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tax reform

Ready or not, Indian businesses brace for biggest-ever tax reform

Ready or not, Indian businesses brace for biggest-ever tax reform

Wed, Jun 28, 2017

Businessman Pankaj Jain is so worried about the impending launch of a new sales tax in India that he is thinking of shutting down his tiny textile factory for a month to give himself time to adjust.

GST draft bills tabled in Parliament; peg peak rate at 40%

GST draft bills tabled in Parliament; peg peak rate at 40%

Tue, Mar 28, 2017

With this, rollout of GST - the biggest tax reform since independence - has entered the last lap and its passage by Parliament will pave the way for integrating India as one market with one rate of tax replacing multiple state and central levies.

16 years in making: Rajya Sabha passes GST Bill, finally

16 years in making: Rajya Sabha passes GST Bill, finally

Wed, Aug 03, 2016

The much awaited GST bill has finally been passed by the Rajya Sabha on Wednesday with a unanimous vote in favour of the bill. The GST bill that seeks to amend the constitution was a matter of long standing debate in the Rajya Sabha.

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GST implementation: Way forward for India’s biggest tax reform

GST implementation: Way forward for India’s biggest tax reform

Tue, Aug 02, 2016

The fate of India’s biggest tax reform since 1947 is still hanging in the balance, and is expected to be cleared by the Rajya Sabha on August 3. The GST bill was passed in the Lower House of the Parliament in 2015 and its approval process is nothing less than complicated.

Services to become more expensive after GST?

Services to become more expensive after GST?

Tue, Aug 02, 2016

The crucial Goods & Services Bill (GST) may finally be in the final stages of being approved by the Rajya Sabha where it has been stuck for over an year.

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