GST News

Most of the states to benefit from GST

23 December 2014 at 10:50

Most of the States to benefit from GST from day one; Provisions have been Made in the Constitution Amendment Bill on GST to Ensure that none of the States Lose any Revenue after the Implementation of the GST: FM The Union Finance Minister, Shri Arun

Posted in GST | 21309 Views

GST and Insurance amendment bill on the anvil

18 November 2014 at 12:05

Economic Reforms Inclduing GST and Insurance Amendment Bill are on the Anvil: FM; Calls for Large Investment from Domestic and International Investors in Infrastructure Sector The Union Finance Minister Shri Arun Jaitley said that the Government has

Posted in GST | 16218 Views

GST to be a Major Milestone for Indirect Tax Reform

09 July 2014 at 18:10

GST to be a Major Milestone for Indirect Tax Reform DTC required as a Clean Modern Replacement for existing it laws In a non-market economy, in addition to laws, taxes and subsidies are used for encouraging or discouraging activities that the central

Posted in GST | 2 comments | 14319 Views

Work on Draft GST Constitutional Amendment Bill and GST Law Expected to be taken Forward

28 February 2013 at 13:44

Rs. 9,000 Crore set Apart for the 1st Instalment of the Balance of CST Compensation to States The Finance Minister Shri P. Chidambaram presenting the Union Budget in Lok Sabha today has expressed the hope that the consensus on providing for a Go

Posted in GST | 5274 Views

GST is More Effective and Efficient Substitute for Plethora of Indirect Taxes: FM

25 August 2012 at 11:27

The Union Finance Minister, Shri P. Chidambaram said that the goods and services tax (GST) is a more effective and efficient substitute for plethora of indirect taxes. The Finance Minister said that he is hopeful that the GST Bill would be passed

Posted in GST | 9606 Views

FM releases Guidance Paper on service tax: new approach intended to take country and economy a step closer to GST

21 June 2012 at 10:37

Union Finance Minister, ShriPranabMukherjee released the Guidance Paper on the new approach to service tax, here today. The release of the Guidance Paper marks the culmination of the year long efforts made by the Government to introduce a negative

Posted in GST | 1 comments | 10095 Views

IT Infrastructure for GST- GSTN

15 June 2012 at 13:15

Annual Conference of Chief Commissioners & Director-Generals - IT Infrastructure for GST- GSTN

Posted in GST | 8004 Views

GST to Make Goods and Services more Competitive both in Domestic and International Markets: FM

22 May 2012 at 15:40

The Union Finance Minister Shri Pranab Mukherjee said that the primary benefit of the Goods and Services Tax (GST), when introduced, would be the removal of cascading effect of taxes which acts like a hidden cost and makes goods and services uncom

Posted in GST | 3 comments | 8265 Views

Setting up of Special Purpose Vehicle to be called Goods and Services Tax Network (GSTN SPV)

12 April 2012 at 16:07

The Cabinet has approved a proposal to set up a Special Purpose Vehicle (SPV) namely Goods and Services Tax Network SPV (GSTN SPV) to create enabling environment for smooth introduction of Goods and Services Tax (GST). GSTN SPV will provide IT inf

Posted in GST | 8895 Views

GST will bring about a Paradigm Shift in the Arena of Indirect Taxation in the Country

22 February 2012 at 16:49

GST will bring about a Paradigm Shift in the Arena of Indirect Taxation in the Country; asks CBEC to make extra efforts to meet the Targets Of Indirect Tax Collections for the Current Fiscal : FM The Union Finance Minister Shri Pranab Mukherjee

Posted in GST | 6126 Views