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Indirect tax regime News

GST Council meet

09 Sep 2024

Medical Insurance To Be Exempted Under GST? FM Nirmala Sitharaman Says THIS

Both life insurance and medical insurance premiums attract a GST rate of 18 per cent. Recently, many leaders from opposition-ruled states have requested Finance Minister Sitharaman to reduce GST on medical insurance and premiums.

29 Oct 2022

Will introduce one GST slab instead of 5 if Cong comes to power: Rahul Gandhi

Rahul Gandhi is doing 'Bharat Jodo Yatra'. GST scheme was implemented by BJP Govt in 2016. GST is an indirect tax that have many tax slabs for different items.

27 Sep 2018

Cabinet clears proposal to make GSTN 100% govt-owned company

GSTN Board will initiate the process for acquisition of equity held by the private companies.

21 Sep 2017

Govt frames parameters for division of taxpayers under GST

In a circular to all chief secretaries of states and principal commissioners of Central Tax, the GST Council secretariat laid down guidelines for division of taxpayers on the basis of their turnover to ensure single interface under the new indirect tax regime which was rolled out on July 1.

27 Jun 2017

There may be initial problems during GST rollout: FM

He also said the GST Council will look at bringing real estate within the GST net by next year and revisit taxing of petroleum products under the new regime in 1-2 years.

Indirect tax regime

10 Jun 2017

GSTN asks Suvidha Providers to get systems audited as per ISO

With the looming July 1 deadline for new indirect tax regime, GST Network has asked the GST Suvidha Providers to get their systems audited as per ISO standards before they start feeding data into the network.

29 Mar 2017

GST closer to July 1 rollout: All you need to know

Finance Minister Arun Jaitley on Wednesday moved four Bills for consideration and passage in the Lok Sabha to give effect to the Goods and Services Tax (GST).

04 Mar 2017

GST Council clears crucial CGST, IGST laws; rollout likely by July 1

The GST Council on Saturday fixed a 5 percent tax rate on small hotels and restaurants and approved draft of key supporting legislations to enable rollout of the new indirect tax regime from July 1.

28 Feb 2017

GST to be implemented from July 1 this year; all states on board: Shaktikanta Das

Economic Affairs Secretary Shaktikanta Das on Tuesday said that the Goods and Services Tax (GST) will be implemented from July 1 this year.

24 Oct 2016

Too many GST rates could be disastrous: P Chidambaram

Former Finance Minister P. Chidambaram on Monday said that too many GST (Goods and Services tax) rates would be `disastrous` and advocated for reduction of rates in the new indirect tax regime.

26 Sep 2016

KPMG-Ficci tie up for GST awareness

Tax consultancy firm KPMG on Monday said it has tied up with industry chamber Ficci for an awareness campaign on GST to highlight benefits and challenges of the new indirect tax regime.

GST implementation

07 Sep 2016

Running against time on GST implementation, says Jaitley

Terming April 1, a very stiff target, Finance Minister Arun Jaitley on Wednesday said the government is "running against time" for the implementation of GST, but added that he would certainly like to give it a try.

02 Aug 2016

GST set to become a reality as Congress, BJP reach 'broad understanding'

The logjam, which was witnessed in the Parliament in the recent sessions over the Goods and Services Tax (GST) Bill, is likely to end on Wednesday as a `broad understanding` has reached between the NDA Government and the Congress, thus paving way for its passage.

20 Jul 2016

Modi govt hopeful of GST Bill passage in first week of August

Banking on support from regional parties for passage of the GST Bill, Government on Wednesday expressed hope that the Rajya Sabha will clear the indirect tax reform in the first week of August.

29 Jun 2016

Govt will push GST bill passage in monsoon session: Naidu

The government will seek to ensure that the bill on a pan-India goods and services tax (GST) will be passed in the upcoming session of parliament, scheduled from July 18 to August 12, Parliamentary Affairs Minister Venkaiah Naidu said on Wednesday.

14 Jun 2016

Read the full text of Model GST Law

Here is the full text of Model GST Law.

Goods and Services Tax

15 Jan 2016

Govt examining stakeholders feedback on GST

Government is examining the feedback of stakeholders on business processes regarding the proposed Goods and Services Tax (GST) regime, CBEC Chairman Najib Shah said Friday.

02 Jan 2016

FM Jaitley hopeful of GST Bill in ensuing Budget session

After hitting the Congress wall in two successive Parliament sessions, Finance Minister Arun Jaitley on Saturday exuded confidence that landmark GST Bill will be passed in the next session as numbers in the Rajya Sabha will tilt in favour of the new indirect tax regime.

28 Dec 2015

GST certainly doable in 2016; in constant touch with Congress: FM Jaitley

GST, which seeks to simplify and harmonise the indirect tax regime across the country with a single uniform rate, has been stuck for many years in a political gridlock.

26 Nov 2015

Antim Baazi: Chances of passing the GST Bill

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