Current Affairs

GK MCQs Section

Page-11 of GST

GST council sets exemption threshold for tax at Rs.20 lakh

The first meeting of Goods & Services Tax (GST) Council has decided to exempt businesses with annual turnover below Rs.20 lakh out of the GST net. The meeting...

September 24, 2016

Union Cabinet approves formation of GST Council

The Union Cabinet has approved the process, formation and functioning of the Goods and Services Tax (GST) Council as per the Article 279A of the Constitution. Decision in...

September 12, 2016

President gives assent to the Constitution (122nd Amendment) (GST) Bill, 2014

President Pranab Mukherjee has given assent to the Constitution (122nd Amendment) (GST) Bill, 2014 as per Article 368 of the Constitution. With the assent, bill becomes law and...

September 8, 2016

Bihar becomes 2nd state to ratify Constitutional amendment bill on GST

The Bihar State Legislature has unanimously ratified the The Constitution (122nd Amendment) (GST) Bill, 2014 for introduction of Goods and Services Tax (GST) regime in the country. The...

August 16, 2016

Assam becomes first state to ratify The Constitution (122nd Amendment) (GST) Bill, 2014

The northern east state of Assam became first state in India to ratify The Constitution (122nd Amendment) (GST) Bill, 2014. In this regard, the Assam Assembly passed a...

August 12, 2016

Parliament passes The Constitution (122nd Amendment) (GST) Bill, 2014

The Parliament passed The Constitution (122nd Amendment) (GST) Bill, 2014 after it was unanimously passed by the Lok Sabha by approving all the amendments made by Rajya Sabha...

August 9, 2016

Union Government aims to roll out GST from April 1, 2017

The Union Government has set the ambitious target to roll out of the Goods and Services Tax, (GST) from 1st April 2017. It was announced by Union Finance...

August 6, 2016

Amit Mitra appointed as Chairman of GST committee of State FMs

West Bengal Finance Minister Amit Mitra has been appointed as the Chairman of the Empowered Committee of State Finance Ministers on Goods and Services Tax (GST). He was...

February 19, 2016

CEA Dr Arvind Subramanian Committee suggests GST rate of 17-18 per cent

Chief Economic Advisor Dr Arvind Subramanian led Committee has recommended standard rate for Goods and Services Tax (GST) at 17 to 18 per cent. The Committee has submitted...

December 5, 2015

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