Rajyasabha unanimously passes key GST Bill

Goods and Services Tax (GST) bill, which was stuck in Parliament since a long time, has finally been passed with over 2/3 majority. Rajyasabha unanimously passes key GST Bill, Not only Congress, but other major political parties showed support for GST, as a result of which, the bill has finally been passed. Continue reading “Rajyasabha unanimously passes key GST Bill”

Cabinet approves amendments to GST bill

The Cabinet approves amendments to GST bill. The GST bill, intends to convert 29 states into a single market through a new indirect tax regime.

The amendments were taken up by the Cabinet after FM Jaitley’s assurance to state FM that the government will include in the Bill the mechanism of compensating states for all the loss of revenue for 5 years. Continue reading “Cabinet approves amendments to GST bill”

GST Bill Summary – 2016

GST Bill Summary

GST is taking pace in the parliament, BJP govt is hopeful of passing GST bill in the monsoon session of parliament starting from Monday, 18th July’16. When it going to become act it is necessary to understand some key provisions of draft GST bill. So here we present GST bill summary. Continue reading “GST Bill Summary – 2016”

Real Estate Development and Regulation Act, 2016

Real Estate sector is the one of the fastest growing sector in the India which has 4 major components – Housing, Retail, Hospitality and Commercial where the housing comprises 5-6 percent of India’s GDP. In this sector often project get delays due to lengthy procedures and compliance and hence ultimate buyers get affected. There are not less than thousands of cases where the developers cheats the buyers due to hidden conditions, delay in possession, etc. To regulate the sector it was necessary to have some binding law hence government passed┬áThe Real Estate and Regulation Act, 2016. Continue reading “Real Estate Development and Regulation Act, 2016”

Hopeful of a fruitful Parliament session: PM

Hopeful of a fruitful Parliament session: PM

Amid signs of a stormy Parliament session ahead, Prime Minister Narendra Modi on Tuesday hoped the Budget Session will be fruitful and utilised for constructive debate, adding “friends” from opposition parties had shown “positive” attitude during various interactions,┬áHopeful of a fruitful Parliament session: PM

The Prime Minister also said opposition should severely criticise the government and highlight its shortcomings, asserting that it will strengthen democracy, as he highlighted how his government had risen above formalities to reach out to the opposition parties. Continue reading “Hopeful of a fruitful Parliament session: PM”