New Delhi: India will likely be able to roll out the goods and services tax (GST) from July 1 following a breakthrough on Monday over the seemingly intractable issue of tax administration after the Centre accommodated states’ concerns. “It’s a significant headway,” Union F…
Tag: GST Council
जीएसटी मीटिंग का नहीं निकला कोई हल, 1 अप्रैल से GST लागू होने की उम्मीद ख़त्म
जीएसटी परिषद के नौवें बैठक में राज्यों और केंद्र के बीच एक राय नहीं बन पायी है। सरकार की सारी कोशिशें राज्यों के 1.5 करोड़ रुपये तक का सालाना कारोबार करने वाली इकाईयों पर अपने अधिकार की मांग को खारिज नहीं कर पायी है। सरकार राज्यों को फिलहाल इस का अधिकार देने को तैयार नहीं […]
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जीएसटी पर आज होने वाली बैठक में हो सकता है अहम फैसला
वस्तु एवं सेवा कर (जीएसटी) पर 16 जनवरी को होने वाली बैठक में अहम फैसला हो सकता है। आज होने जा रही जीएसटी की नौवीं बैठक में सरकार राज्यों के बीच सहमति बनाने पर जोर देगी। राज्यों की मांग है सलाना डेढ करोड़ तक का व्यापार करने वाली इकाईयों पूर्ण रुप से उनके अधिकार क्षेत्र में […]
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Arun Jaitley looks to break deadlock at GST meeting on 16 January
Finance Minister Arun Jaitley will on 16 January look to break the deadlock over distribution of powers between centre and states to administer GST, an issue that is holding up launch of the new national sales tax from April. The all-powerful GST Council, headed by Jaitley, will meet for the nint…
GST council sets exemption threshold for tax at Rs. 20 lakh
Giving relief to small businesses, the Goods & Services Tax (GST) Council has decided that threshold for exemption for businesses would be an annual turnover of Rs. 20 lakh, while the businesses in the Northeastern and hill states with annual turnover below Rs. 10 lakh would be out of the GST…
GST Council consensus emerging on April 1, 2017 rollout, Rs 25 lakh threshold
As the Goods and Services Tax (GST) Council comprising the Centre and states met here on September 22 — its first session after it was formed last week — a consensus seemed to emerge among the members to usher in the new tax from April 1, 2017. They have also resolved to fix the upper […]<…
President gives nod to GST Bill; 60 days’ countdown to GST Council begins
Turning years of wait into reality, the Constitutional Amendment Bill on Goods and Services Tax (GST) received Presidential assent on September 9 and turned into a law. The consent has moved the government a step closer to do away with indirect taxes. Next on agenda is formulation of the GST Coun…