Tag Archives: GST

SEVENTY THIRD REPORT OF PARLIAMENTARY STANDING COMMITTEE ON FINANCE (2012-13) ON CONSTITUTION (ONE HUNDRED FIFTEENTH AMENDMENT) BILL, 2011 PRESS RELEASE, DATED 7-8-2013 COMPOSITION OF STANDING COMMITTEE ON FINANCE (2012-13) Shri Yashwant Sinha – Chairman MEMBERS LOK SABHA 2. Shri Suvendu Adhikari 3. Dr. Baliram 4. Shri Sudip Bandyoypadhyay* 5. Shri Udayanraje Bhonsle 6. Shri Nishikant… Read More »

TAX REFORMS:INTRODUCTION OF GOODS AND SERVICES TAX INFORMATION BULLETIN NO.LARRDIS(EF)2014/IB-11, DATED DECEMBER 2014 Introduction The Kelkar Task Force on the implementation of Fiscal Responsibility and Budget Management (FRBM) Act, 2003, had pointed out that the existing system of taxation on goods and services suffers from many problems and, therefore, suggested a comprehensive Goods and Services… Read More »

January 7, 2016 The government said on Thursday it agreed to accept demands set by the Congress party to back a landmark tax reform, raising hopes a political standoff that blocked the measure throughout last year might be resolved. Parliamentary Affairs Minister Venkaiah Naidu also said the government was willing to bring forward the next… Read More »

Committee headed by the Chief Economic Adviser Dr. Arvind Subramanian on Possible Tax rates under GST submits its Report to the Finance Minister; On the Revenue Neutral Rate (RNR), the Committee recommends the same in the range between 15 percent and 15.5 percent (Centre and states combined) with a preference for the lower end of… Read More »

REPORT OF SUB-COMMITTEE-II ON MODEL GST LAW