Page 6 - Gst Council

Five years of GST: Indirect tax reformed, but there's still some way to go

July 1 will mark five years of goods and services tax (GST) in India. Starting today, we track the journey through a series of reports

GST panel to submit interim report on exempted items, may prune list

No decision on rate rejig; to meet again for further deliberation

Electric vehicles: India may slash GST on lithium-ion batteries to 5%

India likely to slash the GST rate on lithium-ion batteries from 18% to 5%

Time to rationalise

GST structure needs improvement

Centre working on mechanism to resolve GST disputes with states: Report

The finance ministry is working on the procedures of the GST dispute resolution mechanism as some of the states have been demanding

GoM may suggest pruning GST exemption list ahead of Council meeting

A meeting of the GST Council is expected this month or early next month. It may discuss the inverted duty structure, too

Storm in a GST cup

The notion that the recent Supreme Court ruling alters the nature of fiscal federalism is misplaced, but the Council would do well to set up dispute resolution tribunals

GST: Cooler heads for constructive ends

To be sure, the cooperative spirit has gone missing since about 2018, reflecting the heavy-handedness of the Centre, not just on the GST but across a range of issues

Best of BS Opinion: Crude economics, passive approach, and more

Here are the top BS Opinion articles of the day

Why the states are grumbling

The structure of central levies on petrol and diesel needs a review followed by their inclusion in GST

Top headlines: SBI loan to Sri Lanka, T+1 settlement cycle, and more

From State Bank of India to T+1 settlement, here are the top headlines on Tuesday morning

States seek legal views on Supreme Court ruling before GST Council meet

While many states want to extend the GST compensation regime beyond June 2022, the Centre's view stands that the compensation will be given to states only until that time

SC strikes down levy of GST on ocean freight in CIF contracts

The matter before the Court was the appeal against the decision of Gujarat High Court in the case of Mohit Minerals Pvt. Ltd

SC verdict on GST Council's recommendations will have no practical impact

Why has no state, since July 2017 when GST was implemented, set different rates for itself? The answer is self-interest

Top Headlines: IMF's prediction, GST Council recommendations, and more

The International Monetary Fund (IMF) has "corrected" an error in its calculations to now project that India would become a $5-trillion economy by 2026-27

Best of BS Opinion: SC verdict on GST Council, merger wave in media & more

Here is the best of Business Standard's opinion pieces for Friday

How will the SC ruling affect the GST framework?

The Supreme Court ruled that GST on ocean freight paid for import of goods is unconstitutional. What does this mean for the GST framework? How will it affect the Centre's relationship with states?

Non-BJP states hail Supreme Court verdict on GST Council recommendations

Verdict upholds federal rights of states and the people: Kerala FM Balagopal

SC verdict on GST Council: Importers to save on 5% IGST on ocean freight

SC said the impugned levy imposed on the 'service' aspect of the transaction is in violation of the principle of 'composite supply' enshrined under Section 2(30) read with Section 8 of the CGST Act

GST Council will work like it has for 5 years: Tarun Bajaj on SC verdict

Bajaj clarified that Article 279A of the Constitution allows the Council to make recommendations but nowhere has it said that Council will 'mandate'