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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 551 to 575 of 1401 Records

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551 Dated: 3-2-2017
By:- Ganeshan Kalyani

FM says that all steps necessary for preparedness to move to GST are as per target including IT system, and that the CBEC is working extensively to reach out to trade and industry from 1st April providing positive trigger towards readiness to GST.


552 Dated: 3-2-2017
By:- Ganeshan Kalyani

GST council is going to meet on 18th February.


553 Dated: 3-2-2017
By:- Ganeshan Kalyani

The rate of GST product wise is expected to analyse the impact on there working capital and on business.


554 Dated: 3-2-2017
By:- Ganeshan Kalyani

Compliances are going to be a big concern for big industries having huge transaction and having many branches. It is also going to be a big concern for service industries. Untill now they have single centralized registration for service tax. Under GST they would require to enrol in every state where they have operation.


555 Dated: 3-2-2017
By:- Ganeshan Kalyani

FM said that no major changes in current indirect tax regime of central excise, customs and service tax is made as anyway these taxes is going to subsume in GST.


556 Dated: 4-2-2017
By:- YAGAY AND SUN

Draft GST laws due in second half of Budget session: FM Jaitley


557 Dated: 4-2-2017
By:- YAGAY AND SUN

Allied GST laws coming up.


558 Dated: 4-2-2017
By:- YAGAY AND SUN

India should start with a uniform low rate GST.


559 Dated: 4-2-2017
By:- YAGAY AND SUN

Union Budget: Encouraging to see govt committed to GST in 2017

It was great to see that Arun Jaitley preferred to avoid making changes in the current excise and service tax regime since GST is around the corner


560 Dated: 4-2-2017
By:- YAGAY AND SUN

‘With GST roll-out, we are cautious of indirect tax forecast for FY18. - Revenue Secretary


561 Dated: 4-2-2017
By:- YAGAY AND SUN

Services are likely to be taxed at a single rate, except some like transport: Revenue Secretary


562 Dated: 4-2-2017
By:- YAGAY AND SUN

Five Indians charged on GST fraud claims in Singapore .


563 Dated: 4-2-2017
By:- YAGAY AND SUN

Scope of black money generation will be difficult once GST is implemented: Arun Jaitley


564 Dated: 4-2-2017
By:- YAGAY AND SUN

Govt may table GST draft Bills in House next month

Next council meet on Feb 18 | Rates may be decided in May or June


565 Dated: 4-2-2017
By:- YAGAY AND SUN

GST migration Seva Kendra opened


566 Dated: 4-2-2017
By:- YAGAY AND SUN

GST To Smoothen Taxation, Bring In Transparency: Experts

At an interactive awareness programme for start-ups, the experts said the government is expected to resolve the queries of entrepreneurs regarding GST.


567 Dated: 5-2-2017
By:- YAGAY AND SUN

GST roll out next fiscal: Is the govt looking at changing the financial year?


568 Dated: 5-2-2017
By:- YAGAY AND SUN

GST decisions under states' pressure, reverse them: IRS


569 Dated: 5-2-2017
By:- YAGAY AND SUN

Vehicle scrap policy to go to GST Council post Cabinet nod: Gadkari

V-VMP policy to push 28 million decade-old vehicles off the roads


570 Dated: 5-2-2017
By:- YAGAY AND SUN

Smartphone buyers beware: GST may lead to 25% hike in prices CyberMedia Research estimates that with imposition of goods and services tax (GST), the price of smartphone handsets would increase by around 25 percent.


571 Dated: 5-2-2017
By:- YAGAY AND SUN

Many issues need to be resolved to make ideal GST: Amit Mitra


572 Dated: 5-2-2017
By:- YAGAY AND SUN

‘GST to simplify tax structure, boost revenue mop up’


573 Dated: 5-2-2017
By:- YAGAY AND SUN

All cesses, barring petroleum, to be merged in GST: Hasmukh Adhia

It was decided that even though all other cesses would be subsumed in the GST, the Centre would continue to levy clean environment cess on coal, peat and lignite.


574 Dated: 5-2-2017
By:- YAGAY AND SUN

IT and technology companies want relaxation of manufacturing norms as GST approaches.


575 Dated: 5-2-2017
By:- YAGAY AND SUN

GST: CBEC officials oppose ceding taxpayer base to states

Over 50,000 officers are planning to protest on 30 January against the decision which they estimate will leave as many as 40% of CBEC employees without work.


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