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 introduces GST Bill for passage in Rajya Sabha

Last Updated: Tuesday, August 11, 2015, 09:06

The government on Tuesday introduced the much-awaited bill on GST for passage in the Rajya Sabha even as doubts persists if the opposition Congress will allow passage of the Constitution Amendment Bill.

Govt lists GST Bill for passage in Rajya Sabha on Tuesday

Last Updated: Monday, August 10, 2015, 21:25

The Revised List of Business of Rajya Sabha said Finance Minister Arun Jaitley will move the Constitution (One Hundred and Twenty-second Amendment) Bill, 2014, incorporating recommendations made by a House Select Committee.

Bill to revise airlines' liability introduced in Lok Sabha

Last Updated: Friday, August 7, 2015, 17:38

The Carriage by Air (Amendment) Bill, 2015, introduced by Civil Aviation Minister Ashok Gajapathi Raju, would enable the government to revise the liability limits of air carriers in line with the Montreal Convention, which was acceded to by India in May 2009.

Watching global condition; calibrating policies accordingly: Jayant Sinha

Last Updated: Friday, August 7, 2015, 15:43

Government and the Reserve Bank are closely monitoring global economic conditions as well as the movement of rupee value and accordingly calibrating policies regularly to support robust macroeconomic growth, Lok Sabha was informed on Friday.

Govt imposes 10% import duty on wheat

Last Updated: Friday, August 7, 2015, 14:23

Government on Friday imposed 10 percent import duty on wheat till March 2016 to curb shipments and liquidate poor quality grains lying in FCI godowns.

LS passes bill to deal with cheque bounce cases

Last Updated: Thursday, August 6, 2015, 18:15

A bill providing for filing of cheque bounce cases at the place where a cheque is presented for clearance and not the place of issue, was approved by the Lok Sabha Wednesday.

Govt studying views against quoting PAN beyond Rs 1-lakh spend

Last Updated: Friday, July 24, 2015, 17:36

The government on Friday said it was examining representations from various quarters, including MPs, against the proposed mandatory quoting of PAN for sale or purchase in excess of Rs 1 lakh.

No decision yet on slapping import duty on wheat: Govt

Last Updated: Friday, July 24, 2015, 16:04

The government on Friday said it has not yet taken a decision to impose duty on wheat imports.

Black money law comes into force from July 1

Last Updated: Thursday, July 2, 2015, 20:02

The black money law that provides for stringent penalties and jail term for failing to disclose overseas income has been operationalised from July 1 this year, instead of April 2016, the Finance Ministry said.

Govt opens compliance window for black money disclosure

Last Updated: Wednesday, July 1, 2015, 20:46

Government on Wednesday gave three months time till September 30 for people to declare their undisclosed foreign income and assets to escape prosecution under the new black money law, while tax and penalty on such funds can be paid till December 31.

Parliament passes Black Money Bill; to be applied to resident tax payers, says FM Jaitley

Last Updated: Wednesday, May 13, 2015, 19:13

The Bill will put in strong deterrent for those who do not come clean in a one-time window being provided under the law and declared unaccounted foreign wealth.