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This portal provides effective GST (Goods and Services Tax) news about what is going in the financial world such as filing, taxes, evasion of taxes, etc. The financial news will bring you the knowledge and are helpful for the CAs.
The Blogs on this portal will also tell you about the trending GST news and financial updates whether it might be from any government or non-government portal. You can also stream into the GST articles relevant to the GST REG, the updated scheme for the people of India, and awareness about how to manage or provide consultancy to the people of India in managing their businesses.
The blog will regularly provide press releases of the GST council meetings held by the finance minister of India. Moreover, people can also seek information about the petitions imposed by the applicant and the progress or the result of the cases.
According to the Election Commission, the Biennial elections will be held on March 21, 2016 for 13 Rajya Sabha seats in six states. Therefore, the ruling BJP hopes that we will achieve enough seats in the Rajya Sabha in upcoming election to roll-out the Goods and Services Tax (GST) Bill.
When, the Finance Minister has made an announcement regarding to remove the controversial EPF tax proposal, then the Congress and BJP quarrelled on Tuesday to take credit for the roll-back of the proposal tax EPF. Rahul Gandhi claimed that it happened due to his pressure on the government. In return, attacking on the Rahul, the parliamentary affairs minister Mr. Venkaiah Naidu said that he was interrupting the Parliament by blocking vital legislations.
MUMBAI: According to one of the largest foreign institutional investors Morgan Stanley, there is a belief that BJP can pass the GST Bill by this July as it has got an ample number of Member of Parliament (MP) to pass the bill.
The GST empowered committee of state finance ministers has selected a name, Dr. Amit Mitra as a new chairman of the committee. He is a West Bengal Finance Minister also. Moreover, the post of chairman was empty since November, 2015 as the Kerala Finance Minister KM Mani had left the post in November due to corruption charges.
The Indian Prime Minister, Narendra Modi took a move to the Opposition on Feb 16, 2016 regarding the passage the GST Bill in the upper house of Parliament. In the meeting, the PM expressed his words in the presence of floor leaders of all major parties in the both houses of of Parliament. He said that the ruling BJP was ready to discuss in the Parliament “each and every issue”, which the Opposition wanted. But on the condition that they do not disturb in the Parliament.
The Finance Minister, Arun Jaitley has reacted on Sunday on the comment of former PM Manmohan Singh’s accusation on the ruling BJP. In an interview, the Manmohan Singh had said on Friday that there is today a crisis of confidence in the current government. The people did not believe the NDA government.
Introduced the Goods and Services Tax Bill in Dec 19, 2014, since, it is being rubbed between the politics’s quarreles. Now, the Road Transport Minister, Mr. Nitin Gadkari said that the main opposition party, Congress do not want to back the Constitution Amendment bill, they will be isolated. Our party is hopeful about the passage of the GST Bill.
The Goods and Services Tax bill is stuck amidst the ongoing war between the government and the Congress. In words of Congress Vice President Rahul Gandhi “The Congress party will support the GST bill openly in the Rajya Sabha if the Government agrees to its conditions.” As per Rahul Gandhi, it will take only 15 minutes for Congress to stand in full support along with the BJP who is a minority in Rajya Sabha.
The opposition party-Congress blamed the NDA government for making a “false smokescreen” on the taxation new regime. After the meeting of Venkaiah Naidu and Sonia Gandhi on Friday regarding the GST Bill, Congress said that the ruling BJP is not serious about the Constitution Bill,