Tag: CGST

Will meet April 1 target for GST rollout: Meghwal

Stressing that the new indirect tax regime is a major tool for improving ease of doing business, Minister of State for Finance Arjun Ram Meghwal  said the government will be able to implement Goods and Services Tax (GST) from April 1, next year. “April 1, 2017, is the target date for implementati…

Centre mulling to ‘advance’ Winter Session for early GST roll out

In a bid to roll out the crucial Goods and Services Tax (GST) from April 1, 2017, the Modi government is considering to prepone the Winter session of Parliament to pass the CGST and IGST bills, and pave way for implementation of the new sales tax regime. The Winter session of Parliament is genera…

How can industries reap maximum benefits out of GST

GST will overhaul the current indirect tax system and will impact all facets of business operations of any company, for instance, pricing of products and services, supply chain optimisation, IT, accounting and tax compliance systems. Given the time constraints, industries would need to gear up an…

Nasscom seeks changes in GST model law

While Indian IT industry body Nasscom said that the Goods and Services Tax (GST) Bill is a welcome move, it has also voiced some concerns on the GST Model Law. Nasscom has suggested certain changes to the finance ministry on self-declaration procedures, instead of multiple paper-work for registra…