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After Assam, Bihar assembly passes GST bill

Bihar on Tuesday became the first non-National Democratic Alliance state to ratify the Constitution Amendment Bill on the goods and services tax after Chief Minister Nitish Kumar counted virtues of......

Assam becomes 1st state to ratify GST bill

The Assam assembly unanimously passed the Constitution Amendment Bill on Goods and Services Tax on Friday, becoming the first state to ratify the crucial tax reform legislation. "I declare the......

'Education drive needed before GST is introduced in India'

India's empowered committee of state finance ministers, comprising chief ministers and other senior public officials from state as well as the federal governments, visited Canada from September 13......

Consensus reached, GST to be rolled out from July 1

The consensus was reached after the Centre agreed to the demand of states to go in for horizontal split. In a major breakthrough, the Centre and states on Monday reached a consensus on sharing......

Centre to compensate states every quarter for GST revenue loss

States will receive provisional compensation from Centre for loss of revenue from implementation of goods and services tax every quarter but the final annual number would be decided after an audit......

Draft GST bills from Centre to states have no rates

The Centre is likely to introduce the Central GST and integrated GST bills in late November or early December in the ongoing session in the form of money Bills. The Centre has circulated the draft......

Decision on GST rate not before next month

The GST Council, that includes representatives of all states, will meet again on November 3-4 to decide on the tax rates A decision on GST rate was, on Wednesday, put off to next month even as the......

Panel finally agrees, there will be four slabs of GST rates

GST Council has also reached consensus on the definition of revenue to compensate states for revenue loss A four-slab GST tax structure of 6, 12, 18 and 26 per cent with lower rates for essential......
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Tax evasion up to Rs 2 cr a bailable offence

Centre and states have decided to water down the penal provisions to ensure a trader gets immediate bail ...

http://www.business-standard.com/article/pti-stories/gst-tax-evasion-up-to-rs-2-cr-a-bailable-offence-117011900682_1.html
Govt

Jawaharlal Nehru Port Trust (JNPT) is investing Rs 3,000 crore for improving road connectivity and also looking to finalise Rs 2,000 crore-dredging... ...

http://www.business-standard.com/article/pti-stories/jnpt-investing-rs-3k-cr-on-road-connectivity-project-govt-117011900561_1.html
'GST will benefit Kerala with at least 20% tax revenue increase'

"GST, which is a destination based tax, will increase the tax revenue of a consumer state like Kerala and also will make business more transparent.... ...

http://www.moneycontrol.com/news/economy/gst-will-benefit-keralaat-least-20-tax-revenue-increase_8298801.html
In a state of tax

“ I do verily believe that a single consolidated government would become the most corrupt government on the earth .” — Thomas Jefferson The... ...

http://www.mydigitalfc.com/op-ed/state-tax-477
Icra

At present, states get 42% of services tax collected and imposed by the Centre ...

http://www.business-standard.com/article/economy-policy/service-tax-kitty-of-maharashtra-tn-karnataka-wb-to-swell-in-gst-icra-117011801315_1.html

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