Jaitley was replying to a debate in the Lok Sabha on Supplementary Demands for Grants for an additional expenditure of over Rs 12,500 crore (Rs 125 billion).
By doing away with the 1 per cent inter-state tax over and above the GST rate, the government has met one of the three key demands over which Opposition Congress has been blocking the Bill in the Upper House
Navi Mumbai is emerging as the next big real estate location.
Sushil Kumar Modi, who ceased to be Bihar Finance Minister following the JD (U)-BJP split, on Monday resigned as Chairman of the Empowered Committee of State Finance Ministers looking into the implementation of the proposed new indirect tax regime - Goods and Services Tax (GST).
There is no law in Pakistan to prove its authenticity, a top prosecutor in the case
India moving in right direction on GST, says Panagariya.
Inching towards rolling out of GST, the GST Council on Saturday approved a law to compensate states for any loss of revenue from the implementation of the new national sales tax but deferred approval for enabling laws to next meeting.
The cess collected on cars as also tobacco and coal will be used to compensate the revenue loss of states by implementing GST.
'Are you so scared for your own skin that you will not help a lady or a weak man from attack?' asks an anguished A Ganesh Nadar.
In a sharp reaction, India on Monday conveyed to Pakistan its "strong concern" at the lack of effective action by it in the case of Mumbai attack mastermind Zakiur Rehman Lakhvi, saying there seems to be no end in sight to that country remaining a safe haven for well-known terror groups.
Rediff reader Shankar Vasan from Toronto, Canada tells us how he met his partner on a train journey.
Oil and gas players' wish list includes incentivising E&P investments and reintroduction of income tax holiday for exploration and production activities, among others.
States also demanded that Budget for 2015-16 should make adequate provisions for central sales tax compensation for early roll out of Goods and Services Tax, a Constitutional Amendment Bill for which was tabled in the Lok Sabha last week.
Online companies would look forward to an integrated and uniform approach for tax laws and regulatory policies
Commercial flights may also help Boeing's bottom line on a rare, fixed-price, government-backed development program.
Modi also rolled out the first of the 500 metro coaches manufactured by Bharat Earth Movers in flat 75 days at it Bengaluru facility.
The eight active NASA astronauts and one former astronaut-turned-corporate crew member will launch on Boeing CST-100 Starliner and SpaceX Dragoncapsules to the International Space Station beginning in 2019.
A government report revealed that fake companies floated with fake addresses, issued fake GST invoices and generated fake e-way bills, with fake vehicle registration details without supplying any goods causing huge loss to the exchequer.
Divya Nair spent eight hours getting home September 4. Thankfully she reached safe. And was able to appreciate the human side of her journey. Her story is not any more unusual than that of so many other city residents last Wednesday. But why should anyone have to spend eight hours getting home on an average rainy day in Mumbai? Why?
Petrol attracts a total excise duty of Rs 17.46 per litre.
None of the political parties in UP has any effective plans to create jobs.
Company says that this is a long-term plan as it continues to evaluate options.
'If we keep losing such institutions, we will soon become a city and culture of short-term memory.' 'Nothing to remind us of the years gone by and eventually with nothing to remember.'
We should work in unison to boost growth: FM
Urban markets account for the major share of total revenues.
The government would extend to the Maratha community the educational concessions given to OBCs.
Appearing on Rediff Chat, G Srikanth, partner in GSV Associates, Chartered Accountants, Chennai, and member of the Institute of Cost and Management Accountants, answered readers' queries on the Goods and Services Act.
The Empowered Committee of State Finance Ministers got its new chairman on Monday in Jammu and Kashmir's Abdul Rahim Rather.
The maximum death toll has been reported from Idukki district, where 43 people have lost their lives so far, as per official estimates. 28 deaths were reported in Malappuram and 27 in Thrissur.
He also lashed out at the Congress for its opposition to the GST and for dubbing it as 'Gabbar Singh Tax'.
Family members of the martyred personnel and survivors of the daring strike recalled the harrowing moments and pledged support to efforts to root out terrorism.
Aimed at creating a single tax for goods and services across the country, government on Friday introduced the long-pending GST Bill in the Lok Sabha for roll-out of the new regime from April 2016 subsuming various levies like entry tax and octroi.
Almost every claim made by India about Pakistan's role in the 2008 Mumbai attacks has been backed by investigator, who probed the case in Islamabad.
The New Year began on a violent note in Mumbai after Central Railway suburban services in Mumbai were disrupted on Friday morning between Diva and Mumbra.
The metropolis has received heavy rains in the last 24 hours.
Nine American and Israeli victims of the 2008 Mumbai attacks have demanded a compensation of $688 million (around Rs 4,233 crore) from the Pakistan-based perpetrators of the terror assault, including Jammat-ud-Dawah chief Hafiz Saeed.
'GST is imperative for India's success.' 'Without GST India will be a less competitive country.'
The popular island just off the coast of Mumbai has a lot more to offer than you know.
The need of the hour is to support e-commerce companies through benign policies and not to treat them as mere cash cows.
2014 Asian Games bronze medalist and national record holder Sudha Singh wants to make amends for a disappointing outing at the London Olympics.
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