'Centre, states working to meet GST roll out deadline'

Last Updated: Wednesday, July 22, 2015, 20:00

The Centre and states are taking administrative steps to meet the April 1, 2016 deadline for roll out of the Goods and Services Tax (GST), Finance Ministry said Wednesday.

Microsoft, TCS, Infosys and others bid for building GST Network

Last Updated: Friday, July 17, 2015, 19:25

Five IT companies, including Microsoft, TCS and Infosys, have bid for building the GST network across the country for smooth roll out of the new indirect tax regime.

Congress to file dissent, as Parl panel readies report on GST bill

Last Updated: Friday, July 17, 2015, 18:56

The Committee, headed by Bhupender Yadav, is likely to finalise its report in the next meeting on Monday.

Indirect tax collections pace up, grow 37.5% in April-June

Last Updated: Saturday, July 11, 2015, 10:58

IIP data showed that the growth in factory output in the first two months of the fiscal was 3 percent as against 4.6 percent in April-May of 2014-15.

Traders against proposed GST, say it is more complex

Last Updated: Friday, July 3, 2015, 20:09

The central and state GST are to be paid to the accounts of the central and state governments separately, he added.

Indian businesses turn sceptical on PM Modi's landmark tax reform

Last Updated: Thursday, July 2, 2015, 09:27

Companies are equally worried that the reform does not extend to real estate, one of the biggest revenue generators for the states, leaving them still subject to state taxes on plant and property, possibly including machinery.

FinMin sets up two panels for roll out of GST from April 2016

Last Updated: Wednesday, June 17, 2015, 19:31

Gearing up to roll out GST from April 1, 2016, the Finance Ministry on Wednesday set up two committees to suggest tax rates and look into IT preparedness for the new indirect tax regime.

States to submit views on GST to Rajya Sabha Select Committee tomorrow

Last Updated: Monday, June 15, 2015, 14:29

States are pressing the Centre for compensating them fully for the loss of revenue in the first five years of GST replacing their taxes.

Spurt in indirect taxes indicates economic recovery: CEA

Last Updated: Thursday, June 11, 2015, 20:04

The Finance Ministry Thursday said the spurt in indirect tax collections this fiscal was an indication of economic recovery though there was some need for caution as these were only early indications.

Indirect tax collection up 39.2%; excise reflects manufacturing uptick

Last Updated: Wednesday, June 10, 2015, 21:32

Indirect tax collection has jumped 39.2 percent in April-May, with excise showing a smart rise reflecting pick up in manufacturing, Finance Minister Arun Jaitley said Wednesday.

GST to enable voluntary tax compliance: Mani

Last Updated: Friday, June 5, 2015, 18:24

The country is slowly moving towards Goods and Services Tax (GST) regime which will enable voluntary tax compliance, facilitate simple and transparent tax administration, said K.M. Mani, who headed the Empowered Committee of State Finance Ministers on GST, on Friday.