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Parliament passes GST bills; Government looking at July 1 roll out

Decks have been cleared for implementation of the biggest indirect tax reform since independence, with parliamentary approval to the GST as Rajya Sabha on Thursday passed the four enabling bills for its roll out, possibly from July 1. The long-awaited...

Goods will become cheaper with GST: Jaitley

Finance Minister Arun Jaitley on Wednesday said goods may become "slightly cheaper" once all other taxes are removed after implementation of the Goods and Service Tax. Replying to a debate on the four bills related to GST in the Lok...

Lok Sabha passes all four GST Bills

India moved a step closer to becoming a unified market in line with the federalist vision of the architects of its Constitution with the passage in Parliament on Wednesday of the GST Bill, which extends pan-India except to Jammu...

Apple may have to wait for GST rollout, says Sitharaman

Commerce and Industry minister Nirmala Sitharaman said Amercian phone-maker Apple's demand for tax incentives to set up a manufacturing unit in the country will have be looked at after the Goods and Services Tax (GST) is rolled out. "GST will...

Food processing sector unlikely to be adversely impacted under GST

Food processing industry is unlikely to have any adverse impact in terms of taxation under the proposed GST regime as the sector will continue to be taxed at existing rates, a top Food Processing Ministry official said. According to a...

Amazon India introduces ‘A-Z GST Guide’ programme

E-commerce major Amazon India has come out with a new programme for sellers to get insights and help related to the goods and services tax (GST), which is set to be rolled out from 1 July. According to a PTI...

E-commerce firms to pay up to 1 per cent TCS under GST

E-commerce firms like Snapdeal and Amazon will have to mandatorily deduct up to 1 per cent tax collected at source (TCS) while making payments to their suppliers under the goods and services tax (GST) regime which is expected to...

Council approves all five draft bills for GST

With the Goods and Service Tax (GST) Council on Thursday approving the remaining two draft bills -- UTGST (Union Territory GST) and SGST (state GST), all the five enabling draft bills stand approved to enable a likely rollout of...

GST on track, to be implemented from July 1: Jaitley

Giving a clear roadmap for its implementation, Finance Minister Arun Jaitley on Saturday said that the Goods and Services Tax (GST) was on track and July 1 was going to be the likely rollout date of the new indirect...

GST to come into effect from July 1: Economic Affairs Secretary

The Goods and Services Tax (GST) will be implemented from July 1 as all states have agreed on the implementation date, Economic Affairs Secretary Shaktikanta Das said on Tuesday. "GST should be implemented by July 1. All states have agreed...
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