Page 2 - Gst Tax

Last push for tax

March GST higher than expected, direct tax collection jumps

GST rule change to aid businesses with better cash flow management

Taxpayer can pay SGST using IGST credit before using the latter to set off CGST liability

Distorted criticisms on GST

The author's favourite theory is that black money cannot be removed by the GST

Expensive cars, jewellery to become cheaper as TCS to be out of GST working

Under Income Tax Act, tax collection at source is levied at 1% on purchase of vehicles above Rs 10 lakh, jewellery exceeding Rs 5 lakh and bullion over Rs 2 lakh

Odisha bars input credit under GST for firms maintaining staff guesthouses

An order to this effect has been given by Appellate Authority for Advance Ruling (AAAR), Odisha, in a case relating to NALCO and order given by Authority for Advance Ruling, or AAR

Important changes made in GST rules

Merchanting trade, when an Indian buys goods from a foreign country and then sells these to a buyer in another country, without bringing the goods into India, will not attract GST

Rs 177-cr GST fraud: Man arrested in Gujarat for issuing fake tax invoices

The accused allegedly obtained GST registration, GST identity cards, login-password, SIM cards, bank accounts and online passwords in the name of dummy owners

GoM to examine GST tax rate, composition scheme for real estate sector

The panel would also examine the legality of inclusion/exclusion of land or any other ingredient, in composition and suggest valuation mechanism

Clearly, GST is still 'work in progress'

The avalanche of notifications and circulars show the GST regime is yet to stabilise

Modi scared after defeat in 3 states, forced to slash GST rates: Rahul

Gandhi also attached a video of his election campaign during the Gujarat Assembly polls last year in which he had made the GST's 'flawed implementation' a key issue

Modi government, ICAI to team up for training accountants on GST

The move of the government is tipped to help 12 million GST assesses in filing their returns in a hassle free manner

GST led to household savings as tax rates came down, says report

An array of goods including milk powder, curd and mineral water are taxed at lesser rate under the GST than previously

Can a GST-mukt Bharat become a campaign promise in 2019 elections?

India's GST is a veritable mess - it has multiple rates, very high tax slabs at that, revenues generated appear inadequate, and there is little transparency about the way it works

Did we just miss the biggest opportunity?

A year after the GST roll-out, most companies have hastily worked out plans to re-configure their network. But only a few have taken a long-term look at their supply chain strategies

Companies struggling for IGST refunds in hill states, especially J&K

In fact, 29% refunds are also not available in some cases owing to procedural issues

Some GST issues need clarifying

The absence of any provision to take input tax credit of additional duties of customs paid towards regularisation of defaults under advance authorisation remains a major unresolved issue

GST's latest in word cascade

When the Goods and Services Tax (GST) was introduced, exporters were entitled to claim refund of Integrated GST (IGST) paid on goods shipped out

How prone is GST to evasion?

The GST has been tried for decades in other countries, particularly in Europe. Even then such frauds are taking place there

Niggles remain

GST continues to suffer from inadequate planning

Sanitary napkins, footwear, 86 more items may get cheaper from today

Refrigerator, washing machine, small screen TV, storage water heaters, paints and varnishes will attract 18 per cent GST from tomorrow, as against 28 per cent at present.