GST becomes law as President gives assent to constitutional amendment bill

President Pranab Mukherjee on Thursday gave assent to Constitution Amendment Bill on Goods and Services Tax, a major step towards rolling out the new indirect tax regime which the Modi government......

Where Would India Be Without Dr Singh?

What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister......

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......

Monsoon session ends: 7 things you should know

Passage of the long-pending Goods and Services Tax bill and a unanimous resolution on Kashmir were the highlights of the "highly productive" Monsoon session of Parliament which was adjourned sine......

Can UPI Stay Free Forever?

Several executives argue that UPI has the potential to grow tenfold, but warn that the absence of a monetisation model risks stagnating the real-time payments system, which has been recording......

Govt tables sales tax, banking Bills

Government introduced two Bills in Lok Sabha on Friday -- one seeking to phase out central sales tax in four stages and eventually abolish it in three years and another to give more operational......

Centre to revise SEZ Act, limiting tax sops and enhancing integration

The Centre is unlikely to offer new direct tax incentives for units operating in special economic zones (SEZs) and may instead allow the grandfathering of previous exemptions that such units were......

Jaitley on why GST bills must be passed this Parliament session

These have to be passed in this session to meet the September 15 deadline for switching over to the new indirect tax regime, Jaitley said. The government on Thursday emphasised the urgency to pass......