The bill was passed by LS last year and now it has to go back to the Lower House for incorporating the amendments approved by Rajya Sabha.
Finance minister tries to put house in order before reforms are unveiled in February.
The largest challenge for the gigantic exercise between the Centre and the 29 states was to keep the latter interested over the years.
Reform ideas do not occur overnight and evolve over the years.
"GST should not become a 'grossly scary tax'. It should be a 'good and simple tax'," Surjewala said.
The near term will be challenging, as most will struggle to adapt to the new regime.
Aiyar has contended that this results in revenue loss, malpractices and even death of people consuming illicit liquor
BJP workers and mourners queued up in large numbers outside the party headquarters since morning to pay their last respects to the leader.
Experts have flagged issues regarding the levying of new cess/tax, especially those related to complications in administering the cess.
The bullishness in the Indian stock market is likely to continue and the benchmark Sensex will reach 32,500 by December 2015, global brokerage firm Morgan Stanley said.
As per practice a vote-on-account or approval for essential government spending for a limited period is taken in the election year and a full-fledged budget presented by the new government.
'Today when people are fighting to get their salary, you are telling them you will privatise airports!'
...for others it would be an incentive to participate more robustly in equities and other tax instruments.
Apart from Modi, Jaggi Vasudev to address 2-day tax officers' conference
The confidence that GST Network is capable of handling the returns, payments, reconciliation, refunds, etc., has been badly shaken.
He said the government has already begun implementing tax reforms.
The broader Nifty ended on top of 9,800 again.
Education, jobs, health and more: Experts share their wishlist.
The government now ends its mandate with reaffirmation in the vote-on-account of the same goals, for which it claims to have a clear line of sight.
The final rate will be worked out by the GST Council, Finance Minister Arun Jaitley said on Wednesday.
GST implementation could happen in September itself, with the next meeting of the Union Cabinet likely to take up the matter.
'It was like a doctor giving some simple pain killers to a patient in dire requirement of chemotherapy.' 'There was no sense of urgency or desperation in this particular Budget.'
GST seeks to subsume many indirect taxes at the Central and state levels.
Even if the GST rate is 18-20 per cent, there would be no average impact on inflation.
Manufacturing taxes, VAT will come down, assures Jaitley
There are high hopes that the Budget for 2014-15 to be presented in Parliament may actually not tinker with the threshold limit or the other tax slabs but could provide reliefs by incentivising savings.
Make In India and the reduction in barriers of trade will potentially create a growth environment.
An area of worry relates to simplification of the refund procedure where the inverted duty structure prevails
'I don't know how long the small-scale handmade sector can survive,' a shoemaker from Hisar tells Geetanjali Krishna.
Listing out priorities for the Finance Ministry under Arun Jaitley and the Narendra Modi government as a whole, it said the growth rate can pick up to 6 per cent with the extent and pace of reform measures.
Others taxed at 5, 12, 18, 28%
The Nifty rose 176.50 points, or 1.74 per cent, during the week.
'Milking poorly performing or easily marketable assets is the way to deliver more money for key programmes,' says T N Ninan.
The Bill has already been passed by the Lok Sabha.
In the longest losing streak of 2017, the BSE Sensex has lost 1,270 points, or 3.91 per cent. It fell to a three-month low of 31,154.03 on Wednesday.
Moody's has a 'positive' outlook on its 'Baa3' rating on India.
The government is hopeful of passage of the GST bill in the winter session of parliament claiming 30 of the 32 parties have supported it.
Jaitley promised the states that they would be fully compensated for any loss of revenue arising from implementation of GST.
'With 1.3 billion consumers, India's market has great potential.'
Trump says it is time to heal the wounds that divide Americans.
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