Adhia also dismissed fears that GST implementation will lead to a spurt in prices, saying that unlike in other countries, the transition to the new tax regime would be smooth in India.
After having opted for multiple rates under the upcoming goods and services tax (GST) regime, India is now looking to keep variations in rates.
Chennai: Credit rating agencies like CIBIL, Experian, LexisNexis, are often the first to spot instances of duplicate PAN cards, but today even chartered accountants (CAs) are finding their clients unearthing information on duplicate PAN cards. With the government mandating that citizens must link their Aadhaar, GST registration to their PAN card, such cases are surfacing […]
Education, healthcare and pilgrimages will continue to be out of service tax net even under the GST regime as the Centre is against giving any shock in the first year.
This, they said, would mean that the GST related software will have enough time for trial runs as well as for debugging and transfer of data.
Private education could cost 2-3% more if taxed at the lowest slab of 5% under the Goods and Services Tax (GST).
Government services such as issuing of passport, birth certificate and driving licence would attract the goods and services tax (GST).
GST rate on housing is expected to be pegged at 18% with a final decision expected to be announced over next few weeks.
the Lok Sabha on Wednesday passed four Bills, relating to the implementation of the Goods and Services Tax (GST), following a marathon nine-hour debate.
Four Bills related to the Goods and Services Tax or GST will be debated in the Lok Sabha or lower house of Parliament today.
GST – List of New of GST Commissionerates and report on Re-Organisation of Central Excise and Service Tax Departments (CBEC) for GST Implementation
These GST bills are all money bills, which means that the Rajya Sabha’s suggestions are not binding on the Lok Sabha. It can reject any suggestions.
Re-organisation of Central Excise Department for GST Implementation – CBEC renamed as CBIC GST wing of CBIC to consist of 101 GST Tax Payer Services Commissionerates, 5 sub-Commissionerates, 768 Divisions, 3969 Ranges, 49 Audit Commissionerates and 50 Appeals Commissionerates Press Information Bureau Government of India Ministry of Finance 25-March-2017 12:17 IST FM approves the re-organisation […]
The Union Cabinet this week cleared four supplementary GST legislations which will be introduced in Parliament in the ongoing budget session.
I can only assure you that there is no reason for disquiet, you can go and have a comfortable sleep tonight,” Jaitley told the revenue officials.