Tag: GST bill
17 Results
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Are those observing black day in favour of corruption: Sitharaman
Union Defence Minister Nirmala Sitharaman on Wednesday wondered if the opposition parties are in favour of black money as they are observing the first anniversary of demonetisation as a black day. On this day last year, Prime Minister Narendra Modi announced demonetisation of Rs 500 and Rs 1,000 notes, which he said was aimed to...
November 8, 2017 -
GST will further boost India’s ranking in ‘ease of doing business’: Bankers
With the improvement in India’s ranking in the World Bank’s ‘ease of doing business’ report to 100th position, bankers and experts expressed hope that implementation of the GST will strengthen the country’s position in the future. “Going forward, GST’s incorporation in next year’s assessment will provide another significant leap in doing- business rankings for India,”...
November 1, 2017 -
GST: Tax department to probe Rs.65,000 cr credit claims of traders
Transitional credit claims worth a whopping Rs 65,000 crore received from traders under GST have stumped the government and the tax authorities are now preparing to check the veracity of claims of over Rs 1 crore. The Central Board of Excise and Customs (CBEC) has asked its officials to verify all transitional credit claims for...
September 15, 2017 -
‘Traders not passing GST benefits to consumers’
A consumer survey of more than 45,000 respondents suggests that manufacturers and traders are not passing on the benefits of the Goods and Services Tax (GST) to the customers. In the poll conducted by the LocalCircles citizen engegement platform, a majority of 54 per cent citizens said their monthly costs had gone up by 30...
September 14, 2017 -
Banks’ bad loans to reach 10.5% by March 2018: Crisil
The banks bad loans or non-performing assets (NPAs) will reach 10.5 per cent of the total advances by March 2018, an increase from 9.5 per cent on March this year, domestic rating agency Crisil said in a report on Thursday. About two-thirds of the overall stressed assets in the banking system has already been recognised...
September 14, 2017 -
West Bengal assembly passes GST bill
The West Bengal Goods and Services Tax Bill, 2017, was passed by the state assembly here on Monday, with the legislation replacing the ordinance promulgated earlier by the Mamata Banerjee government on the new tax system. Criticising the Bharatiya Janata Party-led central government for implementing the new indirect tax regime "without proper infrastructure", the Chief...
August 8, 2017 -
Govt to rehearse GST-launch in Parliament
A mega rehearsal has been planned on Wednesday in the Central Hall of Parliament ahead of the historic GST launch on the midnight of June 30. The rehearsal, scheduled to be held at 10 pm, may be supervised by either Parliamentary Affairs Minister Ananth Kumar, his deputies Mukhtar Abbas Naqvi and S S Ahluwalia, or Secretary Rajiv Yadav, official...
June 27, 2017 -
Allies BJP, PDP cross swords over GST in J-K, Mehbooba in a bind
Having failed to get the GST Bill passed in the state legislature, the ruling PDP and BJP in Jammu and Kashmir have now crossed swords on the issue of rolling out the new tax regime through the ordinance route to fall in line with rest of the country where the GST will come in force...
June 21, 2017 -
States not passing GST to lose out on Central compensation package
Kerala and Jammu and Kashmir, the two states that have not yet cleared the state GST laws, will lose out on the compensation package of the Central government if they do not accept the unified indirect tax regime. "All GST Council decisions have been taken through consensus. SGST has been approved by all states barring J&K...
June 20, 2017 -
J-K assembly fails to pass GST bill amid ruckus
The Jammu and Kashmir assembly on Saturday failed to pass the GST bill in a special one day session as the opposition MLAs accused the Mehbooba Mufti-led government of "blinding boys and girls by using pellet guns". As soon as the assembly started to take up obituary references, Congress MLAs stood up on their seats...
June 17, 2017 -
Govt starts GST awareness drive for consumers
The government has started its media blitzkrieg to tell the common man that the upcoming GST will reduce prices of most goods. The Central Board of Excise and Customs (CBEC) in advertisements in leading dailies gave pictorial representations of items which are exempt from Goods and Services Tax and the ones which would attract lower...
June 4, 2017 -
Tripura Assembly unanimously approves GST bill
Left-ruled Tripura in a special assembly session on Thursday approved the Goods and Services Tax (GST) Bill unanimously. Opposition Congress and Trinamool Congress legislators did not oppose the bill. The bill tabled by Tripura Finance Minister Bhanulal Saha on the first day of the three-day special assembly session on Tuesday was passed on Thursday without...
May 25, 2017 -
Mizoram GST Bill passed unanimously
Mizoram assembly unanimously passed the Mizoram Goods and Services Tax (GST) Bill, 2017 in a one-day special session of the legislature on Thursday. State Taxation Mminister Lalsawta, who introduced the bill, hoped that the new tax regime under GST to be in place in the country from July one would help in substantial increase in...
May 25, 2017 -
Will preserve special position of J-K when GST is implemented
The Jammu and Kashmir government has said that it will preserve the special position of the state when the Goods and Services Tax (GST) is implemented all over India. Public Works minister Naeem Akhtar said the government will bring a special bill in the state Assembly and there will be a comprehensive debate on it...
May 25, 2017 -
Tripura Assembly special session on to ratify GST bill
A three-day special session of the Tripura Assembly began here on Tuesday to ratify the Goods and Services Tax bill as part of the constitution amendment. Tripura Finance minister Bhanulal Saha placed the bill in the House, which will be discussed by members in accordance with the recommendations of the business advisory committee. The GST...
May 23, 2017 -
Odisha passes state GST Bill
The Odisha Goods and Services Tax Bill-2017 was passed in the special session of the state assembly on Friday. The bill was unanimously passed by a voice vote even though the opposition demanded it be sent it to the select committee for further deliberation. The assembly also passed the Odisha Value Added Tax (Amendment) Bill,...
May 19, 2017 -
Maharashtra Legislature to begin session from Saturday
The Maharashtra Legislature will begin a special three-day session fromSaturday to pass the state Goods and Services Tax (SGST) bill. The legislature will pass three bills the main 116-page SGST Act, a bill related to the Compensation to Local Authorities and a bill on to the existing state laws that are to be repealed when...
May 19, 2017