The Left and Congress said that the PM should have been more respectful and sensitive in his speech.
Businesses are still taking time to adjust in the new tax regime, which would weigh on growth rates for the financial year closing today.
GST impact: Higher lease payouts may hit airlines, cab aggregators.
If the new regime is introduced in 2017, the govt may lose out on cess, surcharge
"To begin with, people could face some difficulties because any changeover has its own problems. But it will settle down and the country will benefit from the new indirect tax regime," Jaitley said at an event organised by ABP News.
The council, headed by Finance Minister Arun Jaitley, will meet again on December 11 and 12 to hammer out the differences.
Financials were the top losers after sharp gains in the previous session along with ITC
The Council also discussed process to make return filing simpler with just one return to be filed every month.
The GST Bill, seen as single biggest tax reform in a long time, needs to be ratified by at least 15 state legislatures before the President can notify the GST Council which will decide the new tax rate and other issues
The disagreement between the Centre and states continued over administrative powers.
GST will lead to consolidation of multiple indirect taxes
To mark the anniversary of note ban, the Congress was observing a 'black day'.
At a meeting of the Empowered Committee of State Finance Ministers, the Centre's plan to bring petroleum goods under GST regime was opposed.
The BJP leadership is understandably mulling all options on the roll-out of the GST.
'The professional or the freelancer needs to pay taxes from his pocket first and then wait for payments from his clients.'
'Is Trump going to play a mediating role? Can he play a mediating role? It's out of the question.' 'Kashmir is an Indian responsibility.'
Barely 10% of small businesses are in a GST-ready position, say experts
'A broad-based revival of private sector investment was likely in 2018-19 after businesses had successfully made the switch to the GST.'
The council decided not to levy any additional tax on small petrol and diesel cars of up to 1200 cc as well as on hybrid ones.
Parliament on Thursday cleared the decks for the rollout of the historic Goods and Services Tax from July 1 as it approved four supporting legislations to usher in the one-nation-one-tax regime.
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
Criticising various provisions in the proposed GST regime, Moily said it will be a "technological nightmare" and the anti-profiteering provisions in it are "far too draconian."
The question that is being asked is: Does the GST campaign gain from his all-too-familiar face taking forward its message or will brand fatigue flatten the impact?
'Our priority will be to settle land disputes in Bihar, which I believe is the root cause of almost all crime in the state.'
A combination of reduced cash intensity, a focused strategy of tax administration and GST is the way to go, say Sakshi Gupta, Tanvi Garg and Abheek Barua.
While the government has the option of ensuring the passage of these Bills as money Bills, there are voices within the government advising discretion on the GST roll-out by April 1.
The premium on insurance policies will get costlier by 3 per cent to 7 per cent, depending upon the rate fixed by the GST Council from April 1, 2017, says Harjot Singh Narula.
India's existing web of federal and state sales taxes is levied at different stages of the supply chain and often results in double taxation, while forcing trucks to spend nearly a quarter of their road time in border checks or other inspections.
Incentives for industries have been rolled back and teachers have gone without salary for months as the state grapples with the after-effects of the ban
Gandhi attacked Modi and the BJP while latching on to the bribery allegation made by Narendra Patel, an activist of the Hardik Patel-led Patidar Anamat Andolan Samiti.
Finance Minister Arun Jaitley appealed to parties to rise above partisan considerations to support it.
Experts share their views on the steps that will help businesses become GST-ready.
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