‘Good and Simple Tax’: India Switches to GST

India’s landmark indirect tax reform, i.e, Goods and services Tax, finally became a reality. The new tax regime began with the speech of the President of India. Under the new tax regime, all the prevailing...

GST Roll Out on July: Council approves Rules

The Fifteenth Meeting of the GST Council held at New Delhi cleared the pending rules, including transition provisions and returns. In the meeting chaired by Finance Minister Jaitley, all the states agreeing to July 1...

15th Meeting of the GST Council to be held tomorrow

Approval of amendments to the draft GST Rules and related forms and Finalisation of the rates of tax and cess on the remaining commodities are on the Agenda among others for tomorrow’s meeting.  The Union...

GST Roll Out: Council approves Draft Rules

In a major move to roll out GST in the coming July, the Goods and Services Tax (GST) Council approved the drafts of four sets of rules and finalised five others on Friday. The council,...

Rajya Sabha passes Finance Bill, 2017 with Five Amendments

The Rajya Sabha, today passed the Finance Bill with five amendments.The Lok Sabha, last week had given assent to the Bill with some major amendments. While replying to the debate on amendment, Finance Minister Arun Jaitley strongly...

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