The Jammu and Kashmir Goods and Services Tax Bill 2017, moved by Finance Minister Haseeb Drabu, was adopted by a voice vote in the absence of opposition parties which accused the PDP-BJP government of undermining the special status of the state.
The GST Council, in its 14th round of deliberations in Srinagar over two days, focused on the approval of the GST rules, the fitment of over 1,200 commodities into the five pre-announced tax slabs and the tax rates on services. The Council decided to tax services under four slabs of 5 per cent, 12 per […]
Claiming that demonetisation has affected country’s growth, a major central revenue body has asked Finance Minister Arun Jaitley not to implement Goods and Services Tax (GST) in a hurry and threatened to take legal recourse in case their concerns are not addressed. It termed as “illegal” certain decisions taken by Jaitley-headed GST Council and demanded […]
The deadlock over the Goods and Services Tax continued with the Centre and states refusing to budge from their respective positions on issues like control of tax payers and taxing high sea trade, a stalemate that threatens to delay the rollout till September. The two-day meeting of the all-powerful GST Council made little headway in […]
The government is considering bringing the three GST-related Bills as money Bills disregarding the Congress’s demand seeking their introduction as financial bills. The introduction of the GST Bills as money Bills will ensure faster passage as these are required to be voted only in Lok Sabha where the ruling party has a clear majority. On […]