Arun Jaitley regrets delay in GST rollout

Last Updated: Wednesday, August 5, 2015, 22:02

Citing slowdown in China, Finance Minister Arun Jaitley Wednesday said India has a chance to become a global manufacturing hub but regretted that Congress was not allowing GST rollout which alone could push GDP by 1 to 2 percent.

States demand full compensation for 5 years after GST rollout

Last Updated: Thursday, June 4, 2015, 21:08

States Thursday pressed for Centre compensating fully for the loss of revenue in the first five years of GST replacing their taxes, a position that may create hurdle in plans for roll out of new tax regime from next year.

GST Bill taken up in Lok Sabha, fate uncertain in Rajya Sabha

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.

GST rollout to boost growth by 2%: Adi Godrej

Last Updated: Tuesday, February 17, 2015, 18:43

The government must roll out Goods & Services Tax (GST) from next fiscal as it is likely to boost economic growth by 2 percent, Godrej Group Chairman Adi Godrej said Tuesday.

States oppose Centre's revised GST draft

Last Updated: Thursday, December 11, 2014, 15:04

States have opposed the Centre's revised GST draft, Chairman of Empowered Committee of State FMs said on Thursday.

States on board, GST to be rolled out from April 2016: Sinha

Last Updated: Tuesday, December 9, 2014, 15:59

Government on Tuesday said that broad agreement has been achieved with the states on most of the issues concerning the implementation of Goods and Services Tax (GST) which is scheduled to be rolled out from April 1, 2016.

GST rollout hinges on compensation to states: Modi

Last Updated: Saturday, April 27, 2013, 16:09

GST would largely depend on the Centre agreeing to compensate states for the revenue loss they would incur, said Modi.

Committee on CST recommends settling previous claims

Last Updated: Tuesday, February 26, 2013, 17:07

A committee has recommended that individual states' central sales tax (CST) compensation claims of earlier years be settled on case to case basis at the earliest to pave way for smooth rollout of GST.

Panel to frame model GST law; 3 committees to address issues

Last Updated: Thursday, February 14, 2013, 21:55

State finance ministers on Thursday decided to prepare model legislation and set up three committees to sort out various issues for smooth roll-out of the Goods and Services Tax (GST).

Punjab wants protection of revenue loss under GST

Last Updated: Thursday, February 14, 2013, 20:58

The Punjab government on Thursday said it will "not favour" GST if the Centre did not ensure compensation of revenue loss of Rs 3,000 crore to the state after implementation of the indirect tax regime.

GST rollout: Chidambaram to meet state FMs today

Last Updated: Wednesday, February 13, 2013, 18:35

Finance Minister P Chidambaram is likely to include a broad outline of the GST in the upcoming Budget after considering inputs from state finance ministers here on Thursday and seeking their approval on the design of the the indirect tax regime.