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Saturday 16 August 2025
Last Updated : GMT 09:40:38
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national sales tax

India finalizes bills to launch GST in July

Themuslimchronicle, themuslimchronicleIndia finalizes bills to launch GST in July247576/84
New Delhi - Arab Today
India moved a step closer on Saturday toward launching a new national sales tax from July after a panel of federal and state finance officials finalized two key bills to be put before the Parliament. The Goods and Services Tax (GST) has missed several launch dates. On Saturday, Finance Minister Arun Jaitley said the measure is on track for aRead more

Finance chiefs fail to break GST deadlock

Themuslimchronicle, themuslimchronicleFinance chiefs fail to break GST deadlock213971/84
New Delhi - Arab Today
Indian federal and state finance officials have failed to resolve a deadlock on who would administer a new national sales tax that Prime Narendra Modi wants to launch in April. The long-awaited Goods and Services Tax (GST) would transform Asia’s No.3 economy into a single market, could boost revenues through better compliance and make life simpler for businesses that nowRead more

India’s GST will come on time, but will dilute benefits

Themuslimchronicle, themuslimchronicleIndia’s GST will come on time, but will dilute benefits213813/90
New Delhi - Arab Today
India moved a step closer to creating a national sales tax but a deal on rates reached on Thursday will hit some businesses harder than others, while its complexity will dilute any boost to growth and undermine its reliability as a revenue generator. The Goods and Services Tax (GST), due to be rolled out from April 1, 2017, had beenRead more

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