The goods and service tax (GST), the new indirect tax regime was on track is likely to be implemented from July 1, said Union Finance Minister Arun Jaitley said today. "It (GST) looks on track.

The GST Council on Saturday fixed a 5 per cent tax rate on small hotels and restaurants and approved draft of key supporting legislations to enable rollout of the new indirect tax regime from July 1.

The GST Council has approved a "track and trace" system to combat tax evasion on specific goods, starting with cigarettes and potentially pan masala. This system uses unique identification markings to ...

The stage is set for the rollout of the Goods and Services Tax (GST) from 1 July with the Lok Sabha clearing four crucial bills on Wednesday. The GST will replace a host of indirect taxes levied by ...