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Passage of GST Bill likely in next session

The government is hopeful of the passage of the Goods and Services Tax Bill in the Budget session of Parliament, when the numbers in the Rajya Sabha will swing in its favour, according to Union Finance Minister Arun Jaitley. “Halfway through the next session, the numbers in the...
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Petroleum products to be out of GST for now: CEA

KOLKATA: Petrol and other petroleum products would not be brought under the GST regime for some time after its roll out, Chief Economic Advisor Arvind Subramaniam said today. “Constitutionally petrol and other petroleum products will be within the GST system. But it would be out of the GST...
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Nations cut taxes to help oil firms, India stays put

The vertiginous fall in crude oil prices has forced many countries to cut taxes and levies on hydrocarbon production and exports, but India’s stiff imposts have only turned more onerous for explorers here. As gathered by consultancy firm Wood Mackenzie, countries like the UK, US, Colombia, Australia, Russia,...
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