gst-incom-tax-collection

2 Years After LandSlide Victory for Narendra Modi, Rajya Sabha Still Bottleneck

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Despite having won significant majority (c.64%) in the 2014 Lok Sabha (LS) elections, Narendra Modi led NDA had only 24% seats in the Rajya Sabha (RS) – the upper house. For NDA, this lack of majority in the RS has translated into delays in implementation of legislations such as GST (Goods and Services Tax), Land acquisition bill, etc.

Recently, the budget session of Feb-May 2016 saw improved co-ordination between political parties resulting in clearance of multiple legislations such as real estate bill and bankruptcy bill among others. We believe that such co-operation

Read more2 Years After LandSlide Victory for Narendra Modi, Rajya Sabha Still Bottleneck

What is the GST (Goods and Service Tax), When will it be Implemented ?

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The Goods & Service Tax [GST] is the new Proposed Tax that will eliminate all other forms of Indirect Taxes [Excise, VAT, Entry Tax, etc] within India and Industries will either Pay Goods Tax if it is a commodity to be sold or Service tax if the end product is a Service at only one point [Place of Origin or Destination is bone of contention] and thus the Goods can move freely across India without any hassle.

What is the Finance minister doing with GST Bill in India ?
Narendra Modi did a big mistake by handing over Defence portfolio to Finance Minister Mr. Jaitley in the last 6 months as he could not concentrate

Read moreWhat is the GST (Goods and Service Tax), When will it be Implemented ?