Page 2 - Central Goods And Services Tax

Minting money: States earned Rs 1.75 trillion from sale of alcohol in FY20

It was their third-largest source of revenue after GST and sales tax or value-added tax

Some criticism of GST put in proper perspective

The fact is that GST is not a flat tax

Broad strokes: Pricing power to help paint majors clock volume-led growth

Paint companies' relatively good performance in recent quarters, with double-digit volume growth and strong margins, is a key driving factor

Letter to BS: Controversy remains after CBIC removes circular on GST

What else could explain the fact that notwithstanding the withdrawal thereof by the CBIC, its over-enthusiastic field officers continue to harass the dealers

Claim settled by ECGC can be considered for incentives under FTP

A claim settled by ECGC can be considered for eligibility of incentives under FTP and drawback but not for service tax refund