Constitutional Amendment Bill

The details of the amendments are still a mystery as the government has not officially shared it with the media or discussed it publically. What has been reported so far shows that the government plans to increase the retirement age of judges and fix the tenure of the chief justice of the Supreme Court

GST: Details of FM's letter to Telangana CM K Chandrashekhar Rao

The Union Finance Minister Arun Jaitley is reaching out to individual state governments urging them to adopt the goods and services tax (GST) Constitutional Amendment Bill as soon as possible.

Market to face worry during GST implementation:Vallabh Bhanshali

If the GST Bill is implemented then over the longer term it is sure to be a GDP and Budget booster believes Vallabh Bhanshali of Enam Securities.

Govt trying to pass GST bill this session: Meghwal

Government is working overtime to build a consensus on the long-pending Goods and Services Tax (GST) bill with the hope of getting it passed during the ongoing Parliament session, Minister of State for Finance Arjun Ram Meghwal said today.

GST Bill: Here‘s what tax experts hope for

Pratik Jain, Partner, PwC India does not see the logic of keeping ATF and Natural Gas out of the GST list.

No clarity on consensus; Rajya Sabha yet to slot GST bill

The problem is from the Congress as most other parties are on board. The Congress wants the cap on the GST rate to be made part of Constitution which means any change in the rate requires a constitutional amendment, a long-drawn process.

Govt, Oppn must join hands for GST breakthrough: Assocham

"At this point, when macroeconomic risks like rebound in inflation and continuing slowdown in industrial growth along with global geo-political headwinds are rising, the passage of the GST Bill can be a strong anti-dote to any such negative news flow," Assocham quoted secretary general D S Rawat as saying.

IMF hopes India will implement 'critically important' reforms

"The IMF is quite bullish about India, and our forecast for 2016, 2017 is 7.5 percent growth," Lagarde said in response to a question at the University of Maryland yesterday. "So we see India as benefitting, actually it's one of the major beneficiaries of the lower oil prices

Winter Session ends without GST, bankruptcy bills passage

The Juvenile Justice Bill was passed by Rajya Sabha at the eleventh hour.

April 1 deadline for GST rollout seems challenging: Sinha

The Constitutional Amendment Bill to roll out Goods and Services Tax is stuck in the Rajya Sabha due to stiff opposition by the Congress party and might be delayed further because of the tough stance taken by the main opposition party over the National Herald case issue.

Ficci welcomes panel report, says GST to add 2% to GDP

In recommendations aimed at breaking the GST logjam, the panel today suggested dropping additional one percent tax on inter-state sales over and above the Goods and Services Tax (GST) rate.

Biggest GST concern is on federal powers of states: Yechury

Sitaram Yechury, member, Rajya Sabha says that state governments "feel they are being deprived of their own resources."

'Doubt India will cut its first GST invoice on Apr 1, 2016'

In an CNBC-TV18 interview, Grant Thornton India's Amit Kumar Sarkar, KPMG's Santosh Dalvi and Deloitte's Prashant Deshpande discussed the government‘s move to refer the GST Constitutional Amendment Bill to a select panel and whether this may affect the government‘s rollout timeline.

Does govt have political muster to pass Land, GST Bills?

While a time schedule can be provided in the motion itself when the GST Bill is referred to the Select Panel, the possibility of a break down of both the houses due to the Amendments suggested by the panel is likely, ultimately leading to a protracted delay, says constitutional expert Subhash Kashyap.

Clashes in House do not impact personal ties: Jaitley

Acrimony and clashes inside the House do not impact the bonhomie among members of Parliament belonging to different political parties, Finance Minister Arun Jaitley said this during a function to release a collection of poetry 'Dehri Ka Mann' penned by former Congress MP Prabha Thakur and stressed there is an "environment of friendship" among MPs.

Govt creating environment conducive to investments: FM

Government is trying to create a conducive environment, both in terms of taxation and ease of doing business, as investments won't come just by opening doors, Finance Minister Arun Jaitley said on Friday.

Centre includes compensation in GST Const Amendment Bill

The Bill was introduced in the Lok Sabha on December 19. While liquor has been completely kept out of the GST, petroleum products like petrol and diesel will be part of the new regime from a date to be decided at a future date by the GST Council, which will have two-third of its members from states.

India needed an enabling tax policy to revive growth: FM

GST is expected to play a transformative role in the way economy functions and it will add buoyancy to growth by developing a common Indian market and reducing cascading effect on the cost of goods and services.

NIPFP reworks revenue neutral rate for GST: Finmin sources

The central sales tax will be subsumed into GST plus the original states rather than manufacturing states will also have the right to levy one percent additional tax in the initial two years.

Inflation at record low due to decisive measures: President

Delivering his address to the joint sitting of Parliament, whose Budget session commenced today, he said, "Inflation and food inflation, in particular, are at a record low due to a number of decisive measures taken by the government".

Prez gives nod to Judicial Appointments Commission Bill

The National Judicial Appointments Commission (NJAC) bill passed by Parliament in August this year has received President's assent, official sources said.

States to get 1-year grace period for implementing GST

With states like Tamil Nadu and West Bengal still voicing their concerns over GST implementation, the Centre has provided for this one-year extension clause in the GST Constitutional Amendment Bill which was tabled in the Lok Sabha on December 19.

Cabinet clears GST Bill, may be presented in Parl soon

Sachin Menon, COO tax and head of indirect tax, KPMG says India can't have a perfect GST given the demographic situation and the peculiar federal structure. However, this bill will most definitely improve the ease of doing business.

GST Bill will be tabled in next session

Sources say petroleum products and entry tax could be kept out the GST ambit. This comes after state finance ministers had a lengthy meeting with Arun Jaitley in the Capital on Thursday.

Jaitley to meet state FMs tomorrow on GST

The meeting would "discuss some of the challenges that the states see at this point of time", Minister of State for Finance Jayant Sinha told reporters on the sidelines of Delhi Economics Conclave here today.