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Latest Articles in goods and services tax

Relief under GST will be for future residential projects- Impact muted for on-going or nearly completed properties

Developers in the process of evaluating the per unit benefit arising on account of GST implementation. Most of the say there was a minor reduction in prices on offer passing on the cost savings.

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Govt clears GST amendments, states to be compensated for 5 yrs

The Union Cabinet has approved the recommendations, made by the Rajya Sabha Select Panel, for GST rate to be no more than 20 pc and to levy 1 pc additional tax by states only on actual sales and not on inter-company stock or inventory transfer

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Rajya Sabha panel submits GST report

The 21-member committee, in it's report, has recommended that the one percent additional tax by states should not be levied on goods - not for sale and favoured compensation to states for five years

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Select panel on GST Bill to submit report next month

Once the Select Committee gives its report in the second week of July, the Upper House will take up the Constitutional Amendment Bill for rollout of GST in place of all indirect taxes in the Monsoon Session of Parliament

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FinMin sets up two panels for roll out of GST from April 2016

Committees would recommend possible tax rates under GST that would be consistent with the present level of revenue collection of Centre and states and would also monitor the IT preparedness for the new indirect tax regime

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ADB to increase India lending by 50 percent to $12 bn by 2018

India's track record in repayment of loans was very clean and ADB would be looking forward to increasing its exposure in infrastructure, skill development and urban services, said Asian Development Bank President Takehiko Nakao

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UD Ministry wants revenue share from GST pie

The Urban Development Ministry has asked for a specific share of revenues from the proposed Goods and Services Tax (GST) for the urban local bodies in different states to improve their dismal financial condition

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