Page 17 - Gst Council

Trade wants GST Council to change late payment rule

Demands on the basis of gross tax liability can be held in abeyance

States to get Oct-Nov GST compensation before next Council meet

The Centre has estimated a compensation cess shortage of Rs 63,200 crore in 2019-20 (FY20)

Some criticism of GST put in proper perspective

The fact is that GST is not a flat tax

AI, data analytics help GST collection, loopholes being plugged: Sitharaman

Red-flag reports prepared every month, SMS being sent to those mentioned therein

Union Budget 2020: Fake invoicing under GST a non-bailable offence

Sitharaman announced that the new GST return framework and e-invoicing would be implemented from April 1, to improve compliance and plug the tax revenue leakages

No wish for laws treating businesses with suspicion: FM Nirmala Sitharaman

This, after Tata Sons chairman said that businesses need supervision and not suspicion

Amid revenue shortage, govt begins audit of GST returns for FY 2017-18

The instruction is that audit of large units be completed within seven working days, of medium units in five working days and of small ones in three

New year begins on positive note

The government's new year gift is extension of the time limit to avail of the service tax and central excise dispute resolution scheme by 15 days

New political landscape leaves BJP at mercy of others in GST Council

The party controls 15 states and is short of the 75% vote share needed to pass decisions

Clearing GST Council voting harder for govt as BJP loses grip over states

The party, which controls 15 states, falls short of the 75% vote share needed to pass a decision. And it doesn't have an Arun Jaitley to broker a consensus on contentious matters

FinMin to discuss ways with tax commissioners to plug GST leaks on Jan 14

Even as the GST collection crossed Rs 1-trn mark for the 2nd month in a row in December, the receipts were nowhere near Rs 1.10 trn required every month from Dec onwards to meet the target for 2019-20

Mobile handset manufacturers seek GST cut to 12% from 18-28% on accessories

The PCBA is a key component in the mobile manufacturing ecosystem. It sought continuation of BCD on mobile phones at 20 per cent

What may lie ahead in 2020

Nobody can anticipate, let alone predict, what Mr Modi will do in 2020.

GST facelift: Electronic invoicing, new returns to be introduced in 2020

In the e-invoicing system, the invoices are authenticated electronically by GST Network (GSTN) for further use on the common GST portal.

FinMin asks GST Council to form grievance redressal mechanism for taxpayers

The proposal in this regard was approved last week by the GST Council

Best of BS Opinion: Rethinking GST, Citizenship Act protest, and more

Here's a collection of Business Standard Opinion pieces for the day

Re-think GST: No economy can afford to persist with a failed tax experiment

Let's pretend no more that the system isn't broken. The Centre needs to break heads in the GST Council and work out new slabs and rates (the fewer the better) and make a fresh start, writes T N Ninan

Centre breached basic trust on which GST was designed: Kerala FM Isaac

'Raising taxes in times of recession will be counter-productive', said Issac

Top biz headlines: Mistry back as Tata chairman, GST Council meet, & more

In a first, the GST Council on Wednesday resorted to voting to decide an issue

GST Council fixes 28% uniform tax rate for lottery effective March 2020

The panel also relaxed levy of penalty for non-filing of GSTR-1 from July 2017