What is required to pass GST??!

Constitutional Amendment Bill has to get: 2/3rd majority in Lok Sabha (LS) – Already passed 2/3rd majority in Rajya Sabha (RS) i.e. vote of 161 members of total 242. (Currently NDA has 58 members and even if potential 35
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Highlights of New Proposed Goods & Service Tax (GST)

1. The basic principal governing behind GST is to have single Taxation System for Goods and Services across the country. Currently Indian economy has various taxes on Goods and services such as VAT, Service Tax, Excise, Entertainment Tax, Luxury
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GST Bill Passed in Lok Sabha

Lok Sabha passed the Goods and Service Tax, or the GST Constitutional Amendment Bill on Wednesday amid furore in the Parliament with the Congress staging a walkout. The bill was passed in Lok Sabha with 352 Votes in favour
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FEATURES OF GST MODEL FOR INDIA

Keeping in view the report of the Joint Working Group on Goods and Services Tax, the views received from the States and Government of India, a dual GST structure with defined functions and responsibilities of the Centre and the
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GST will transform India’s Fiscal Architecture: Jayant Sinha

NEW DELHI: The GST roll out will prove to be a revolutionary step and has potential to transform the “fiscal architecture” of the government, Minister of State for Finance Jayant Sinha said today. “In some ways it is as
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Goods And Services Tax ( GST ), Tabled in Lok Sabha

Cabinet has introduced biggest indirect tax reforms Goods and Services Tax (GST) in the Lok Sabha to roll out the ambitious indirect tax regime from April, 2016. On Wednesday cabinet has given assent to the revised constitution amendment bill
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