The GST Council has finalised 4 tier Goods and Services Tax (GST) rate structure with a multiple-slab rates, including the cess for the new indirect tax regime. Thus,...
The Union Government has proposed a four-slab rate structure for the new indirect tax regime i.e. Goods & Services Tax (GST) ranging from 0 to 26 per cent....
The International Monetary Fund (IMF) has asserted that adoption of GST (Goods and Services) tax will boost India’s medium-term growth. It was mentioned IMF’s latest Asia Pacific regional...
The Cabinet Committee on Economic Affairs (CCEA) under the chairmanship of Prime Minister Narendra Modi has approved ‘Project SAKSHAM’. The Project SAKSHAM is a New Indirect Tax Network...
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...
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...
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...
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...
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...
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...
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...
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...
