According to data available with the GST Council, the average revenue to be protected for states in 2018-19 stood at about Rs 49,020 crore a
Category: GST
Niti Aayog member bats for 2 GST slabs | Deccan Herald
Government think-tank Niti Aayog member Ramesh Chand on Wednesday made a case for only two slabs under the goods and service tax regime as against
GST anti-profiteering watchdog NAA imposes Rs 230 crore fine on J&J–Business Today
The goods and services tax (GST) profiteering watchdog the National Anti-profiteering Authority (NAA) has imposed a penalty of Rs 230 crore on global healthcare major
Panel suggests raising GST rate to increase revenue | Deccan Herald
With expected GST compensation cess shortfall of over Rs 60,000 crore in the current financial year, a committee of officers has suggested a number of
‘New registrations being verified by GST Council’ | Deccan Herald
The GST Council is verifying the 66.79 lakh new registrations by taxpayers, which could be fake or pertain to shell companies, Bihar Deputy Chief Minister
Government stares at Rs 63,000-crore shortfall in GST payout to states – Times of India
The government is staring at a shortfall of at least Rs 63,000 crore in compensation payout to the states during the current financial year, which
‘New registrations by taxpayers being verified by GST council’ – The Economic Times
The GST Council is verifying the 66.79 lakh new registrations by taxpayers, which could be fake or pertain to shell companies, Bihar Deputy Chief Minister Sushil Kumar Modi,
Companies under IBC process may get GST relief – The Economic Times
The government may allow companies undergoing resolution under the Insolvency and Bankruptcy Code (IBC) to pay current levies of goods and services tax (GST) without
Centre & states face off on cess | Business Standard Column
Last Wednesday, the Goods and Services Tax (GST) Council met, in the backdrop of falling revenues and failure of the central government, to compensate some
GST rates to change only once in a year | Deccan Herald
Ignoring negative sentiments around falling GDP growth rate and some policy roadblocks, foreign portfolio investors seem to have flocked to the Indian capital market in
Circular 123 helped up Nov GST, but it’s a bad habit | Deccan Herald
Goods and Services Tax collections for the month of November 2019 crossed the magic figure of Rs 1 lakh crore (Rs 1.03 lakh crore) –
Sound decision to not raise GST rates–Economic Times
The Goods and Services Tax (GST) Council’s decisions, one, not to tinker with the GST rates despite the revenue shortfall and, two, to fix a
Cutting income tax and raising GST makes no sense. Both need to fall together–The Print
Media reports suggest that the GST Council is expected to increase rates to counter the shortfall in GST collections. At the same time, there is
Don’t raise taxes: GST Council should avoid any increase when aggregate demand remains weak–Times of India
The GST Council is scheduled to meet today in the backdrop of a serious challenge. The pronounced slowdown in economic activity has had an adverse
Re-think GST: No economy can afford to persist with a failed tax experiment | Business Standard Column
The Modi government has rolled out an ambitious spending programme for building the transport infrastructure and the provision of various goods of value to ordinary
GST compensation dues for 9 states could double to Rs 70,000 crore: ICRA | Business Standard News
Ratings agency ICRA expects just nine states to need Rs 70,000 crore as compensation for the shortfall in goods and services tax (GST) collection in FY20, on
Centre breached basic trust on which GST was designed: Kerala FM Isaac | Business Standard News
After the GST Council meeting on Wednesday, Kerala Finance Minister Thomas Isaac, a strident critic of the Centre’s policies, justifies his stance to Dilasha Seth. Edited excerpts: Is the
Brands slow in passing GST rate reduction benefits to consumers, says report – The Financial Express
The Goods and Service Tax (GST) was introduced with the purpose of simplifying the tax structure in the country and services instead of having to
Don’t raise taxes: GST Council should avoid any increase when aggregate demand remains weak–Times of India
The GST Council is scheduled to meet today in the backdrop of a serious challenge. The pronounced slowdown in economic activity has had an adverse
GST Council Meeting: Cash flow to be further impacted as GST Council lowers eligible credit under ITC to 10%–Economic Times
There has been a clamour, especially by small businesses, to reduce monthly compliances, but the Council’s move will have a bigger impact. The 38th meeting
aniltikotekar4sme.com 