The states have unanimously pitched for sole administrative powers to carry out assessment, scrutiny and enforcement for entities up to an annual turnover of Rs 1.5 crore.
'While the GST is structured to be an all-encompassing tax and to create a vastly expanded digital network of recorded transactions, no one knows how traders long used to avoiding taxes will apply their ingenuity,' says T N Ninan.
Under the GST regime, most manufactured goods will turn cheaper.
Years of wait before DTC, GST are rolled out
Last week, a Rajya Sabha committee had allocated five hours for discussion on GST.
Preparing legal framework to protect states from revenue loss.
Never before has the need for creating an ambience for economic policy reforms been as critical as it is now, points out A K Bhattacharya.
Political observers say Banerjee is fast emerging as the face of the Opposition and would be a force to reckon with in the next general elections in 2019.
"As FM, I granted approval in the normal course of business," he said in a statement.
The government on Wednesday decided not to hold special session of Parliament to pass the constitution amendment bill for rolling out Goods and Services Tax and will recommend to the President to prorogue the Monsoon Session.
Before leaving for Mumbai on Tuesday, Parrikar held a series of meetings, including one with senior state ministers.
The members of these trusts enjoy tax and other benefits at par with EPFO subscribers.
An area of worry relates to simplification of the refund procedure where the inverted duty structure prevails
It should be noted that the CPC allocation is provisional.
For the first time in his political career, he failed to carry his party to even a working majority -- and again, for the first time in his career, he finds himself in a situation where he cannot rule by dictatorial fiat, points out Prem Panicker.
Here's everything you need to know about the Goods and Services Tax Bill.
There is much work to be done to design a good GST.
The Opposition said that the government was 'bull-dozing'.
A GST roll-out by April 1 looks difficult, giving the companies some succour.
The centre's promise of a new deal for the states is a welcome development.
Finance Minister Arun Jaitley appealed to parties to rise above partisan considerations to support it.
Here's everything you need to know about the Goods and Services Tax Bill.
Fiscal federalism should not be sacrificed at the altar of GST.
For supply rules, the location decides where goods or services will be taxed.
The GST Council's agenda includes trimming the number of items in the 28 per cent slab by 75 per cent, easier compliance for assessees and small taxpayers, and a presentation on bringing real estate under GST.
The GST bill's draft says tax would be levied on Maximum Retail Price
The government has already said it is keen on starting ore mining and exports.
Kerala Finance Minister K M Mani resigned on Tuesday night after pressure mounted on him from the ruling Congress-led United Democratic Front to quit.
'At the heart of the strategic relationship between our countries are economic ties.'
Operationalising the ban is being fleshed out: it will entail which cryptocurrencies will be banned and how.
Cong leaders speak in two voices but final stand may be decided at a meeting headed by Rahul Gandhi next week
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At the retreat, PSBs had suggested the government cut its stake in these entities to less than 51 per cent over a period of time and empower the boards of individual banks.
The father-son duo are in the radar of the probe agencies in another case concerning the Aircel-Maxis deal.
The IMG meeting will be convened shortly.
'Prime Minister Modi stated several times that we shall not let this challenge go away without converting it into an opportunity to undertake systemic reforms.' 'And hasn't that been reiterated in action?'
'The AMs are a different beast and reflect the political play within the government.' 'Prime Minister Modi does not need to assuage any interest group to take the final call on any decision that belongs rightfully to the Cabinet,' points out Subhomoy Bhattacharjee.
The posts of Chairman and MD in the private sector are held separately.
New Delhi bureaucrats, accustomed to leisurely lunches, golf in the afternoon and long weekends, have been shaken out of their somnolence, say authors. Fear and suspicion hang heavy over the red-sands.
Following is the gist of the controversy over sudden transfer of West Bengal Chief Secretary Alapan Bandyopadhyay, who retired on Monday, to Delhi and related rules.
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