Both Fifteenth Finance Commission chief NK Singh and West Bengal finance minister Amit Mitra have argued, separately, that the GST Council—when it meets later today—must
Category: GST
What India can do to achieve a spurt in economy — Vijay Kelkar & Ajay Shah say in new book
Goods and Services Tax is an important policy change taken up by the government but it failed in terms of implementation, which was “not taken
Amid reports of GST rate hike, former chief statistician tells why it may not help much – The Financial Express
Amid reports of the GST Council mulling rate hike, Pronab Sen, Former Chief Statistician of India said that the possible move may not help much
Solution to shore up revenues does not lie in depriving GST of its progressive character – The Financial Express
By G Gokul Kishore The GST Council is scheduled to meet on December 18 with the agenda to arrest falling collections. The shortfall in revenues
GST: Promoters move high court over taxman’s power to arrest, attach accounts – The Economic Times
A dispute over the taxman’s power to arrest promoters of companies and attach their bank accounts over suspected evasion of goods and services tax has reached the
GST compensation: Under fire, Centre releases Rs 35,298 crore to states – The Financial Express
When GST was rolled out on July 1, 2017, states were promised to be compensated for the loss of revenue. After a delay of over
‘Advance authorisation is different from special advance authorisation’ | Business Standard News
We received advance authorisation (AA) dated December 11, 2019, towards import of linen fabric under actual user condition. Will pre-import condition be applicable as per
Taxman may get to block doubtful input tax credit – The Economic Times
The government is set to amend Section 49 of the Goods and Services Tax (GST) law that would allow tax officers to block input tax credit of companies if
Nirmala Sitharaman: Bengal FM cautions govt against reviewing exemptions under GST – The Economic Times
West Bengal finance minister Amit Mitra has termed as “alarming” any move to review the list of items exempted from the goods and services tax. “Exempted list
Rationalise, not raise, rates of GST–Economic Times
The Centre’s move to release to the states Rs 35,298 crore of the pending compensation for GST shortfall is welcome. It will help shore up
Impact of GST will take time to show results: Bibek Debroy–Deccan Chronicle
The impact of GST on growth will take time and results will not be visible overnight, according to Bibek Debroy, Chairman, Economic Advisory Council to
Parliamentary panel asks govt to prevent misuse of input tax credit under GST as collection slows – The Financial Express
A Parliamentary panel on finance on Tuesday observed that the Goods and Services Tax (GST) collection has slowed down in recent months and asked the
52,720 Integrated GST refund claims pending for more than one year: Thakur – The Economic Times
As many as 52,720 Integrated GST (IGST) refund claims are pending for more than one year, Minister of State for Finance Anurag Singh Thakur informed Parliament on
GST: Key changes and simplifications of GSTR-9 & GSTR-9C for taxpayers – The Economic Times
Highlights In addition to the extension, CBIC also simplified forms GSTR-9 and GSTR-9C by making several fields of these forms optional. Going forward, a taxpayer
India makes a big leap in ‘Ease of doing Business’ index, ranks 77 – india news – Hindustan Times
India jumped to the 77th spot in the ranking of countries by ‘ease of doing business’ on Wednesday, improving by 23 places over its 2017
It’s time to revisit income tax rates: Bibek Debroy, Chairman PMEAC – The Economic Times
It is time to rationalise GST rates, but it may not happen. This is not a perfect GST. In an ideal GST, all products should
Central GST falls short of budget estimate by 40% in April-November – The Financial Express
In 2018-19, the actual CGST collection stood at Rs 4,57,534 crore as against the provisional estimate of Rs 6,03,900 crore for the year The Central
Fixing the GST | Business Standard Editorials
It has been reported that the Goods and Services Tax (GST) Council, the body comprising the Union finance minister and those of the states, is
Delhi HC issues notices to exporters over non-payment of IGST on imports | Business Standard News
The Delhi High Court has issued notices to exporters in cases related to non-payment of integrated goods and services tax (IGST) on imports under an export incentive
जीएसटी रिटर्न्स दाखल न केल्यास काय होईल? | लोकमत
जीएसटी रिटर्न्स दाखल न केल्यास काय होईल? – सीए: उमेश शर्मा अर्जुन (काल्पनिक पात्र): कृष्णा, जीएसटी विभागाने नुकतेच जीएसटी रिटर्न्स दाखल न केल्यास ई-वे बिलच्या ब्लॉकिंग संबंधी एफएक्यू जारी
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