...CAclubindia, 1 month ago Indian Parliament backs Goods and Service Tax Bill 2015 Accommodation Times, 2 months ago Bihar becomes 2nd state to pass GST Deccan Herald, 2 months ago
Calcutta, Aug. 22: The Centre has nudged the Mamata Banerjee-government to cut cess on coal, but the state remained non-committal to chopping off one of the big sources of revenue for debt-laden Bengal. Union coal and power minister Piyush Goyal ...Calcutta Telegraph, 2 months ago
The Rajya Sabha on Wednesday approved the biggest tax reform since Independence. It has been a journey of several twists and turns from 1993 to 2016. 1993: Tax expert Raja J Chelliah suggests a study of central excise duties Amaresh Bagchi, director, National Institute of Public Finance & Policy, tasked with this study, including a possible GST He ultimately does not suggest GST, but only uniform state taxes 1999: A resolution adopted in the conference of chief ministers, under the ...Rediff.com, 2 months ago
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