On the road to GST

Though state finance ministers continue to debate the conditions under which the GST—top on the list of economic reforms right now—is to be introduced, they made a big forward move on Monday while approving a negative list for services that are to be brought under GST. Immediately, without a constitutional amendment, the Centre can introduce this in the Budget and, with a larger list of services to tax, it can look at a 30-35% higher tax base immediately. 

Read Full Story>>