Page 40 - Latest Updates on Goods and Services Tax
At Rs 939.6 billion, GST collection in August is fiscal's lowest
The government attributed the dip in collections to the probable postponement of purchase for items for which the tax rates were reduced by the GST council
 "At Rs 939.6 billion, GST collection in August is fiscal's lowest")
'On intermediary services, service provider must discharge GST liability'
The supply of the intermediary service is in the taxable territory
 "'On intermediary services, service provider must discharge GST liability'")
GST concession but only halfway
The latest exemption for services supplied by an establishment of a person in India to any other of that person outside India is an improvement over the earlier position when tax was payable
GST collections surge in July, miss Rs 1-trn target for third time in FY19
Since its rollout 13 months earlier, the new indirect tax has yielded Rs 1 trillion only in April 2018
 "GST collections surge in July, miss Rs 1-trn target for third time in FY19")
GST revenue shortfall: The Centre could be staring at a Rs 517 billion hole
Data accessed from finance ministry through the Right to Information Act suggests so
 "GST revenue shortfall: The Centre could be staring at a Rs 517 billion hole")
What gets cheaper as new GST rates kick in today? Here's a complete list
Apart from tax on sanitary pads being brought down from 12 per cent to zero, the GST council has recommended rate cut on an array of products which will be effective from this Friday
Letter to BS: Modi govt must share data on Goods and Services Tax
The government would do well to try and enthuse recipients of such supply, and encourage suppliers to enter the non-compounding system
GST rates cut for aam aadmi: Peak rate basked snipped; returns made easier
Rates on several items reduced; more sweeteners likely for MSMEs in Aug 4 meet
 "GST rates cut for aam aadmi: Peak rate basked snipped; returns made easier")
It'll happen in phases: Hasmukh Adhia on bringing petro products under GST
The finance ministry has expressed its intention to include natural gas and ATF within the purview of the goods and services tax soon
 "It'll happen in phases: Hasmukh Adhia on bringing petro products under GST")
GST: A common man's view
Consumers have reasons to look forward in the second year of this reform
With GST turning one, collections to top Rs 13 trn in FY19: Piyush Goyal
I assure you that average monthly GST collection will cross Rs 1.10 trillion, Goyal said
 "With GST turning one, collections to top Rs 13 trn in FY19: Piyush Goyal")
One year of GST: Industry experts blame high prices on lack of clarity
The GST regime, which was implemented from last July 1, has also failed to bring down property prices
 "One year of GST: Industry experts blame high prices on lack of clarity")
GST turns one: Leaving the birth pangs behind, it learns how to walk
GST was launched at midnight on July 1, 2017 having missed successive deadlines, over seven years after it was originally scheduled to be introduced
 "GST turns one: Leaving the birth pangs behind, it learns how to walk")
GST turns one: To mark first anniversary, govt to celebrate 'GST day' today
The tax reform was launched on the midnight on June 30 by Prime Minister Narendra Modi and the then President Pranab Mukherjee
 "GST turns one: To mark first anniversary, govt to celebrate 'GST day' today")
Centre plans to celebrate July 1 as GST-Day to mark one year anniversary
Sources said the government has decided to celebrate July 1 as the GST-Day
 "Centre plans to celebrate July 1 as GST-Day to mark one year anniversary")
If GST 'celebration of honesty', why did BJP oppose it: Chidambaram
Describing the GST as a fine example of cooperative federalism, Prime Minister Narendra Modi had said the new system was a "festival of honesty" which had ended 'inspector raj' in the country.
 "If GST 'celebration of honesty', why did BJP oppose it: Chidambaram")
Bringing petrol and diesel under GST impractical: NITI Aayog Vice Chairman
Ever since GST was rolled out on July 1 last year, there had been talk of bringing it under the GST with top government officials and ministers supporting the need for such a move
 "Bringing petrol and diesel under GST impractical: NITI Aayog Vice Chairman")
Political shadow on GST Council decisions as election season takes over
Reaching a consensus might get tougher, as already seen with issues like inclusion of natural gas in GST and imposition of a sugar cess, both central proposals being resisted
 "Political shadow on GST Council decisions as election season takes over")
Petrol, diesel to be under GST soon, says Dharmendra Pradhan
Oil prices are on the decline over last few days during which it has come down by one rupee aggregately
 "Petrol, diesel to be under GST soon, says Dharmendra Pradhan")
Goods and services tax tweak brings relief to soft drink manufacturers
Are companies using the differential in duty to tweak their products and reduce the huge tax burden?
 "Goods and services tax tweak brings relief to soft drink manufacturers")
