With GST, India embarks on a new economic system: PM Modi
India's 1.25 crore people will witness tonight's historic midnight launch of GST, PM Modi said.
India's 1.25 crore people will witness tonight's historic midnight launch of GST, PM Modi said.
The new sytem will eliminate confusion from our tax system and end the long wait at toll plazas with GST integrating 31 states and UTs as one, he said.
India launched its ambitious pan-India indirect tax regime, the Goods and Services Tax (GST) at the stroke of midnight hour to bind the country into a regime of "one nation, one tax, one market".
Jaitley said India has done this at a time when the world is facing slow growth, isolationism and the lack of structural reforms.
Arun Jaitley speaking in parliament on the occasion of the launch of the Goods and Services Tax (GST).
New Delhi; Calling the GST a "disruptive change", President Pranab Mukherjee tonight said the ambitious central tax is a "tribute" to the maturity and wisdom of India's democracy, as he recalled steps taken during his own tenure as Finance Minister on this key reform measure.
A protest against "leak" in an ONGC pipe at Kathiramangalam near here turned violent as locals and activists clashed with police officials, prompting them to baton charge the protestors which left several persons, including two policemen, injured.
Tamil Nadu Chief Minister K Palaniswami on Friday formally inaugurated the birth centenary celebrations of AIADMK founder MG Ramachandran.
President Donald Trump today said the US has run out of "patience" with North Korea over its nuclear challenge, as his South Korean counterpart Moon Jae-in asserted that threats and provocations by the reclusive nation will be met with a stern response.
Arguing over quantum of sentence for six convicts, Salvi had earlier demanded death for Mustafa Dossa and Firoz Khan. Dossa died of cardiac arrest two days ago.
A person has been arrested for creating a fake twitter account under the name of Karnataka Chief Minister Siddaramaiah, and tweet contents as if it was tweeted by the office of the chief minister.
The researchers found that in some parts of the world including in India, China and Brazil, the amount of land being burned by fire has increased.
The police report said Williams was deemed at fault for blocking the right of way of the other vehicle.
The four countries have given Qatar a 10-day deadline for implementation ending on July 4.
Five suicide bombers attacked Lebanese soldiers as they raided two Syrian refugee camps in the Arsal area at the border with Syria on Friday and a sixth militant threw a hand grenade at a patrol, the army said.
President Vladimir Putin has extended Russian counter-sanctions on the European Union until the end of 2018, according to a presidential decree published on Friday.
Bombers killed two people and wounded 11 others at a U.N.-managed camp in Niger housing thousands of people who have fled Boko Haram violence in the first suicide attack in the region in a year, the U.N. refugee agency said on Friday.
A chemical weapons watchdog confirmed on Friday that sarin gas had been used in the April attack on the Syrian town of Khan Sheikhoun that left over 100 people dead.
Senior lawyer in the Supreme Court of India and constitutional expert KK Venugopal has been appointed as a new 15th Attorney General replacing Mukul Rohatgi.
The Jammu and Kashmir Police on Friday sought help to identify the culprits involved in the brutal lynching of Deputy Superintendent of Police Mohammad Ayub Pandith.
Just a couple of hours before the Goods and Services Tax (GST) roll out, the all-powerful GST Council tonight reduced the tax rate on fertiliser to 5 per cent from previously decided 12 per cent.
Under the Goods and Services Tax, effective Friday midnight, most of the financial services would attract a higher tax of 18 per cent as against 15 per cent as of now.
Asked what GST means for India in economic terms globally if the country boosts its GDP by two per cent ahead of China, he pointed out that China has the second largest economy in the world, whose GDP was four times that of India.
Under the Goods and Services Tax (GST), telecom services would be taxed at 18 percent compared to 15 percent currently.
The nation-wide Goods and Services Tax (GST), which comes into effect from midnight, will overhaul India's convoluted indirect taxation system and unify the USD 2 trillion economy with 1.3 billion people into a single market.