Goa, being a consumption destination, will benefit from the GST, Chief Minister Laxmikant Parsekar said on Wednesday. With this, 50 per cent of States have passed the Bill, paving way for the presidential assent, Chief Minister Laxmikant Parsekar said. The Goa Assembly on Wednesday unanimously passed a resolution ratifying the amendments to the Constitution to […]

A special session of the Telangana Legislature (Legislative Assembly and Legislative Council) has ratified the Constitutional amendment Bill for the Goods and Services Tax today. The GST Bill was moved by Deputy CM Kadiyam Srihari in the council. While the Legislative Council passed the Bill unanimously, The Legislative Assembly debated on the Bill. MLAs for […]

The Nagaland Legislative Assembly on Friday ratified the Goods and Services Tax (GST) Constitution Amendment Bill. The bill was endorsed by the House by a voice vote following a brief discussion. Introducing the bill, Minister for Parliamentary Affairs Kiyanilie Peseyie said the revenue of the state would go up as tax evasionwould be checked due […]

India Inc on Tuesday pressed for keeping GST at a maximum 18 per cent while e-commerce firms sought to be kept out of the new regime, as state finance ministers began consultations on deciding the rate for the unified nation-wide indirect tax. They also demanded relaxation in penal provisions while admitting that April 1, 2017, […]

The Empowered Committee of State Finance Ministers in their meeting on Tuesday raised concerns regarding the financial accountability of GSTN (Goods and Services Tax Network), the IT backbone for GST rollout, and discussed various funding models for it. While some states favoured borrowing from banks, others wanted a contributory corpus for the company. One of […]

Modi government may be on its way to implement India’s biggest indirect tax reform, GST, in several decades, but Google India seems unhappy with the Goods and Services Tax! According to an ET Now report, Google India CFO has met top Indian tax officials, citing resulting difficulties in state wise segregation of cloud services. “International […]

Maharashtra Chief Minister Devendra Fadnavis on August 29 thanked all political parties for ratifying the GST bill during a day-long special session of the state legislature held in Mumbai. Both Houses of the legislature unanimously passed the Goods and Services Tax (GST) Constitutional Amendment Bill, approved by Parliament earlier this month, after a debate. With […]

Industry today pitched for 18 percent GST rate, saying it would generate adequate tax buoyancy without fuelling inflation and also demanded relaxation in the penal provisions. In their interaction with the state finance ministers, industry chambers also said it is difficult for them to meet the April 1, 2017, deadline for rollout of GST as […]

Mizoram Assembly today ratified the Goods and Services Tax (GST) Constitutional Amendment bill by adopting an official resolution, becoming 13th state to have approved the legislation. The state legislature unanimously adopted the official resolution moved by Finance and Taxation Minister Lalsawta after deliberations on the first day of the Assembly. Participants of the discussion, irrespective […]