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GST: All you need to know

06-08-2016

GST Bill passed: One country, one tax!

From the time when the highest personal income tax rates in the country were as crippling as 97% to 34.6% today, India has come a long way in rationalising its tax structures, and Wednesday's ratification of the Constitutional Amendment Bill for GST is possibly the culmination of a long journey that began in 1991 - and, as in the case of GST which was originally kicked off by the UPA in 2006, the reforms have been pushed forward by all parties. Read more here.

From Jaswant Singh to Arun Jaitley, GST’s 13-year journey

Soon after the Fiscal Responsibility and Budget Management Act was notified in 2003, Finance Minister Jaswant Singh wanted to know from senior officials how they planned to go about implementing the new law that bound governments to reducing the fiscal deficit and revenue deficit annually, and meet fixed targets. Read more here.

How landmark reform GST will affect you

The Rajya Sabha on Wednesday passed the Constitution Amendment Bill for GST rollout. The Goods and Services Tax, which was first proposed a decade back, is seen as potentially transformative for India's economy, adding as much as 2 percentage points to the GDP while also improving the ease of doing business and encourage investment in manufacturing. Most items are set to become costlier or cheaper under the GST regime. Here's why you should smile or frown. Read more here.

How GST impacts common man

The historic legislation promises to unify the tax system for the nation and increase the GDP by 2 per cent. So while services could get more expensive, it's a mixed bag for consumers for goods. But how does it impact you? Here is quick cheat sheet on how this tax legislation will impact your budget. Read more here.

10 stocks that will benefit from biggest tax reform

Indian stock markets have rallied sharply in the run-up to the passage of the Goods and Services Tax (GST) Bill. The GST will replace a number of indirect taxes and levies in 29 states, transforming Indian into one market. Analysts say the move could boost India's economic growth by up to 2 percentage points. Read more here.

These 9 stocks will pinch your portfolio after GST roll-out

Finance Minister Arun Jaitley along with Prime Minister Narendra Modi must be two happiest men after Rajya Sabha cleared the Goods and Services Tax (GST) Bill late on Wednesday, but you should not be, if you hold stocks from the sectors staring at losses post GST implementation. Read more here.

GST passed: How fierce conflict between Congress, BJP changed into total consensus

The Monsoon session of Parliament 2016 will go down in history as the one which passed the landmark The Constitution (122nd Amendment) (GST) Bill, 2014 with 203 Ayes and 0 Noes. The AIADMK which had wanted six amendments, as expected walked out after registering their point. All present and voting in Rajya Sabha were for passage of the Bill. No one opposed it. Read more here.

GST rollout by April 2017: Revenue secretary Hasmukh Adhiya points out 7 hurdles

While the Central government appears determined to rollout Goods and Services Tax in the country by April 1, 2017, there are still several hurdles that need to be tackled to meet the "stiff" deadline, according to Revenue secretary Hasmukh Adhiya. Read more here.

WATCH: Panel explains impact of GST Bill on consumers

GST complete coverage

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