Nasscom president said moving from single to multiple points could be a challenge from the point of view of ease of doing business
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
The monsoon session of Parliament got off to a stormy start on Monday leading to adjournment of the two Houses without transacting much business following an opposition uproar over issues ranging from price rise to the Agnipath scheme.
The Constitution amendment bill for roll-out of GST is pending in Rajya Sabha for a long time.
Govt can advance the dates of the convening of the monsoon session of Parliament to early July
"There will be some challenges" in the switchover to GST in the short term, Finance Minister Arun Jaitley has warned.
Government originally planned to roll out GST from April 1 last year, but a consensus could not be reached on the introduction of the Bill.
GST making you anxious? Here is a fact-check on how new tax will impact you.
The state has extended its full support, provided its revenues are protected.
The IMG meeting will be convened shortly.
The finance minister said the consensus between the Centre and states is required to amendment the constitution for implementing goods and services tax.
Addressing public rallies at Barnala chowk and Bhawanigarh in Sangrur, the chief minister vowed to do whatever it takes to protect the farmers and the state from the 'devastating' effects of the 'black laws'.
Monsoon session of Parliament expected to be stormy and likelihood of GST Bill and Land Bill getting passed are slim
At a press conference after a meeting of the party's senior leaders, K C Venugopal said the Congress will also launch a massive signature campaign in which it aims to collect two crore signatures from farmers and the poor people against farm bills.
States' demand of compensation from Centre for loss of tax revenue not on agenda.
There is much work to be done to design a good GST.
They are evaluating realignment of warehouses and supply chains, besides exploring locations to set up hubs and shutting down some distribution centres
Simplifying the processes will lead to greater efficiencies. Bad processes will not help even if implemented well, says T N C Rajagopalan
The Centre and states are likely to settle for this threshold.
Sentiments in global markets, movement of rupee against the dollar and crude oil prices will dictate near-term trend
Income tax collection, by way of advance tax and TDS, in the April-June quarter was about 80 per cent of what was collected in the same period last year.
'Sin tax' is a globally prevalent practice under which products like alcohol and tobacco attract higher rates of tax.
As freebies/gift vouchers attract GST, retailers are opting for straight discounts this festive season.
Fiscal federalism should not be sacrificed at the altar of GST.
If the new regime is introduced in 2017, the govt may lose out on cess, surcharge
Speaking at the all-party meeting called by the government, Modi said, "People have great expectations and that is why Parliament should function and be productive."
The Rajya Sabha proceeding washed out completely on Wednesday and was adjourned for the day amid continued protest by the Opposition parties led by the Congress over price rise and levy of Goods and Services Tax (GST) on daily essentials.
Some of the players in the GST race are Payworld, Dell, Tally Solutions
The government has notified mandatory requirement of e-invoicing for B2B transactions for businesses with a turnover over Rs 100 crore with effect from January 1, 2021. Under Goods and Services Tax (GST) law, e-invoicing for business-to-business (B2B) transactions is mandatory for companies with turnover of over Rs 500 crore from October 1. In a notification, the Central Board of Indirect Taxes and Customs (CBIC) said e-invoicing will be extended to businesses with a turnover over Rs 100 crore from January 1.
"This is completely untrue. Please do not re-circulate such message without checking it with authority," Adhia said.
Sensex in green, JSW climbs higher.
'GST is imperative for India's success.' 'Without GST India will be a less competitive country.'
The transition to a single, nationwide tax on goods and services will streamline business and boost the economy by tearing down barriers between 31 states and union territories.
Officers from various departments including the finance ministry to be part of rehearsal event
The rupee fell to a two-year low of 64.84 against the US dollar.
Under the Goods and Services Tax, effective midnight of June 30, most of the financial services would attract a higher tax of 18 per cent as against 15 per cent as of now.
With recent rate cuts, November collections could be even less
The confidence that GST Network is capable of handling the returns, payments, reconciliation, refunds, etc., has been badly shaken.
Companies are worried that any staggered roll-out of GST could result in cash flow issues with businesses not able claim tax credit due to breakage in the chain
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