Mobile, hotel, other services to be costlier from Monday

Last Updated: Sunday, May 31, 2015, 11:37

Finance Minister Arun Jaitley in his Budget had proposed to raise service tax from 12.36 per cent (including education cess) to 14 per cent. The proposal takes effect from June 1.

Railways to hike AC class fares by 0.5% from Jun 1

Last Updated: Saturday, May 30, 2015, 16:32

Fares for first class and AC class in passenger trains besides freight charges will be increased by 0.5 per cent from June 1 as new service tax will come into effect.

List of products to get costlier and cheaper from June 1

Last Updated: Saturday, May 30, 2015, 10:52

Those that would also turn cheaper include leather footwear, locally made mobiles, computer tablets, microwave ovens, peanut butter, packaged fruits, ambulance service and agarbattis.

Govt confident of GST, land bill passage

Last Updated: Friday, May 22, 2015, 15:56

Government on Friday exuded confidence that land bill will be passed in the next Parliament session, saying "the numbers are very clear".

New service tax rate of 14% to come into effect from June 1

Last Updated: Tuesday, May 19, 2015, 22:32

The new service tax rate of 14 percent will come into effect from June 1, government said Tuesday, in a move that will make eating out in restaurants, insurance and phone bills expensive, among many other things.

Prabhu seeks support of political parties to pass GST bill

Last Updated: Sunday, May 17, 2015, 16:13

Railway Minister Suresh Prabhu has sought support of all political parties to make India the single largest market in the world by implementing the Goods and Service Tax (GST) in the country.

FDI up 40% in FY'14-15, hopeful on GST rollout: FM Jaitley

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.

Govt committed to passage of GST Bill in July: FM Jaitley

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.

GST Bill coming up before Rajya Sabha on Monday

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.

GST to boost growth rate by 1.5 percentage points: Industry

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.

There are "101 counts" on which GST bill should be sent to Parl panel: Moily

Last Updated: Tuesday, May 5, 2015, 22:51

Congress leader Veerappa Moily Tuesday said the Goods and Services Tax (GST) Bill was "revolutionary" but insisted there are "101 counts" on which it should be sent to Parliamentary Standing Committee for wider consultations of some of its provisions.

Earning numbers to guide markets; land, GST bills eyed too

Last Updated: Sunday, May 3, 2015, 11:39

Stock markets, which have been on a downward spiral for the last few weeks, would look at the next batch of quarterly earning numbers and proceedings in Parliament for further cues, say experts.