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Goods and GST Bill passed, Goods and Services Tax - GST

Issue Id: - 110747
Dated: 3-8-2016
By:- Ganeshan Kalyani

Goods and GST Bill passed


  • Contents

Dear All,

GST Bill is passed in Rajya Sabha on 03. 08.2016.

A panel under chief economic adviser Arvind Subramanian has recommended a revenue-neutral rate of 15-15.5%, with a standard rate of 17-18% be levied on most goods and all services.

But, there has been no agreement yet on rates of various goods and services, which remains a tricky issue. According to the Bill, passed in the Lok Sabha in May 2015, the rates were to be decided by a GST council headed by the central finance minister with state finance ministers as members.

Let us wait.

Thanks.

Posts / Replies

Showing Replies 601 to 625 of 1401 Records

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601 Dated: 10-2-2017
By:- Ganeshan Kalyani

Though the GST Council has already taken the decision on a four-tier structure for taxing for the indirect tax regime, the rate for various goods and services will be decided in May or June. The Council has decided the rates for four-slab structure at 5%, 12%, 18% and 28%.


602 Dated: 11-2-2017
By:- YAGAY AND SUN

Amazon, Flipkart, Snapdeal Join Hands Against Draft Model Goods And Services Tax (GST) Law.


603 Dated: 11-2-2017
By:- YAGAY AND SUN

Cong says govt delaying GST implementation Congress today accused the government of being "insensitive" towards implementing GST and said the blame for delaying the key tax reform measure for three years should be on the Modi dispensation.


604 Dated: 11-2-2017
By:- YAGAY AND SUN

Land, real estate should be brought under GST: Delhi deputy CM


605 Dated: 11-2-2017
By:- YAGAY AND SUN

Govt hopeful of passing GST bills in 2nd leg of Budget session Replying to a question on GST bill, Parliamentary Affairs Minister Ananth Kumar said, "That is on the plate. GST council is meeting on 18th and it will be decided after that, but we are hopeful that supporting GST bills will be passed in the next phase of the session."


606 Dated: 11-2-2017
By:- YAGAY AND SUN

Preparing for GST: For SMEs this can be a good starting point


607 Dated: 12-2-2017
By:- YAGAY AND SUN

Govt may rework indirect tax maths mid-way after GST entry


608 Dated: 12-2-2017
By:- YAGAY AND SUN

Differentiated tax in GST good for beverages sector: Coca-Cola The Atlanta-headquartered beverages giant said differentiated tax structure will be an opportunity for it to expand its products range in the country.


609 Dated: 13-2-2017
By:- YAGAY AND SUN

4-tier GST rate may lead to classification disputes: Study


610 Dated: 13-2-2017
By:- YAGAY AND SUN

Film and television industry lobbies for lower GST rate

Anything more than a 5% rate would be damaging to the industry, said Siddharth Roy Kapur, president of Film and Television Producers Guild of India.


611 Dated: 13-2-2017
By:- YAGAY AND SUN

Government May Rework Indirect Tax Maths Mid-Way After GST Entry

In total, the government estimates to collect nearly ₹ 9.27 lakh crore from indirect taxes next fiscal, up 9 per cent over 2016-17.


612 Dated: 13-2-2017
By:- YAGAY AND SUN
  • Chidambaram asks Jaitley to cut indirect taxes immediately

613 Dated: 16-2-2017
By:- YAGAY AND SUN

GST likely to halt economy, says Avendus' Andrew Holland "Valuations are challenging. We are seeing early signs of pick-up from demonetisation but its not a V-shape pick-up and will not be a V-shaped recovery"


614 Dated: 16-2-2017
By:- YAGAY AND SUN

Cos rush to merge arms for better efficiency under GST.


615 Dated: 16-2-2017
By:- YAGAY AND SUN

Adi Godrej expects double-digit GDP growth once GST kicks in Going ahead, remonetisation will spur the company’s earnings in the fourth quarter ending March 2017, Godrej Group Chairman Adi Godrej said, adding that GST rollout will fuel the company’s and India's growth in FY18.


616 Dated: 16-2-2017
By:- YAGAY AND SUN

GST Council to discuss anti-profiteering clause at February 18 meet.


617 Dated: 16-2-2017
By:- YAGAY AND SUN

StanChart pegs GDP at 7.2% in FY18, says GST may slow down growth Analysts at Standard Chartered expect GDP growth in India to be slow at 7.2 percent for financial year 2018 as against 7.5 percent estimated by a majority of other economists.


618 Dated: 16-2-2017
By:- YAGAY AND SUN

Apply higher tax on tobacco products under GST:Experts


619 Dated: 16-2-2017
By:- YAGAY AND SUN

GST could raise solar tariffs by 10%: Report


620 Dated: 16-2-2017
By:- YAGAY AND SUN

Solar tariffs in India may rise by nearly 10 per cent if current tax exemptions are curtailed under the proposed Goods and Services Tax (GST) regime, a local think-tank dealing with energy and environment issues has said. "India's emerging solar sector could see tariffs rise by nearly 10 per cent if current tax exemptions were curtailed in the roll out of the GST," the Delhi-based Council on Energy, Environment and Water (CEEW) said in a statement on Tuesday, citing its study.


621 Dated: 16-2-2017
By:- YAGAY AND SUN

GST: JK to draft own law to protect State’s special status

‘Will ensure Constitutional position and special taxation powers are not affected’


622 Dated: 16-2-2017
By:- YAGAY AND SUN

Kannada film producers seek protection from GST.


623 Dated: 16-2-2017
By:- YAGAY AND SUN

Film industry bats for lower rate of GST; says over 5 per cent tax will hamper the growth


624 Dated: 16-2-2017
By:- YAGAY AND SUN

Here’s how CIOs can manage the complexities arising out of GST.

In an interview with ETCIO.COM, DD Mishra, Research Director, Gartner explains the various ways in which GST will impact the IT systems and how CIOs can manage the complexities arising from it.


625 Dated: 16-2-2017
By:- YAGAY AND SUN

Retailers seek early implementation of GST Industry body Retailers Association of India has asked for early implementation of the GST, which will be a game changer for the Indian retail sector which is pegged to grow to USD 1.3 trillion by 2020, its CEO Kumar Rajagopalan said.


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