Present indirect taxation system complete mess: Arun Jaitley

Last Updated: Friday, September 11, 2015, 00:02

Union Finance Minister Arun Jaitley Thursday said the present indirect taxation system is in a "complete mess" and sought support of political parties and state governments for implementation of Goods and Service Tax reform.

Indirect tax collections grow 36.5% to Rs 2.63 lakh crore

Last Updated: Wednesday, September 9, 2015, 19:18

Indirect tax collections rose 36.5 percent in April-August to over Rs 2.63 lakh crore, suggesting that the underlying momentum in the economy is strong, the Finance Ministry said Wednesday.

Govt can spend Rs 37,200-cr more and still meet deficit target

Last Updated: Wednesday, August 26, 2015, 22:49

The government can spend an additional Rs 37,200 crore more this fiscal year in infra investments or bank recapitalisation and still not miss the 3.9 percent fiscal deficit target, the domestic ratings agency India Ratings said in a report Wednesday.

Very optimistic on passage of GST, other bills: Sitharaman

Last Updated: Friday, August 14, 2015, 17:28

Government on Friday said it is 'very optimistic' of getting the much stalled reform bills like GST passed in Parliament despite strident disruptions by the Congress seen in the just ended Monsoon Session.

Govt will find out alternative ways to implement GST: Goyal

Last Updated: Friday, August 14, 2015, 15:41

He ruled out Ordinance route for GST, saying constitutional amendments cannot be implemented by Ordinances.

Indirect tax collection growth shows economy improving: CEA

Last Updated: Wednesday, August 12, 2015, 12:14

The Finance Ministry on Wednesday said a steady 37 percent growth in indirect tax collections in four months to July reflects that underlying momentum in the economy is improving.

Government introduces GST Bill in Rajya Sabha amid ruckus

Last Updated: Tuesday, August 11, 2015, 16:10

Amid ruckus by opposition members in the Rajya Sabha, Finance Minister Arun Jaitley on Tuesday introduced a constitutional amendment bill to enable implementation of goods and services tax (GST) in the country.

Indirect tax revenue surges 37% to Rs 2.1 lakh crore in Apr-Jul

Last Updated: Tuesday, August 11, 2015, 16:01

Indirect tax revenue jumped over 37 percent to over Rs 2.1 lakh crore during April-July period of current fiscal, on the back of higher excise collections.

GST Bill: 10 Key facts you should know

Last Updated: Tuesday, August 11, 2015, 09:31

GST is expected to streamline the taxation system and cut down multiplicity of compliance and cascading effect of taxes.

Govt clears GST amendments, states to be compensated for 5 years

Last Updated: Wednesday, July 29, 2015, 20:55

The Cabinet decided that the modalities for levy of 1 percent tax over and above the GST rate by states as well as the 'band' rate would be finalised while framing the rules, sources said.

Cabinet approves amendments to GST Bill

Last Updated: Wednesday, July 29, 2015, 20:27

The Union Cabinet on Wednesday approved amendments as proposed by Rajya Sabha Select Panel on GST Constitution Amendment Bill.

GST rate at 20% good for industry, consumers: Experts

Last Updated: Thursday, July 23, 2015, 15:44

The GST rate of 20 percent, as suggested by a Parliamentary Committee, would benefit the industry and will also not be a burden on consumers, experts say.