Model GST Bill has 20% peak tax, to keep slabs intact for now

The GST Council has proposed to raise the peak tax rate to 20 per cent, from the current 14 per cent, in the model goods and services tax Bill to preclude the requirement of approaching Parliament......

GST rates will have no inflationary impact: Jaitley

GST compensation law allows for imposition of cess on certain luxury goods like tobacco, high-end cars and aereated drinks to create a corpus for compensating states for any loss of revenue in the......

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......

Chronology: GST's 17-year roller coaster ride

After 17 tumultuous years, a nationwide Goods and Services Tax (GST) will rollout from midnight of June 30, overhauling India's convoluted indirect taxation system and unifying the $2 trillion......