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  • GST Bill Passed: the Biggest Indirect Tax  Reform since Independence.

    New Delhi: The Goods and Services Tax ( GST) bill was cleared by Indian Parliament on Tuesday, after it got the Lok Sabha’s approval by 443 to nil votes.

    This is the biggest indirect tax reform since India’s Independence and it is expected to change the way of trade and commerce in the country. Moreover, it will bring about a drastic change in the tax revenues of the States in the Indian Union.

    By NE Reporter on August 9, 2016

     

    GST bill
    New Delhi: The Goods and Services Tax ( GST) bill was cleared by Indian Parliament on Tuesday, after it got the Lok Sabha’s approval by 443 to nil votes.

    This is the biggest indirect tax reform since India’s Independence and it is expected to change the way of trade and commerce in the country. Moreover, it will bring about a drastic change in the tax revenues of the States in the Indian Union.

    Prime Minister Modi hailed the bill and thanked the Opposition for the unity in passing the bill.

    However, BJP leader Subramanian Swamy raised doubts about the GST Bill. “I am confident Smart Cities will be a reality in 2018 but not sure if the future GST Act can survive in SC because of GSTN– a PC time bomb,” Swamy tweeted on Tuesday morning.

    Iscea

    NE Reporter

    Goods and Services Tax BillGST BillIndian ParliamentIndirect Tax  Reform

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    • Sabyasachi Launches Digital Boutique for India
    • Trump Dials Putin, Discusses Holding Trilateral Meeting with Zelensky: Kremlin
    • SC Dismisses NCPCR’s Plea Challenging Reduced Marriage Age for Muslim Girls
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    • Sabyasachi Launches Digital Boutique for India
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    • SC Dismisses NCPCR’s Plea Challenging Reduced Marriage Age for Muslim Girls
    • Galaxy Health Insurance Partners with Round Table India
    • Milma’s TRCMPU to Launch Bottle Milk on August 19; Priced at Rs. 70 a litre

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