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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.
The most awaited Constitution Amendment bill was stuck in the last two sessions to roll-out Goods and Service Tax bill in the Parliament. But now, the Finance Minister Mr. Arun Jaitley is confident regarding the GST Bill. In the next session, the members of opposition party will be reduced and ruling BJP will get more majority in the upper house. Therefore, the Bill will be rolled out in Budget session sure.
Recently, the Indian Prime Minister Narendra Modi said about the opposition party that we hope the Congress should be to not disrupt the Parliament in this year. In return, the Congress took a dig at the NDA saying our party did not disrupt Parliament and the BJP’s “stubborn attitude” was behind the deadlock over the GST Bill.
The Goods and Services Tax has proven as trending point of the country. After over the winter session, political interference is being seen on the GST yet. Now the Indian FM Arun Jaitley told the reports that the bill will be rolled out on in next session as the opposition party is “shrinking” their majority votes in the Rajya Sabha of Parliament.
The Indian Finance Minister Mr. Arun Jaitley said, the government will roll-out new taxation regime, GST by just making “certainly” double efforts in 2016 and he is in “continuous touch” with opposition party to coax them to cooperate.
Chief Economic Advisor, Mr. Arvind Subramanian told the reports that oil products as Petrol and other petroleum products will keep out of the Goods and Services Tax perimeter for some time after its implement in the Parliament. The GST Bill is stuck in Rajya Sabha in the winter session and now the government is looking forward to pass the GST Bill in the Budget session of 2016.
The winter session of Parliament has ended on December, 2015 and disappointed us over the Goods and Services Tax (GST). The government has failed to break deadlock on the Constitution Amendment Bill in this session. The bill has been delayed further. FM Jaitley’s deputy, Mr. Jayant Sinha said that the government would have liked to roll-out the GST and also wanted it to be simple.
The former RBI Governor Mr. C Rangarajan told that the proposed 1 % extra tax on the sales of inter-state is contrary to roll-out the GST in the Parliament. He believes that this additional tax should be removed and not be implemented to the bill.
A Meeting of all-party was held in the Rajya Sabha on Friday. The Chairman of Upper House, Mr. Hamid Ansari pushed to end the warfare between the government and opposition, therefore this meeting was held and a deal was made to pass the six bills from Monday. Unfortunately, the meeting broke down regarding the GST bill passage.
Indian Finance Minister Mr. Arun Jaitely believes that if the GST will be rolled out soon then our nation can have 9% growth. As per the sources, Jaitley has made a new bid to pass the GST by ending the deadlock on bill.