Clipped from: https://www.thehindubusinessline.com/opinion/sectoral-impact-of-the-gst-councils-decisions/article65596381.ece The recent decisions will go a long way in simplifying the indirect tax system The 47th GST Council concluded in line with industry
Category: GST
*Bringing fuel under GST will take more time: Revenue Secretary Tarun Bajaj – The Hindu BusinessLine
lipped 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
*Windfall tax on upstream firms to end when super profits stop: Tarun Bajaj – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/markets/commodities/if-the-revenue-reduces-post-higher-import-duty-on-gold-we-will-be-happy-says-revenue-secretary-bajaj/article65595030.ece Revenue Secretary Tarun Bajaj has said that higher import duty on gold is not meant for revenue augmentation. In an interview with BusinessLine, he
*Not by cess | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/wheat-shipments-15-per-cent-duty-on-gold-imp orts-cesses-on-fuel-exports-8005895/ Ban on wheat shipments, 15 per cent duty on gold imports, cesses on fuel exports — decisions show short-termism No less backward-looking
*Tax rate changes decided by the GST Council–INDIAN EXPRESS
lipped from: https://indianexpress.com/article/explained/explained-tax-rate-changes-decided-by-the-gst-council-8006633/ In the changes, which are expected to affect consumers at the most basic level, GST exemption has been withdrawn from ‘pre-packaged and labelled’
*Useful recommendations of GST Council for exporters | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/useful-recommendations-of-gst-council-for-exporters-122070400027_1.html The present exemption of IGST on import of goods under advance authorisation, Export Promotion Capital Goods (EPCG) authorisation and by Export-Oriented Units will
Birthing an unbiased GST tribunal – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/birthing-an-unbiased-gst-tribunal/article65595345.ece Why it would pay to emulate the unique voting pattern of the GST council One issue related to the Goods and Services Tax
Has GST delivered on its promises? – The Hindu BusinessLine
Watch | Explained: Has GST delivered on its promises? – The Hindu BusinessLine https://www.thehindubusinessline.com/multimedia/video/watch-explained-has-gst-delivered-on-its-promises/article65589087.eceWatch | Explained: Has GST delivered on its promises? – The Hindu
Sectoral impact of the GST Council’s decisions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/sectoral-impact-of-the-gst-councils-decisions/article65596381.ece The recent decisions will go a long way in simplifying the indirect tax system The 47th GST Council concluded in line with industry
*e-invoicing for businesses with a turnover exceeding ₹10 cr soon; ₹5 cr or more next – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/e-invoicing-soon-for-businesses-with-a-turnover-exceeding-10-cr-5-cr-or-more-next/article65594972.ece Firms not complying with e-invoicing will be considered invalid and not be eligible for ITC Businesses with an annual turnover of more than
A tax comes of age: Five years since rollout, areas where GST needs retouch and improvement – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/a-tax-comes-of-age-five-years-since-rollout-areas-where-gst-needs-retouch-and-improvement/articleshow/92623697.cms Synopsis There have been hits — a total digitisation of tax compliance infra and e-invoicing, robust revenue collection, and near-consensus decision despite a
*A tax comes of age: Five years since rollout, areas where GST needs retouch and improvement – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/a-tax-comes-of-age-five-years-since-rollout-areas-where-gst-needs-retouch-and-improvement/articleshow/92623697.cms Synopsis There have been hits — a total digitisation of tax compliance infra and e-invoicing, robust revenue collection, and near-consensus decision despite a
*Reset mode: The Hindu Editorial on GST reform – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/reset-mode-the-hindu-editorial-on-gst-reform/article65590048.ece?homepage=true As GST turns five, its metamorphosis into a truly Good and Simple Tax needs greater Centre-States dialogue As GST turns five, its metamorphosis
*TN AAR says GST to be levied on employees’ share of canteen charges – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/tn-aar-says-gst-to-be-levied-on-employees-share-of-canteen-charges/article65592349.ece ‘The supply of food by the applicant is ‘Supply of Service’ by the applicant to their employees as the same is not a
GST Rate Changes: GST: Rate changes and relief – The Economic Times
GST Rate Changes: GST: Rate changes and relief – The Economic Times https://economictimes.indiatimes.com/news/economy/policy/gst-rate-changes-and-relief/articleshow/92555756.cmsThe 47th GST Council meeting addressed the inverted duty structure and removed several
GST registration exemption for online seller with low turnover to boost e-commerce – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/gst-registration-exemption-for-online-seller-with-low-turnover-to-boost-e-commerce/articleshow/92559782.cms Synopsis Now such suppliers will not have to obtain GST registration, if their turnover is lower than Rs 40 lakh and Rs 20
Less exempted good, by raising rates bad – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/less-exempted-good-by-raising-rates-bad/articleshow/92581979.cms Synopsis The GST Council must act swiftly to widen the tax base and include petro products so that multiple taxes that automotive fuels
5 years of GST: A mix of success and work in progress – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/the-impact-of-gst-a-5-year-tale/articleshow/92561762.cms ‘One nation, One market, One tax’ – the driving motto behind the introduction of GST, with effect from 01 July 2017, has brought
GST India: 5 years of GST: Has it done enough to propel Make in India? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/5-years-of-gst-has-it-done-enough-to-propel-make-in-india/articleshow/92586897.cms Synopsis In line with industry expectations, GST has had a positive impact on the manufacturing sector by removing the cascading effect of taxes
5 years of GST: The irritants that we need to iron out – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/5-years-of-gst-the-irritants-that-we-need-to-iron-out/articleshow/92588002.cms Synopsis GST Authorities can investigate affairs of taxpayers for a long period of 5 years and 9 months. It is common experience that