GST rates to be between 16-20 per cent: CBEC
Posted Date : 28-Jun-2011 , 03:38:12 am | Posted By CASANSAAR
The Central Board of Excise and Customs (CBEC) on Tuesday said that tax rates under the proposed Goods and Services Tax (GST) regime in India is likely to be between 16 per cent and 20 per cent.
“World over, GST rates are typically between 16 per cent and 20 per cent. In India it is likely ...
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Gujarat not ready for GST implementation: state govt
Posted Date : 26-Mar-2011 , 10:25:26 pm | Posted By CASANSAAR
Though the Goods and Services Tax (GST) bill has been tabled in the Lok Sabha, the Gujarat government today said in the state Assembly that it was not ready to implement it.
Minister of State for Industries, Saurabh Patel, told the House that state government was n...
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Indian govt introduces key tax reform bill
Posted Date : 26-Mar-2011 , 10:17:59 pm | Posted By CASANSAAR
India's government introduced a wide-ranging tax bill into parliament on Tuesday, but opposition to the move threatened to derail one what is one of the coalition's most ambitious reforms of its second term.
In a sign of how corruption scandals are...
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GST: Govt moves ahead, introduces Bill in Lok Sabha
Posted Date : 22-Mar-2011 , 12:18:33 pm | Posted By CASANSAAR
The government today introduced a Constitution Amendment Bill in the Lok Sabha with a view to create a common market for goods and services and replace the existing indirect taxation regime with a uniform Goods and Services Tax (GST) system.
The Bill...
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FinMin secures President's nod for GST Bill
Posted Date : 18-Mar-2011 , 10:33:46 am | Posted By CASANSAAR
The finance ministry on Wednesday moved a step closer to the proposed Goods and Services Tax (GST) by taking the President’s approval for introducing a Constitution Amendment Bill in Parliament. Even as some government departments have raised concerns on the Bill in its p...
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Govt. may bring constitution amendment bill on GST this session
Posted Date : 15-Mar-2011 , 11:34:25 am | Posted By CASANSAAR
The Government today gave green signal to the Constitution Amendment Bill indicating a strong desire to push the Goods and Services Tax, despite lack of consensus among states for implementing the new regime on indirect taxes.
It will try to introduce...
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GST may not be implemented from April 2012: FM
Posted Date : 14-Mar-2011 , 12:30:29 pm | Posted By CASANSAAR
The government today said it may not be possible to roll out the Goods and Services Tax (GST) from April next year, as the proposal needs consent from all the states.
"...the (GST) legislation cannot be voted upon until the ratification is completed.....
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