Page 6 - Latest Updates on Goods and Services Tax
GST changes from Monday may put pressure on retail inflation: Experts
Falling global commodity prices may neutralise the impact, say experts
 "GST changes from Monday may put pressure on retail inflation: Experts")
GST on labelled food items, hospital rooms above Rs 5K from Monday
Tax rates on products such as printing, writing or drawing ink; knives with cutting blades, paper knives and pencil sharpeners will be hiked to 18 per cent on Monday
FinMin seeks industry views on changes in monthly GST payment form
The finance ministry on Friday released a paper suggesting changes in the monthly GST payment form and sought industry comments by September 15.
 "FinMin seeks industry views on changes in monthly GST payment form")
Global recession fears may ease inflationary pressures: Govt report
CAD will deteriorate if crude prices don't come down
 "Global recession fears may ease inflationary pressures: Govt report")
Crisis and macroeconomic policy
The book is worth a read for all those interested in our economy - students or commentators of various tints - not least because most arguments are data-anchored but devoid of spite
 "Crisis and macroeconomic policy")
GoM on GST Appellate Tribunal set up, to be headed by Dushyant Chautala
The Goods and Services Tax (GST) Council has set up a six-member group of ministers (GoM) to recommend necessary amendments required in the GST laws and other legal changes for setting up the GSTAT
5 years of GST: Why the indirect tax regime may not see big-bang reforms
From July 1, 2017, a uniform tax on goods and services - marketed by Prime Minister Narendra Modi as "One Nation, One Tax, One Market" - replaced a bewildering array of local sales and entry levies
 "5 years of GST: Why the indirect tax regime may not see big-bang reforms")
Scope for further pruning of GST exemption list: Revenue secy Tarun Bajaj
Industry body Ficci in a letter to the finance ministry on Monday said that 5 per cent GST on non-ICU hospital rooms above Rs 5,000 will increase the cost of healthcare services
 "Scope for further pruning of GST exemption list: Revenue secy Tarun Bajaj")
Policymakers don't have fetish to raise rates: Revenue secy Tarun Bajaj
But the government is open to discussing narrowing down the three slabs of 5, 12 and 18 per cent into two, he said while addressing industry leaders
No GST compensation: Will the Centre find another way to give states money?
It is also important to see which states can finance a reasonable portion of their regular expenditure with their own revenue
Useful recommendations of GST Council for exporters
The present exemption of IGST on import of goods under advance authorisation, Export Promotion Capital Goods (EPCG) authorisation and by Export-Oriented Units will be continued
GST collection at Rs 1.45 trillion in June, the second highest ever
Average GST collections at Rs 1.51 trillion a month in the first quarter of the current financial year are much higher than the Rs 1.2 trillion derived from the Budget Estimates
 "GST collection at Rs 1.45 trillion in June, the second highest ever")
Five years of GST: Mistakes that have made the regime a disappointment
Addressing mistakes made while introducing the tax and getting back to a revenue-neutral rate(s) constitute the agenda that awaits attention
 "Five years of GST: Mistakes that have made the regime a disappointment")
GST: What lies ahead for India's most ambitious indirect tax reform?
The continuation of a business-as-usual approach can undermine the GST's ability to either raise revenues for the government or improve the ease of doing business
 "GST: What lies ahead for India's most ambitious indirect tax reform?")
Five years of GST: The still good, but not-so-simple indirect tax
The GST is still paying the price for govts talking the talk of a good and simple tax on July 1, 2017, but not walking the walk thereafter
Five years of GST: Collections up, but filings decline, shows data
A Business Standard analysis found that returns filed under GSTR-3B declined 13.8 per cent YoY in FY22
 "Five years of GST: Collections up, but filings decline, shows data")
5 years of GST: How far has it lived up to promise of simple tax regime
Goods and Services Tax: Here's a look at the journey so far
Five years of GST: Taxing time for relations between Centre and states
Shrinking fiscal space has brought states on a collision course with the Centre
 "Five years of GST: Taxing time for relations between Centre and states")
Five years of GST: Chidambaram to Sitharaman, the people behind the reform
The benefits of GST will positively ensure it to be 'Good and Simple Tax' for citizens of India, says Prime Minister Narendra Modi on the eve of the GST launch
 "Five years of GST: Chidambaram to Sitharaman, the people behind the reform")
Change in GST rates may generate Rs 15K cr a year: Revenue secy Tarun Bajaj
'Implementing GST was challenging in a country like India, which follows a federal structure'
 "Change in GST rates may generate Rs 15K cr a year: Revenue secy Tarun Bajaj")
