Experts share their views on the steps that will help businesses become GST-ready.
'Modi had not discussed demonetization with me prior to his announcement on 8 November 2016. 'I learnt of it along with the rest of the country. 'I was not surprised when he did not discuss the issue with me prior to making the public announcement. 'It fitted in with his style of making dramatic announcements.' A fascinating excerpt from Pranab Mukherjee's The Presidential Years: 2012-2017.
CAF Bill's fate to be decided on Monday
According to DBS, GST has growth, inflation and fiscal implications.
It will reduce compliance cost as the assessee will not have to maintain multiple records for a variety of taxes
Tax Guru Anil Rego answers your personal income tax queries.
Raghuram Rajan said the passage of the GST Bill augurs well for the growing political consensus for economic reforms.
The session started on December 15 ended on January 5.
In a first, Opposition-ruled states on Saturday got the Centre to delete from the records three minutes of the last GST Council meeting that provided for tweaking of agreed criteria for division of taxpayers under the Goods and Service Tax regime.
Penalties for undisclosed foreign income and assets extend up to 300%.
Industrial output rose to nearly three-year high of 6.4% in August.
The stormy monsoon session of Parliament came to an end on Thursday, becoming a virtual washout and delaying legislations which could not be passed because of continuous acrimony.
The challenges before the government, he said, is to put public sector banks back on track and continue to operationalise stalled infrastructure projects
Government strategists are trying to ensure that the requisite 16 of the 31 states ratify the Bill by the end of this month
Under the GST regime, most manufactured goods will turn cheaper.
He will succeed Kerala Finance Minister K M Mani.
The proposals to get cable operators to offer digital signals aren't going to work unless the government mandates CAS-systems across the country.
The BSE Mid-Cap index was currently up 0.81%.
Chairman of the committee S S Ahluwalia has sought an extension.
If the new regime is introduced in 2017, the govt may lose out on cess, surcharge
After discussions, there may be changes the Bill.
Any residual amount left in the Compensation Fund after five year compensation period shall be shared equally between the Centre and the states.
The Sensex ended higher by 245 points at 27,372 mark and the Nifty gained 66 points at 8,225.
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.
'Through the use of technology, the GSTN will tip the balance in favour of compliance rather than tax evasion, lowering the barriers for entry into the tax payment system while making it much harder to cheat on payments,' says Nandan Nilekani.
GST making you anxious? Here is a fact-check on how new tax will impact you.
Here's everything you need to know about the Goods and Services Tax Bill.
Utter confusion prevails in the ruling All India Anna Dravida Munnetra Kazhagam in Tamil Nadu.
The guidelines, which have made service charge "totally voluntary and not mandatory", will be sent to states for necessary action
The prime minister is aware that whatever be its consequences, a new taxation regime cannot be launched closer to the general elections in 2019. Thus, any date after April 2017 for the launch of GST is risky, says A K Bhattacharya.
BharatPe co-founder Ashneer Grover and his wife Madhuri Jain were stopped at the Delhi international airport following a look out circular issued against them in the alleged fraud at the fintech firm, sources said. The couple were to travel to New York late on Thursday for vacation when they were stopped at the airport on the basis of a look out circular issued by the Economic Offences Wing (EoW) of the Delhi police. EoW is investigating complaints of payments being made at BharatPe to fake human resource consultancies allegedly operated by Grover and family. They have also been accused of backdating invoices to use funds.
Investors need to evaluate how they stack up against other high credit quality fixed-income options before putting money in them.
Gains in auto shares helped offset losses in select index heavyweights led by Infosys.
Pledging to alter the policy environment to accelerate economic growth, Prime Minister Manmohan Singh on Saturday promised to address concerns on GAAR and taxation of the IT sector along with giving high priority to finalisation of the Direct Taxes Code and Goods and Services Tax.
'A major thrust is required by the government to stimulate rural demand'.
The FM has been making efforts to make the taxation laws simpler.
It's an undeniable fact that after enactment of GST, buying insurance will become a little expensive impacting your term plans, health plans and motor insurance plans the most. But you should not ignore the importance of insuring your life, health, vehicle, says Harjot Singh Narula
There are two ways: Deliver a rapidly growing economic pie or reform GST and close corporate tax loopholes, suggests T N Ninan.
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