Last Updated: Friday, June 5, 2015, 13:36
The Committee is in the process of discussing and arriving at consensus on large number of issues of GST, he said.
Last Updated: Wednesday, June 3, 2015, 18:29
In case of voluntary payments along with interest, reduced penalty have been provided depending upon the stage of litigation i.e. Prior to issuance of show cause notice, after issuance of show cause notice but before adjudication or after adjudication.
Last Updated: Sunday, May 31, 2015, 11:38
"We have discussed the matter with state governments. They have not agreed on uniform taxation. So, it is not possible to implement this recommendation of the panel," a senior Food Ministry official told PTI.
Last Updated: Sunday, May 24, 2015, 20:25
Finance Minister Arun Jaitley will on Monday address tax commissioners and director generals of income tax at their annual conference here that will deliberate, among other things, on strategies for providing a non-adversarial tax regime.
Last Updated: Friday, May 22, 2015, 14:10
"We must ... remove discretion, phase out exemptions and bring the effective rate down to global levels," Jaitley said.
Last Updated: Thursday, May 7, 2015, 13:37
GST, the new indirect tax regime, is scheduled to be rolled out across the country on April 1, 2016.
Last Updated: Wednesday, May 6, 2015, 17:43
The passage of the Constitution Amendment Bill in the Lok Sabha will ensure GST implementation by April 2016, but first it has to pass muster in the Rajya Sabha, experts said.
Last Updated: Wednesday, May 6, 2015, 16:31
GST, which is proposed to be implemented from April 1, 2016, will subsume excise, service tax, state VAT, entry tax, octroi and other state levies.
Last Updated: Tuesday, May 5, 2015, 20:48
A face-off between the opposition and government over the Goods and Services Tax (GST) bill is likely with the Congress and some other opposition parties insisting that it be sent to the Parliamentary Standing Committee for scrutiny.
Last Updated: Tuesday, May 5, 2015, 19:20
Opposition members insisted that bill be referred to the Standing Committee on Finance as it was a new bill as opposed to the one brought by the UPA government.
Last Updated: Friday, May 1, 2015, 15:17
Warning corporates not to take unfair advantage of the liberalised tax environment, Finance Minister Arun Jaitley on Friday said the world is moving towards a more transparent regime that would remove the veil of secrecy from unlawful transactions.
Last Updated: Wednesday, April 22, 2015, 13:12
Jaitley said he is optimistic about introduction of GST, which will create a nationwide unified market and remove trade barriers in the form of cascading effects of taxation, from April 1, 2016.
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