"GST gives a feeling that market in India is one now and there are no barriers between regions or provinces," she said.
Meanwhile, the benchmark BSE Sensex recovered 147.50 points, or 0.50 per cent, to 29,315.18 points in early trade today.
13 Indian immigrant billionaires are based in the UAE.
The country’s Gross Domestic Product (GDP) grew at 7 per cent in the third quarter of 2016-17.
The unique identification number Aadhaar may become the single identify card in future, Jaitley said.
Arun Jaitley said, "Tax buoyancy has improved in the last two years."
The deadline for migration registration for GST is still March 31, though there are indications that the last date might be extended.
The Union Cabinet this week cleared four supplementary GST legislations which will be introduced in Parliament in the ongoing budget session
The Union Cabinet this week cleared four supplementary GST legislations which will be introduced in Parliament in the ongoing budget session.
Govt will soon come out with roadmap to further simplify FDI approval: Das
On the other hand, there are many economists and experts who have lauded demonetisation saying it will help clean the system.
The government has proposed this rule through an amendment today to the Finance Bill, which is being discussed in the Parliament.
Jaitley, while defending the move to make amendments, invoked first Lok Sabha Speaker G V Mavalankar.
The CSO had projected the same growth rate in the first advance estimates released on January 6.
According to the agency, NBFCs' funding profiles will broadly remain stable, and funding costs should moderate gradually, given the reduction in systemic rates.
The GST regime is expected to make the tax administration efficient
Massive capital inflows on hopes of more reform measures following BJP win in state polls spurred the rupee.
In last fiscal the collection from Clean Environment Cess from across India was Rs 13,847.87 crore.
The four supporting legislations -- the Compensation Law, the Central-GST, Integrated-GST and Union Territory-GST-- would be introduced as Money Bill, sources said.
Maharashtra might have clocked an impressive growth rate last year, but when it comes to the Micro Small and Medium Scale Enterprises (MSME), the figures are not so impressive. As per the Economic Survey 2016-17, the financial year 2015-16 was marked by a dip in employment generated in the sector as well as a four-year low […]
The total value of attachments in the National Spot Exchange Limited (NSEL) case by the ED at present stands at Rs 2,554 crore.
"I strongly doubt that the demonetisation exercise will root out corruption and engender more transparency," Austrian economist Heinz D Kurz said.
Sources said the Cabinet meeting has been called for Monday morning and the agenda list may not be very long.
The latest inflow follows a net investment of Rs 15,862 crore in equity and debt last month.
Earlier this week, the Board of Directors of the e-commerce firm issued a statement backing Radhika and Sethi.
Tax rates on various goods and services to be decided in a revenue-neutral way
Other major extra spending includes Rs 782 crore for providing grants for the creation of capital assets under Pradhan Mantri Awas Yojana.
In addition, a cess would be levied on demerit and luxury goods, the proceeds of which will be utilised to compensate the revenue loss incurred by states on roll out of GST regime.
Jaitley made the remarks while making an intervention during a debate on the demands for grants for the Defence Ministry.
Jaitley further said the Rs 500 and Rs 1,000 notes returned to currency chests of the RBI amounted to Rs 12.44 lakh crore (as on December 10, 2016).
Responding to the move, in early trade on Thursday, the rupee hit a one-year high of 65.4 against the dollar.
Sensex that fell 3.5% between Nov 8 and Dec 30 has gone up by 12.6% since then and closed at 29,585.8 on Thursday
Denis Manturov, minister of industry and trade of Russian, is leading a high-level 120-member delegation.
Cess on pan masala, tobacco capped at 135% and 290%, respectively
Jaitley said the GST Council will meet again on March 31 to approve rules after which fitting goods and services in the four-slab tax structure of 5, 12, 18 and 28 per cent will be taken up.
The body, which was transformed from its erstwhile form of Planning Commission by Prime Minister Narendra Modi, has proposed that it would hire talent as advisers for a variety of sectors with salaries expected to be around Rs 2.88-3.64 lakh/month, reported the Financial Express.