Page 12 - Gst Council

GST Council may take up rationalising tax rates, slab merger in next meet

15th Finance Commission has suggested merging 12 and 18% tax rates

Forward-looking Budget eases tax compliance; ball in GST council's court

Budget can be viewed as a positive and a forward-looking in line with promoting the vision of an 'Atmanirbhar Bharat', coupled with continued efforts to ease compliance and check tax evasion.

Gujarat HC serves notice on Centre over interest on delayed payments

Earlier, the GST Council had decided that interest up to 18 per cent would be levied only on delayed payment through cash ledger and not via input tax credit

Delhi High Court serves notice on govt, GST Council in real estate case

As such, the prima facie evidence as required under the anti-profiteering provisions of the CGST Act does not exist, according to the petitioner.

Cleaning up taxes

Govt must seize opportunity to reform holes in tax system

Traders urge Finance minister, GST council to modify new GST notification

Trading community urged FM Nirmala Sitharaman and GST Council to withdraw certain provisions of the new GST notification issued a few days back

Banking on Budget: Some key indirect tax measures govt should focus on

Having multiple GST rates not only leads to complexities in compliance and tax structure, but also does not optically make India tax-friendly and competitive globally

Fake invoice issue: GST Council law panel urges Aadhaar-like registration

Wants physical verification if applicants opt for non-aadhaar process. Committee met in the wake of rising number of fake invoices under GST system

Difficult to sustain Rs 1-trillion monthly GST collection, say experts

They believe the October mop-up may have resulted from pent-up demand, and are sceptical about the post-festive season scenario

LIVE: I-T refunds worth Rs 1.36 trn issued to 4 mn taxpayers till Nov 17

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Five more held for fake invoices under GST, total arrests reach 30

GST Council's law panel to meet on Wednesday to deliberate on actions to curb fake issuance of invoices

GST Council's law panel to meet on Wednesday over fake invoices

Meeting is part of nationwide drive against fake GST invoices; 25 held, 350 cases filed against 1,180 entities till Nov 13, crackdown resumes today after diwali recess

Raise GST borrowing to Rs 1.83 trillion, Kerala CM writes to FM Sitharaman

More states likely to write to FM today; Jharkhand rejects Centre's proposal

Bridge the gap

Centre's decision to borrow doesn't fully address the GST issue

GST compensation shortfall: Tamil Nadu becomes 21st state to pick Option 1

Gets nod to borrow Rs 9,600 crore, total additional borrowing touches Rs 78,000 crore

GST compensation: 21 states may borrow Rs 78,000 cr above Rs 1.1 trn option

Tamil Nadu opts for special window, gets permission to borrow Rs 9,600 crore, Kerala reacts strongly to the Centre's move to 'divide" states

Tamil Nadu, 20 more states to borrow Rs 78,452 cr to meet revenue shortfall

The decision comes days after the GST Council failed to reach a consensus on the stalemate over the Centre's proposal of states borrowing against future GST collections to make up for the shortfall.

Break the deadlock

GST compensation issue needs a pragmatic approach

Govt allows 20 states to raise Rs 68,825 cr in borrowing for GST shortfall

The decision came a day after the GST Council meeting failed to reach a consensus over the Centre's proposal of states borrowing against future GST collections to make up for the shortfall

GST Council meet on compensation mechanism inconclusive for second time

Kerala Finance Minister Thomas Isaac said, Sitharaman's announcement that she would permit 21 states to borrow in line with Option 1 was illegal