Page 4 - Gst Bill

GST Bill passed in Lok Sabha

All 443 members of lower house vote in favour of the bill after Jaitley asks for it to be passed

GST Bill passage is not just one party's victory: PM

In his Lok Sabha address on the passage of GST, Modi tried to strike a conciliatory note with all political parties

Economy will have to go through labour pains before GST is delivered

According to experts, GST will hit at the routes of black economy, as avenues for generating black money will be reduced to alcohol and real estate

Lok Sabha to take up GST Bill today

The Rajya Sabha had passed the Bill with some amendments , which are needed to be again approved by the Lok Sabha

Making GST work for India Inc

Businesses have only 240 days to realign their systems and processes in line with the new indirect tax regime in the country. Experts share their views on the steps that will help them become GST-ready

Letters: Ambitious FM

With reference to "Centre may take money bill route for next GST laws" (August 5), one tends to agree that the government and the Bharatiya Janata Party (BJP) are confident of a smooth legislative journey for the goods and services tax (GST) in the next few months, both in state Assemblies and Parliament. But it would be naïve on their part to "hard sell" the just achieved half victory in the Rajya Sabha by counting the chickens before eggs are hatched.One wonders why Finance Minister Arun Jaitley did not mince words about what lies at the core of his heart after his predecessor P Chidambaram batted for imposing a cap of 18 per cent on GST in Rajya Sabha by stressing strong "possibilities" of higher inflation stepping in soon after its implementation? Even the "reported" remarks of Thomas Issac, Kerala's finance minister, can't be taken by Jaitley as an alibi for making out a case for putting the proposed standard GST rate at around 20 per cent at this early stage. He must not forget

Letters: GST 'carrot'

The passage of the GST Bill in the Rajya Sabha could be cause for jubilation for some, but it has different ramifications for different sections of society. The consumer and individual taxpayer is hit the hardest as GST doesn't lower indirect taxes in a big way. While it intends to spur manufacturing, the services sector will pay through its nose under GST. What is the assurance that the Centre won't roll out GST as a money bill, bypassing the Upper House?Hansraj Bhat MumbaiLetters can be mailed, faxed or e-mailed to:The Editor, Business StandardNehru House, 4 Bahadur Shah Zafar MargNew Delhi 110 002Fax: (011) 23720201E-mail: letters@bsmail.inAll letters must have a postal address and telephone number

Auto to benefit most from GST: Moody's

Short term sovereign credit implications limited

Modi to intervene during GST Bill debate in Lok Sabha

Opposition had attacked Modi for not intervening during the debate on the bill in the Rajya Sabha on Wednesday

India Inc gears for compliance costs

However, over a period of two years from the time of roll out of GST, tax experts expect compliances costs to come down as the new tax system stabilises

GST: What played out behind the scenes

Anybody who has seen the gigantic volumes and their conflicting definitions would recognise that GST could not have emerged without their reconciliation

Media, entertainment industry to gain from tax set-off

The passage of the Constitution Amendment Bill by the Rajya Sabha for introduction of the GST is expected to have a positive impact on the media and entertainment sector

GST may push up prices of branded apparel

Tax incidence could increase by at least 3-4%

Govt may take Money Bill route for subsequent GST laws

Government also hopes to continue to isolate the Congress, both on the ground as well as in Parliament

Market traders struggle to fully price in GST gains

Experts say the minor correction can be attributed to profit-booking

Bollywood hails passage of GST Bill

Shah Rukh Khan, Ayushmann Khurrana and Kunal Kohil have expressed their happiness over the passing of national sales tax or GST Bill

GST cleared: Timeline of this historic reform

Long and tedious GST journey, from 1993 to 2016

GST Impact: Pain points in e-commerce remain

E-commerce biggies are happy that the move to pass the bill brings clarity in the online business space

Miles to go for a smooth journey

After necessary approvals, alignment of Assemblies and Parliament sessions' timings to play crucial role

Barring five, all petroleum items under GST regime

Products like kerosene, naptha and LPG will be under the ambit of GST