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Goods and Service Tax Bill News
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Here are 17 key features of supplementary GST bill passed by Lok Sabha
Thu, Mar 30, 2017
The Lower House of Parliament on Wednesday gave its approval to four bills of the Goods and Service Tax (GST) stipulated to be rolled out by July 1. The Central GST bill was introduced in the Lok Sabha on March 27 and was one of the bills passed by the government.
ITC rallies as GST council caps tax on tobacco and cigarettes
Fri, Mar 17, 2017
Motilal Oswal said, "Cap announced on the cess applicable on the 5 commodities under the GST, to bring the GST rates on these commodities closer to the existing ones. The GST progressed further. Some clarity on rates could bring upsides to stocks like ITC."
India's January M&A and PE activity jumps 55%
Sun, Feb 12, 2017
"January witnessed around 125 transactions contributing over US$3 bn, which is a 55 per cent increase in values over the same month last year," Prashant Mehra, Partner at Grant Thornton India, was quoted as saying in a statement.
Rating agencies several notches behind India's reality: Das
Sun, Feb 05, 2017
Taking a dig at global rating agencies for failing to upgrade India's sovereign rating despite significant improvement in macroeconomic parameters, Economic Affairs Secretary Shaktikanta Das has said the agencies are several steps behind from reality and are missing out on something which only they can best explain.
Budget 2017: World Gold Council demands lowering of gold taxes from current 13%
Mon, Jan 23, 2017
"Total taxes on gold is about 13% at present. This has to come down, between GST and Customs duty, to a reasonable level so that there is no incentive to grey market," Somasundaram P R, head of the WGC's India operations, told PTI.
Total PE into real estate jumps 62% to Rs 38,000 crore in 2016
Mon, Jan 16, 2017
"The performance was due to increased confidence shown by investors post the Parliament's passage of RERA [Real Estate (Regulation & Development) Bill] and GST (goods and services tax)," JLL India managing director (Capital Markets) Shobhit Agarwal said.
GST Council to meet officials of six crucial sectors today
Tue, Jan 03, 2017
The meeting which will start from today will be held in New Delhi.
From GST to Demonetisation: Six major events that rocked Indian economy in 2016
Fri, Dec 30, 2016
The year of 2016 has been an eventful one for the Indian economy. While the parliament passed the GST Bill which is expected to boost growth, the demonetisation drive by Prime Minister Narendra Modi is expected to contract economy in the near-term.
GST Council finalises compensation rules; next meet on Jan 3
Fri, Dec 23, 2016
The two-day long Goods and Service Tax (GST) Council meeting, which was chaired by Finance Minister Arun Jaitley ended today. Along with Jaitley, state ministers were also present as members in this seventh meet.