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Government functionary claims talks over a ‘ring-fenced’ GST rate sensible

Edit Indian Express 09 Jul 2016
Union Finance Minister Arun Jaitley along with finance ministers of all states during a conference on GST Bill. (Source. Express photo by Partha Paul) ... Share This Article. Related Article. Freezing of GST rate ... 6, slideMargin ... After the Constitution Amendment Bill is passed in Parliament, there are three more legislations – Central GST (CGST), State GST (SGST) and Integrated GST (iGST) – which are required to be passed ... ....

GST will hike solar industry costs

Edit Deccan Herald 05 Jul 2016
India is planning to have a dual GST system, where the Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST) will be levied on all goods and services, barring a few exemptions such as petroleum products and real estate ... In such a scenario, if the GST is implemented, then both CGST and SGST will be levied on the imported as ......

Jaitley may reach out to Congress for GST passage

Edit The Times of India 05 Jul 2016
New Delhi, Jul 5 () Keen to get the landmark GST Bill cleared during the ensuing Parliament session, Finance Minister Arun Jaitley is likely to meet top Congress leaders to win over support of the principal opposition party ... After the Constitution Amendment Bill is passed in Parliament, there are three more legislations - Central GST (CGST), State GST (SGST) and Integrated GST (iGST) - which are required to be passed ... JD DP ANZ MKJ....

Navigating goods and services in GST

Edit Yahoo Daily News 23 Jun 2016
After a long lull, there is a renewed hope on the introduction of the Goods and Services Tax (GST) from April 1, 2017 ... The law comprises 25 chapters that provide the framework for levy and collection of Central GST (CGST), State GST (SGST) and Integrated GST (IGST), and the related provisions on registrations, tax payments, input tax credits, returns, refunds, audits, appeals, etc ... On the flip side, the law raises fresh concerns....

e-commerce to come under GST

Edit The Times of India 15 Jun 2016
The model GST law approved at the state finance ministers' meeting in Kolakata on Tuesday says ... All forms of "supply" of goods or services such as sale, transfer, barter, exchange, license, rental, lease and import of services of goods and services made for a consideration by will attract CGST (central levy) and SGST (state levy) ... The liability to pay CGST or SGST will arise at the time of supply ... --IANS. bc/vd ... RELATED....

GST inches closer to reality as states unite

Edit The Times of India 15 Jun 2016
KOLKATA/NEW DELHI ... The states did not mention any need for incorporating the GST rate in the Constitution Amendment Bill ... "As far as future roadmap is concerned the timetable really is that we will try and see that the Constitution amendments are approved in the monsoon session, and therefore, by the end of the year we must have the CGST and SGST legislations in place.Thereafter, the IGST will need to be passed by the Centre also....

GST all set to be passed? ‘No deadline’, but NDA isolates Congress

Edit Yahoo Daily News 15 Jun 2016
On the constitutional cap on the GST rate, finance minister Arun Jaitley said ... Then Parliament will have to pass the CGST Bill and states the SGST Bills.” He also reiterated that the Centre was “flexible” on the proposal to have a 1% tax on interstate supplies for two years to help the manufacturing states, which fear losing their current revenue advantage once GST, a destination-based tax on consumption, is implemented ... Model GST law....

Finance ministers to meet in July too on pending GST issues: Jaitley

Edit The Times of India 14 Jun 2016
But then the schedule would be, first the constitutional amendment (to be approved by the parliament), it's ratification by the states, the passage of the CGST and IGST by the parliament, and the passage of SGST by all the states," Jaitley told media persons on the sidelines of a meeting of the Empowered Group of Ministers on the GST here....

All states support GST, barring Tamil Nadu: Jaitley

Edit Deccan Herald 14 Jun 2016
Virtually all states have supported the idea of GST except Tamil Nadu which has "some reservations", Finance minister Arun Jaitley said today after a meeting of Empowered Committee of state FMs on the long awaited indirect tax reform ... Then Parliament will have to pass the CGST Bill and states the SGST Bills" he said ... Now it is left to the GST council." ... Then the CGST and SGST legislations will be put in place." ... ....

All online purchases to attract GST, model law says

Edit The Times of India 14 Jun 2016
NEW DELHI. All purchases made online will attract a uniform goods and services tax, likely to take effect from April next year, according to the model GST law approved by state finance ministers on Tuesday ... The appellate authority shall comprise the chief commissioner of CGST and the commissioner of SGST ... Besides, the CGST law has to be approved by the Centre and each state will pass its own SGST law ... RELATED. From around the web....

All states, except Tamil Nadu, support GST, says Arun Jaitley

Edit The Times of India 14 Jun 2016
KOLKATA. Virtually all states have supported the idea of GST except Tamil Nadu which has "some reservations", finance minister Arun Jaitley said on Tuesday after a meeting of empowered committee of state FMs on the long awaited indirect tax reform ... Chairman of GSTN and revenue secretary Hasmukh Adhia were also present ... Then Parliament will have to pass the CGST Bill and states the SGST Bills" he said ... RELATED. From around the web....

Jaya voices opposition to GST, says will impact fiscal autonomy of Tamil Nadu

Edit Deccan Chronicle 14 Jun 2016
New Delhi ... Jayalalithaa-led AIADMK has 13 MPs in the Rajya Sabha where the BJP-led NDA government is in a minority and looks to its support on crucial issues and legislations. The party has 37 MPs in the lower house ... "We strongly object to the provision for the GST Council ... Further, the memorandum said, as this comes out of the CGST component, it does not affect the destination state's revenue or cause any cascading ... ....

Virtually every state supports GST now: Jaitley

Edit Yahoo Daily News 14 Jun 2016
Kolkata, June 14 (IANS) Short of committing to an April 1, 2017 deadline, Finance Minister Arun Jaitley on Tuesday signalled much progress in a pan-India goods and service tax regime, thanks to an okay from all states save one, while rejecting demands for specifying the tax rate in the bill itself ... And therefore, by the end of the year, we must have the CGST (central) and the SGST (state) laws in place," he said ... 1.5 crore ... --IANS....
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