-The Hindu India is the only large country that is experiencing an economic divergence among its States. “Real freedom lies in economic freedom,” said Tamil Nadu Chief Minister Jayalalithaa, in her Independence Day speech this year. The subtle reference here was to the Goods and Services Tax (GST) Bill, which her party, the All India Anna Dravida Munnetra Kazhagam, did not endorse, the only political party to do so in Parliament, on...
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50% of states expected to approve GST by early September -Sidhartha & Surojit Gupta
-The Times of India NEW DELHI: With half the state legislatures expected to ratify the Constitution amendment bill to roll out goods and services tax (GST) by early September, the Centre is now moving to the next stage — deciding on the contentious issue of fixing the rates — so that the ambitious reform initiative is in place by April. Sources said the finance ministry is set to hold consultations on the...
More »GST: Tax rate likely to be higher than 18%
-The Hindu The decision will be taken by GST Council, comprising Union and State Finance Ministers: Adhia. A day after the Bill to amend the Constitution was approved by the Rajya Sabha, paving the way for the Goods and Services tax (GST), the Centre seemed to concede that the rate at which the new indirect tax will be levied on most goods is likely to be higher than 18 per cent. While the...
More »Goods and Services Tax (GST), explained
-The Indian Express The Goods and Services Tax (GST), the biggest reform in India’s indirect tax structure since the economy began to be opened up 25 years ago, at last looks set to become reality. The Constitution (122nd) Amendment Bill comes up in Rajya Sabha today, on the back of a broad political consensus and boosted by the ‘good wishes’ of the Congress, which holds the crucial cards on its passage....
More »Can the BJP take back the Rajya Sabha after the Assembly elections? -Aditi Phadnis
-Business Standard In the balance hangs the GST Bill, which enjoys some support across the aisle, but has been blocked in the Upper House by the Congress and some of its allies Will this be the year the BJP-led NDA gets a working majority in the Rajya Sabha? Consider that nearly 75 MPs in the Rajya Sabha will retire and be replaced by new faces. Some of them – like Venkaiah Naidu, Nirmala Sitharaman...
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