Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/resolve-gst-disputes-quickly-and-smartly/articleshow/92067343.cms Synopsis The GST Council has the power to make recommendations on tax rates and a wide range of GST-related subjects. The council’s decisions
Category: GST
Six charts show GST’s revenue challenge for Centre, state govts | Business Standard News
Clipped from: https://www.business-standard.com/article/specials/statsguru-six-charts-show-gst-s-revenue-challenge-for-centre-state-govts-122060500944_1.html But a longer-term perspective on state collections raises questions on GST’s ability to fulfil certain primary objectives Business Standard looked at all the
GoM may suggest pruning GST exemption list ahead of Council meeting | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gom-may-suggest-pruning-gst-exemption-list-ahead-of-council-meeting-122060600007_1.html A meeting of the GST Council is expected this month or early next month. It may discuss the inverted duty structure, too The
*****Occupational health check-up by hospitals part of healthcare service, does not attract GST: Gujarat AAAR – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/occupational-health-check-up-by-hospitals-part-of-healthcare-service-does-not-attract-gst-gujarat-aaar/article65487577.ece These services are not limited to specified or particular conditions, diseases or anatomical regions New Delhi, June Healthcare service will include occupation health
*****Arvind P Datar writes: GST Council must uphold fiscal federalism
Clipped from: https://indianexpress.com/article/opinion/columns/tax-by-persuasion-supreme-court-gst-council-gujarat-high-court-7949850/ Arvind P Datar writes: It has received a nudge to do so from the Supreme Court, whose recent ruling has also given states
*****A critical juncture: The Hindu Editorial on GST reforms – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/a-critical-juncture-the-hindu-editorial-on-gst-reforms/article65488129.ece Distilling inflation’s impact on GST revenues is critical before structural reforms are put on hold Distilling inflation’s impact on GST revenues is critical
*****Centre-state disputes are not new. The high trust deficit is | India News – Times of India
Clipped from: https://timesofindia.indiatimes.com/india/fuelling-federal-fights/articleshow/91897052.cms The Supreme Court’s recent ruling that GST Council decisions are not binding on states can at one level be seen as a reiteration
*****Bring fuel under GST to cushion from impact of volatile oil prices, says SBI report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/oil-gas/bring-fuel-under-gst-to-cushion-from-impact-of-volatile-oil-prices-says-sbi-report/articleshow/91909052.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis This is not the first time that the experts have suggested inclusion of fuel under the GST regime. Speaking to Mint, Bibek
*CBIC cautions against coercive tax collection during searches | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/cbic-cautions-against-coercive-tax-collection-during-searches-122053000065_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 The experience of the taxpayers is that many officers do not follow the CBIC instructions in tax collection or enforcement matters and do
*****Storm in a GST cup | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/storm-in-a-gst-cup-122052701390_1.html The notion that the recent Supreme Court ruling alters the nature of fiscal federalism is misplaced, but the Council would do well to
*****CBIC issues SOPs for recovering tax dues from insolvent companies | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/cbic-issues-sops-for-recovering-tax-dues-from-insolvent-companies-122052701466_1.html The CBIC said it has nominated a nodal officer to ensure filing of claims with the Insolvency and Bankruptcy Board of India (IBBI)
*****Has the Supreme Court clipped the wings of GST Council? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/has-the-supreme-court-clipped-the-wings-of-gst-council/article65440439.ece The great achievement of GST is that it has brought about uniformity in taxation in our country Certain observations made by the Supreme
*****Reaffirming State rights in GST – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/business-laws/reaffirming-state-rights-in-gst/article65440504.ece Both Parliament and State have concurrent powers to legislate on GST and in the nature of a simultaneous power, the Apex court has
*Fuel tax cuts won’t go far enough to curb inflation | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/first-edit/fuel-tax-cuts-won-t-go-far-enough-to-curb-inflation-1112781.html The pressure on prices is spread wide across commodities and services Representative image. Credit: PTI Photo The central government’s recent decision to cut
*****Why the states are grumbling | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/why-the-states-are-grumbling-122052500016_1.html The structure of central levies on petrol and diesel needs a review followed by their inclusion in GST The Union government’s decision last
*****GST: Cooler heads for constructive ends | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/gst-cooler-heads-for-constructive-ends-122052501698_1.html To be sure, the cooperative spirit has gone missing since about 2018, reflecting the heavy-handedness of the Centre, not just on the GST
*CBIC instructs no coercive action during search and seizure for recovery of dues – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/cbic-instructs-no-coercive-action-during-search-and-seizure-for-recovery-of-dues/article65463214.ece If it happens, then disciplinary action may be taken against the tax official The Central Board of Indirect Taxes and Custom (CBIC) has
*****Apex court’s ruling on GST is a watershed – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/apex-courts-ruling-on-gst-is-a-watershed/article65458398.ece Judgment time on GST RV Moorthy MOORTHY RV | Photo Credit: MOORTHY RV The judgment is likely to have some impact on the
*****GST officials cannot force taxpayers to pay tax during search: CBIC
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/gst-officials-cannot-force-taxpayers-to-pay-tax-during-search-cbic/articleshow/91810925.cms Synopsis “In case of any wrongdoing on the part of any tax officers, strict disciplinary action as per law may be taken against
FM holds discussions with ICAI delegation on fraudulent GST refunds, other issues: CBIC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/fm-holds-discussions-with-icai-delegation-on-fraudulent-gst-refunds-other-issues-cbic/article65454148.ece On Saturday, members of the Gurugram chapter of the North Indian Regional Council of the ICAI took to the streets to protest against