Central Sales Tax
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Logistics Players Can Gain 30% on Cost From GST: Crisil
Goods and Services Tax (GST) implementation will help reduce logistics costs for companies by up to 30 per cent over 3-4 years due to savings in warehousing cost and elimination of check-posts, rating agency Crisil said on Tuesday.
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Centre Includes Compensation in GST Amendment Bill
To a written question on whether the compensation in GST has been incorporated in the Constitutional Amendment Bill, Minister of State for Finance Jayant Sinha said: "Yes".
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Centre to Release Rs 7,000 Crore to Andhra Pradesh Government
The Centre has agreed to release Rs 7,000 crore to Andhra Pradesh as Central Sales Tax compensation for financial year 2010-11, state Finance Minister Yanamala Ramakrishnudu said in Hyderabad today.
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Government to Release Rs 11,000 Crore CST Compensation to States
A day ahead of his meeting with state finance ministers, Union Finance Minister Arun Jaitley said on Wednesday that the government will soon release Rs 11,000 crore towards Central Sales Tax (CST) compensation, as part of consensus building for Goods and Services Tax (GST) rollout.
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Arun Jaitley Meets State Ministers, Raises Hopes of Early Implementation of GST
Displaying visible signs of urgency to build a rollout roadmap which can become part of the Narendra Modi government's first budget, Union Finance Minister Arun Jaitley today told the states that some of their concerns on the Goods and Services Tax, or the GST, would be addressed.
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Finance Ministry's fuel prices may turn refineries 'sick': industry association
Finance Ministry's move to drastically change the way petrol and diesel are priced may sound the death knell for some of the domestic oil refineries, an industry association has warned.
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Government will contain fiscal deficit, pursue reforms: Finance Minister
The government will take all steps to contain fiscal deficit and pursue reforms to deal with economic challenges, Finance Minister P Chidambaram said today.
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Budget will outline amendments to Constitution on GST: Chidambaram
Finance Minister P Chidambaram today said he would outline amendments to the Constitution on the Goods and Services Tax (GST) in his Budget speech if there is consensus among states on the issue.
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Pranab Mukherjee urged to solve Central Sales Tax issue before demitting office
States have asked Finance Minister Pranab Mukherjee to resolve the issue of payment of compensation for reduction in Central Sales Tax (CST) rate before demitting his office
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Centre willing to consider CST compensation issue: Sushil Modi
Although CST is levied by the Centre, the revenue goes to the state government and the state from which movement of goods commences gets revenue.
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Jayalalithaa writes to PM on Central Sales Tax
The Tamil Nadu government on Saturday said that non-implementation of the Goods and Service Tax (GST) from April 1, 2010 should not be the ground for stopping Central Sales Tax (CST) compensation to states, whose revenue loss is "substantial and permanent".
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Compensate for CST loss or raise rate to 4%: States ask Centre
"Due to financial constraints, if the Government of India in not in position to continue to pay CST compensation to the States, then CST rate may kindly be restored to 4 per cent from April 1, 2012," Empowered Committee of state finance ministers Chairman, Sushil Modi, said in a letter to Mukherjee.
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Logistics Players Can Gain 30% on Cost From GST: Crisil
Goods and Services Tax (GST) implementation will help reduce logistics costs for companies by up to 30 per cent over 3-4 years due to savings in warehousing cost and elimination of check-posts, rating agency Crisil said on Tuesday.
-
Centre Includes Compensation in GST Amendment Bill
To a written question on whether the compensation in GST has been incorporated in the Constitutional Amendment Bill, Minister of State for Finance Jayant Sinha said: "Yes".
-
Centre to Release Rs 7,000 Crore to Andhra Pradesh Government
The Centre has agreed to release Rs 7,000 crore to Andhra Pradesh as Central Sales Tax compensation for financial year 2010-11, state Finance Minister Yanamala Ramakrishnudu said in Hyderabad today.
-
Government to Release Rs 11,000 Crore CST Compensation to States
A day ahead of his meeting with state finance ministers, Union Finance Minister Arun Jaitley said on Wednesday that the government will soon release Rs 11,000 crore towards Central Sales Tax (CST) compensation, as part of consensus building for Goods and Services Tax (GST) rollout.
-
Arun Jaitley Meets State Ministers, Raises Hopes of Early Implementation of GST
Displaying visible signs of urgency to build a rollout roadmap which can become part of the Narendra Modi government's first budget, Union Finance Minister Arun Jaitley today told the states that some of their concerns on the Goods and Services Tax, or the GST, would be addressed.
-
Finance Ministry's fuel prices may turn refineries 'sick': industry association
Finance Ministry's move to drastically change the way petrol and diesel are priced may sound the death knell for some of the domestic oil refineries, an industry association has warned.
-
Government will contain fiscal deficit, pursue reforms: Finance Minister
The government will take all steps to contain fiscal deficit and pursue reforms to deal with economic challenges, Finance Minister P Chidambaram said today.
-
Budget will outline amendments to Constitution on GST: Chidambaram
Finance Minister P Chidambaram today said he would outline amendments to the Constitution on the Goods and Services Tax (GST) in his Budget speech if there is consensus among states on the issue.
-
Pranab Mukherjee urged to solve Central Sales Tax issue before demitting office
States have asked Finance Minister Pranab Mukherjee to resolve the issue of payment of compensation for reduction in Central Sales Tax (CST) rate before demitting his office
-
Centre willing to consider CST compensation issue: Sushil Modi
Although CST is levied by the Centre, the revenue goes to the state government and the state from which movement of goods commences gets revenue.
-
Jayalalithaa writes to PM on Central Sales Tax
The Tamil Nadu government on Saturday said that non-implementation of the Goods and Service Tax (GST) from April 1, 2010 should not be the ground for stopping Central Sales Tax (CST) compensation to states, whose revenue loss is "substantial and permanent".
-
Compensate for CST loss or raise rate to 4%: States ask Centre
"Due to financial constraints, if the Government of India in not in position to continue to pay CST compensation to the States, then CST rate may kindly be restored to 4 per cent from April 1, 2012," Empowered Committee of state finance ministers Chairman, Sushil Modi, said in a letter to Mukherjee.
