Category: GST

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/govt-notifies-procedural-changes-in-gst-rules-interest-to-be-charged-for-wrongful-credit-availment/articleshow/92706076.cms Synopsis With the amendments notified by the Central Board of Indirect Taxes and Customs (CBIC), businesses have also been allowed to make tax

Clipped from: https://timesofindia.indiatimes.com/business/india-business/why-gst-has-failed-to-reduce-the-tax-burden/articleshow/92631935.cms The goods and services tax (GST) is now five years old. It was ushered in by the Prime Minister in a historic midnight

Clipped from: https://timesofindia.indiatimes.com/business/india-business/how-good-simple-tax-was-born-how-it-can-be-better-simpler/articleshow/92578128.cms Implementation of GST exactly five years ago was considered as the largest post-Independence tax reform. It became a reality after preparation of more

Clipped from: https://timesofindia.indiatimes.com/business/india-business/lets-keep-gst-good-simple/articleshow/91693650.cms Many of us would recollect pre-GST days where all products would either have a price excluding local taxes or have multiple prices applicable

Clipped from: https://www.thehindu.com/business/Economy/work-needs-to-be-done-to-prune-gst-exemption-in-services-revenue-secy/article65603077.ece ‘Exemptions still remain, a large number on the services side’ Efforts are on to remove the ‘rough edges’ in Goods and Services Tax

Clipped from: https://www.financialexpress.com/economy/government-notifies-procedural-changes-in-gst-rules/2584886/ The changes were vetted by the Goods and Services Tax (GST) Council at its meeting last week. With the amendments notified by the

lipped from: https://www.thehindubusinessline.com/economy/further-pruning-of-services-exemption-on-card-revenue-secretary/article65602836.ece ‘ZERO’ rating for healthcare not possible, says Tarun Bajaj Revenue Secretary Tarun Bajaj on Tuesday said that further pruning of exemption list for

lipped from: https://www.thehindubusinessline.com/economy/inflation-has-a-role-in-higher-collection-says-revenue-secretary-tarun-bajaj/article65603064.ece Inflation affects prices of both inputs and outputs: CBIC Chairman Johri Revenue Secretary Tarun Bajaj on Tuesday acknowledged that inflation has contributed in

Clipped from: https://www.financialexpress.com/opinion/gst-hits-misses-and-opportunities/2584060/ Five years after the introduction of the GST, the need for GST tribunals and a central appellate authority on advance rulings is strongly

lipped from: https://www.financialexpress.com/economy/people-can-afford-to-pay-5-gst-on-hospital-rooms-above-rs-5k-bajaj/2584247/ In its June 28-29 meeting, the council decided to impose the tax on hospital rooms costing over Rs 5,000/day to widen the tax

On June 29, the GST Council approved removal of a host of tax exemptions and raised rates for a larger number of mass-consumption items to

Clipped from: https://economictimes.indiatimes.com/health-care/healthcare-industry-seeks-suspension-of-5pc-gst-on-high-rental-hospital-rooms/articleshow/92679942.cms Synopsis “While the phasing away of the exemptions is a laudable objective for it integrates a large part of the value chain in

Clipped from: https://www.thehindu.com/opinion/editorial/reset-mode-the-hindu-editorial-on-gst-reform/article65590048.ece As GST turns five, its metamorphosis into a truly Good and Simple Tax needs greater Centre-States dialogue  As GST turns five, its metamorphosis

Clipped from: https://www.thehindubusinessline.com/blexplainer/all-about-the-gst-compensation-fund/article65598067.ece What is GST compensation? Why was this mechanism instituted?  As the country shifted to Goods and Service Tax, there was apprehension among manufacturing

Clipped from: https://www.thehindubusinessline.com/economy/policy/bringing-fuel-under-gst-will-take-more-time-revenue-secretary-tarun-bajaj/article65598774.ece 28 per cent GST rate to continue, the merger of others a challenge Revenue Secretary Tarun Bajaj on Monday indicated that bringing fuel

Clipped from: https://www.thehindubusinessline.com/economy/discontinue-exemption-of-healthcare-sector-from-gst-allow-claim-of-input-tax-credit-ficci/article65600109.ece Industry chamber has urged Finance Ministry to bring healthcare under zero-rating GST The Federation of Indian Chambers of Commerce and Industry (FICCI) has

Clipped from: https://www.business-standard.com/article/economy-policy/policymakers-don-t-have-fetish-to-raise-rates-revenue-secy-tarun-bajaj-122070500048_1.html But the government is open to discussing narrowing down the three slabs of 5, 12 and 18 per cent into two, he said

Clipped from: https://www.business-standard.com/article/economy-policy/industry-body-voices-concern-over-5-gst-on-hospital-room-tariffs-122070500046_1.html Ficci bats for zero GST on health care in letter to FM; CAIT against tax tweaks on food items The chamber added hospitals