Page 36 - Latest Updates on Goods and Services Tax
GST Council does some corrections
The GST Council has shown willingness to listen and make necessary course corrections
 "GST Council does some corrections")
Gujarat seeks tax exemption on Governor's BMW, GST Council rejects
GST Council rejects tax exemption plea for the imported luxury car
 "Gujarat seeks tax exemption on Governor's BMW, GST Council rejects")
Improve revenue buoyancy, Finance Commission chairman asks states
GST collection has significantly slowed down in recent months, making it difficult for the Centre to hand out compensation to states
 "Improve revenue buoyancy, Finance Commission chairman asks states")
GST Council cuts rates on hotels, hikes on caffeinated beverages
Small taxpayer given relief from filing annual tax returns
 "GST Council cuts rates on hotels, hikes on caffeinated beverages")
Constitution of GST appellate tribunal unconstitutional: Madras HC
The court observed that there should be primacy for judicial members and technical members cannot exceed the number of judicial members, according to sources
Highlights: GST Council announces steps to help tourism, trade
GST council meeting Live updates: All eyes are on GST council's meeting in Goa after the government announced slashing corporate taxes.
 "Highlights: GST Council announces steps to help tourism, trade")
Top events today: GST Council meet, Vivo V17 Pro launch, and more
From GST Council meet to Vivo V17 Pro launch in India, here are some of the most important news events scheduled for today
 "Top events today: GST Council meet, Vivo V17 Pro launch, and more")
GST Council may be asked to decide on compensation to states in 45 days
States have been strongly pitching for extension of the compensation period by three years to 2024-25
GST Council meet today; fitment panel rejects rate cut demand for 200 items
Caffeinated drinks are among a handful of items for which a hike in the GST rate has been recommended
 "GST Council meet today; fitment panel rejects rate cut demand for 200 items")
GST Council meeting to take call on tax rate cut on Friday amid slowdown
There have been demands pouring in from various sectors - from biscuits to automobiles and FMCG to hotels - to reduce tax rates in the wake of economic slowdown
 "GST Council meeting to take call on tax rate cut on Friday amid slowdown")
Hero MotoCorp asks govt for phased GST reduction to avoid revenue losses
The two-wheeler market in India is pegged at around 20 million units per year with lower than 150-cc bikes accounting for the bulk of sales
 "Hero MotoCorp asks govt for phased GST reduction to avoid revenue losses")
Factory investment rate tumbled to 17-year low after demonetisation
Employment and wages rise in factories, but key sectors lose jobs
 "Factory investment rate tumbled to 17-year low after demonetisation")
Fitment panel rejects demands of GST rate cut for auto, biscuit industry
The Committee also rejected the telecom ministry's proposal to reduce GST rate for telecom services from the present 18 per cent to 12 per cent, sources said
 "Fitment panel rejects demands of GST rate cut for auto, biscuit industry")
GST Council may rationalise rates for five-star hotels in Friday meeting
Fitment panel does not favour rate reduction for vehicles, biscuits
 "GST Council may rationalise rates for five-star hotels in Friday meeting")
Don't cut GST
The Council should instead focus on compliance
 "Don't cut GST")
GST Council meeting likely to witness a heated debate over lottery rates
Centre will push for single rate; Kerala wants to retain current dual structure
 "GST Council meeting likely to witness a heated debate over lottery rates")
Slowdown blues: UP to plug gaps, intensify enforcement as tax purse shrinks
Yogi government to auction stone quarries, curb illegal mining to expand kitty
 "Slowdown blues: UP to plug gaps, intensify enforcement as tax purse shrinks")
Auto sector's rate-cut hopes fade as GST cess collection declines
Some states have asked for rate cuts for 5-star hotels; relief for cement, biscuit industries may be discussed
 "Auto sector's rate-cut hopes fade as GST cess collection declines")
Top biscuit manufacturers seek GST cut for below Rs 100 per kg segment
In April-June 2019, the growth rate of the overall biscuit market fell to 2 per cent from 7 per cent earlier
 "Top biscuit manufacturers seek GST cut for below Rs 100 per kg segment")
Post-sale discount under GST: A clear position may help boost festive sales
Discounts are a well-understood concept commercially, as well as under tax laws
 "Post-sale discount under GST: A clear position may help boost festive sales")
