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style="text-align: right;"><span style="color:#000000"><span style="font-size:12px"><span style="font-family:verdana,geneva,sans-serif">29 December 2015</span></span></span></div> </td> </tr> </tbody></table> </td> </tr> </tbody> </table><table border="0" cellpadding="0" cellspacing="0" width="100%" class="mcnBoxedTextBlock" style="min-width: 100%;border-collapse: collapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;"> <!--[if gte mso 9]> <table align="center" border="0" cellspacing="0" cellpadding="0" width="100%"> <![endif]--> <tbody class="mcnBoxedTextBlockOuter"> <tr> <td valign="top" class="mcnBoxedTextBlockInner" style="mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;"> <!--[if gte mso 9]> <td align="center" valign="top" "> <![endif]--> <table align="left" border="0" cellpadding="0" cellspacing="0" width="100%" style="min-width: 100%;border-collapse: collapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;" class="mcnBoxedTextContentContainer"> <tbody><tr> <td style="padding-top: 9px;padding-left: 18px;padding-bottom: 9px;padding-right: 18px;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;"> <table border="0" cellpadding="18" cellspacing="0" class="mcnTextContentContainer" width="100%" style="min-width: 100% !important;border: 1px outset;border-collapse: collapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;"> <tbody><tr> <td valign="top" class="mcnTextContent" style="color: #000000;font-family: Verdana, Geneva, sans-serif;font-size: 12px;font-style: normal;font-weight: normal;line-height: 150%;text-align: left;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;"> <span style="font-family:verdana,geneva,sans-serif"><a href="http://economictimes.indiatimes.com/news/economy/policy/gst-certainly-doable-in-2016-in-constant-touch-with-congress-fm-arun-jaitley/articleshow/50354896.cms" style="word-wrap: break-word;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #1598d5;font-weight: bold;text-decoration: none;"><strong><span style="font-size:14px">GST certainly doable in 2016; in constant touch with Congress: Finance Minister Arun Jaitley</span></strong></a><br> <span style="font-size:12px">Rolling out the ambitious GST regime is certainly doable in 2016, Finance Minister Arun Jaitley said on 28 December 2015, adding that he is in "continuous touch" with the Congress party in a bid to persuade them to cooperate.</span><br> <br> <span style="font-size:11px">Source: The Economic Times dated 28 December 2015</span></span> <hr><br> <span style="font-family:verdana,geneva,sans-serif"><a href="http://www.thehindu.com/business/petroleum-products-not-to-be-brought-under-gst-says-chief-economic-advisor/article8034152.ece" style="word-wrap: break-word;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #1598d5;font-weight: bold;text-decoration: none;"><strong><span style="font-size:14px">Petroleum products not to be brought under GST: CEA</span></strong></a><br> <span style="font-size:12px">Petrol and other petroleum products would not be brought under the GST regime for some time after its roll out, Chief Economic Adviser Arvind Subramaniam said on 27 December 2015.</span><br> <br> <span style="font-size:11px">Source: The Hindu dated 27 December 2015</span></span> <hr><br> <span style="font-family:verdana,geneva,sans-serif"><a href="http://timesofindia.indiatimes.com/india/Winter-session-of-Parliament-ends-GST-remains-pending/articleshow/50299229.cms" style="word-wrap: break-word;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #1598d5;font-weight: bold;text-decoration: none;"><strong><span style="font-size:14px">Winter session of Parliament ends; GST remains pending</span></strong></a><br> <span style="font-size:12px">The winter session of Parliament ended on 23 December leaving the crucial GST Bill pending and evoking some strong comments by Rajya Sabha Chairman Hamid Ansari who asked MPs to introspect and desist from "demeaning the stature" of the House.<br> <br> <span style="font-size:11px">Source: The Times of India dated 23 December 2015</span></span></span> <hr><br> <span style="font-family:verdana,geneva,sans-serif"><a href="http://timesofindia.indiatimes.com/city/ahmedabad/GST-model-law-will-be-ready-by-January-next/articleshow/50295316.cms" style="word-wrap: break-word;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #1598d5;font-weight: bold;text-decoration: none;"><strong><span style="font-size:14px">GST model law will be ready by January</span></strong></a><br> <span style="font-size:12px">The model law of the </span></span><span style="font-size:12px"><span style="font-family:verdana,geneva,sans-serif">much-anticipated GST will be out by the end of January for general public for feedback. Speaking at a session on GST, Sushil Solanki, Principal Additional Director General (ADG) of the Directorate General of Central Excise Intelligence said that 80% of the draft of GST is ready while discussions on the remaining 20% are going on.<br> <br> <span style="font-size:11px">Source: The Times of India dated 23 December 2015</span></span></span> <hr><br> <span style="font-family:verdana,geneva,sans-serif"><a href="http://www.thehindu.com/business/Economy/over-48000-including-top-industrialists-sign-petition-for-gst/article8022112.ece" style="word-wrap: break-word;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #1598d5;font-weight: bold;text-decoration: none;"><strong><span style="font-size:14px">Over 48,000 including top industrialists sign petition for GST</span></strong></a><br> <span style="font-size:12px">Over 48,000 people, including prominent industrialists, have supported a signature campaign launched by the Confederation of Indian Industry urging members of Parliament to allow the passage of the GST Bill, even as the winter session came to an end on 23 December 2015.</span><br> <br> <span style="font-size:11px">Source: The Hindu dated 23 December 2015</span></span> <hr><br> <span style="font-family:verdana,geneva,sans-serif"><span style="color:#1598D5"><span style="font-size:14px"><strong>Did you know?</strong></span></span><br> <span style="font-size:12px"><span style="line-height:20.8px">The concept of VAT (the concept of VAT is similar to GST in India) was referred and proposed by Dr Wilhelm Von Siemens in Germany in 1918. In 1921, the same type of concept was also suggested by Professor Thomas Adams in the</span></span></span><span style="font-size:12px"><span style="font-family:verdana,geneva,sans-serif">USA<span style="line-height:20.8px">. In 1949, VAT was recommended in JAPAN. The discussion on VAT was started in Germany (1918), USA (1921) and Japan (1949) and the whole world came to know about VAT from these three initial discussions and references.</span></span></span> </td> </tr> </tbody></table> </td> </tr> </tbody></table> <!--[if gte mso 9]> </td> <![endif]--> <!--[if gte mso 9]> </tr> </table> <![endif]--> </td> </tr> </tbody> </table><table border="0" cellpadding="0" cellspacing="0" width="100%" class="mcnBoxedTextBlock" style="min-width: 100%;border-collapse: collapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;"> <!--[if gte mso 9]> <table align="center" border="0" cellspacing="0" cellpadding="0" width="100%"> <![endif]--> <tbody class="mcnBoxedTextBlockOuter"> <tr> <td valign="top" class="mcnBoxedTextBlockInner" style="mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;"> <!--[if gte mso 9]> <td align="center" valign="top" "> <![endif]--> 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