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Finance Minister Arun Jaitley will be meeting the state finance ministers on Tuesday and thereafter the Government will be listing the delayed GST bill in the Rajya Sabha for further discussion. Jaitley will discuss the proposed amendments regarding the GST legislations passed by the Lok sabha with the state finance ministers.
More than 55% of the Rajya Sabha members supported the Government’s Goods and Services Tax legalization. Most of the Regional Parties like J Jayalalitha’s AIADMK and Mayawati’s BSP fully supported GST in parliament. Along with BJP’s 53 MPs, 55% of the strength of the total 243 MPs totally gave their support to the Bill account.
The two giants of their commune, Mr. Nitish kumar – Bihar Chief Minister & Janta Dal Chief along with Mr. Arun Jaitley – Union Finance Minister had a discussion over the hot topic of GST on which Bihar CM gives an encouragement. Since UPA government’s period, when JDU was a regional party it has supported tax reforms & Nitish backing up the GST is no amazement.
Chennai: Goods and Services Tax Bill is a strong yet simple platform in India, which can deal with the import/export of goods inside the state boundaries, said the industry body Assocham denoting GST as the ‘Brahmastra’ of the country.
The Indian economist and currently chairperson of the Forum of Federations, Mr. Vijay Kelkar believes that the introduction of Goods and Services Tax (GST) will play an important role to push the economic growth of India rapidly.
An excise or excise duty is the indirect tax, which is paid on the sale of a particular good. The reason behind why they are called indirect tax because the government does not apply the tax straight forward. There is an intermediary, which is either the merchant or the producer who pays the tax to […]
Goods and Services Tax is the most important taxation reform in India since independence as it breaks the currently indirect tax regime and makes a single market for a dozen state levies. Every newspaper is making a headline about the GST at their front page.
GST Stands for Good and Services Tax that is a vital regime of India. It is the biggest indirect tax reform since independence. It would be levied when a consumer will buy a good and service.
The Indian Finance Minister, Arun Jaitley held a meeting on Tuesday to make changes with the opposition party Congress. He believes that these demands can “damage” the new system compared to its benefits.
