Last Updated: Thursday, May 14, 2015, 22:18
Finance Minister Arun Jaitley said on Thursday that foreign direct investment into India in 2014-15 had risen by 40 percent over the previous fiscal and hoped that the indirect tax reform that investors are looking to would happen by the next April deadline for the GST Bill.
Last Updated: Wednesday, May 13, 2015, 23:15
The GST Bill, which was approved by the Lok Sabha, could not pass muster in the Rajya Sabha and was referred to the select committee for scrutiny.
Last Updated: Tuesday, May 12, 2015, 18:20
A Constitution Amendment bill providing for roll out of long-pending GST was on Tuesday referred to a Select Committee after opposition insisted on its legislative scrutiny of the proposed legislation in Rajya Sabha where the government faces the numbers crunch.
Last Updated: Tuesday, May 12, 2015, 15:31
Pitching for support from political parties on the goods and service tax, Railways Minister Suresh Prabhu on Tuesday said the comprehensive indirect tax reform will make India single largest market in the world.
Last Updated: Tuesday, May 12, 2015, 09:08
Government is likely to inform Parliament in this regard after firming up the decision on the two issues at a meeting of BJP Parliamentary Party on Tuesday morning, party sources said.
Last Updated: Monday, May 11, 2015, 09:08
The Congress might also continue to raise its demand for senior minister Nitin Gadkari's resignation in connection with a CAG report on Purthi Group with which the minister was associated.
Last Updated: Sunday, May 10, 2015, 17:09
The government is set to bring on Monday the Goods and Services Tax (GST) bill, aimed at reforming of India`s indirect tax regime, before the Rajya Sabha, where some opposition parties led by the Congress want its vetting by the Select Committee.
Last Updated: Saturday, May 9, 2015, 19:51
The passage of the bill however seems unlikely in this session.
Last Updated: Thursday, May 7, 2015, 18:38
International Monetary Fund (IMF) on Thursday welcomed passage of the long-pending Goods and Services Tax (GST) by the Lok Sabha, saying it will lead to long-term sustainable growth in the country.
Last Updated: Thursday, May 7, 2015, 09:08
“GST is an important bill and is in the interest of nation. The nation is welcoming it,” said Venkaiah Naidu, Minister of Urban Development on Thursday.
Last Updated: Wednesday, May 6, 2015, 18:28
The GST subsumes various central indirect taxes including the Central Excise Duty, Countervailing Duty, Service Tax, etc. It also subsumes state value added tax, octroi and entry tax, luxury tax, etc.
Last Updated: Wednesday, May 6, 2015, 18:02
Welcoming the passage of GST Bill in the Lok Sabha, industry and experts said roll out of the new tax regime would add 1.5 percentage points to the economic growth and create a common market across the country.
more videos >>
