GST Implementation Not Disruptive, Best Yet To Come, Says Arun Jaitley

Emphasizing that India has been able to implement the major indirect tax reform GST in the least disruptive manner, Union Finance Minister Arun Jaitley said the best of the new regime in terms of contribution to the society was yet to come.

Prime Minister Narendra Modi today ruled out a single tax rate under the GST, saying Mercedes car and milk cannot be taxed at the same rate adding that accepting Congress party' demand for a uniform 18 per cent rate would lead to a spike in food and essential items' taxation.

Union minister Arun Jaitley said today there was an increase of 18 per cent in direct taxes last year due to the Goods and Services Tax or GST and demonetisation. In the last four years of NDA government, there has been an increase of 1.5 per cent in overall taxes, the minister said.

Former Finance minister P Chidambaram today attacked the government on the first anniversary of the rollout of the Goods and Services Tax (GST), claiming it had raised the tax burden on the common man and had become a "bad word" among people.

On the first anniversary of the GST regime, Prime Minister Narendra Modi today hailed the tax as a tool that has brought growth, simplicity and transparency.

On the completion of one year of the rolling out of the GST plan, the government is to celebrate GST Day today at the Ambedkar International Centre to mark the first anniversary of the launch of the new indirect taxation regime. Terming GST as a "fitting tribute to spirit of cooperative federalism", the Finance Ministry said the first year has been remarkable both for...

Union Minister Piyush Goyal on Saturday said that a telephone helpline number will be started soon, where consumers can report against those traders who evade tax by not issuing purchase bill.

As the Goods and Services Tax (GST) roll-out completes one year on July 1, the Congress on Saturday described it as a "Grossly Scary Tax" and said the promise of a "single tax GST" still remains a pipe dream.

The knitwear capital of India, Tirupur, is facing a crisis with a decline in exports and job losses. Five lakh small and micro industries have been shut down in Tamil Nadu. The city's exports have dwindled from Rs 26,000 crore to Rs 24,000 crore. Apparel exports were already struggling against low-priced goods from China, Vietnam, Bangladesh, Sri Lanka, Pakistan and C...

To sustain the high growth rate India has achieved, the country should carry out banking sector reforms; continue with fiscal consolidation, simplify and streamline GST; and renew impetus on reforms, the International Monetary Fund or IMF said today.

The Vice Chairman of Niti Aayog, Rajiv Kumar says it's impractical to bring petroleum products under GST right now, owing to the state and center's high dependency on taxes that come from petrol and diesel .

Former Finance Minister P Chidambaram today slammed the government for terming the Goods and Services Tax (GST) as a "celebration of honesty", saying if that was the case, why did the BJP oppose it for five years prior to coming to power in 2014.

Prime Minister Narendra Modi in his 45th edition of Mann Ki Baat hailed states for the success of Goods and Services Tax or GST. Describing GST as "a celebration of honesty", the Prime Minister said, "One nation, one tax reform is now a reality...for this I give maximum credit to the states. GST has set a fine example of cooperative federalism and states unitedly cont...

Prime Minister Narendra Modi addressed the nation on Sunday in the 45th edition of his radio programme Mann Ki Baat.