The Centre may release about Rs 35,000 crore to states as GST arrears by September-end, Business Standard has learnt
GST compensation has remained a sticking point between the Centre and states
Currently, the value of exports and imports of services is released by the Reserve Bank of India (RBI) and it comes with a lag of over two months
The government dismissed media reports which claimed that there is an 18 per cent Goods and Services Tax (GST) on house rent paid by tenants.
Is the worst of inflation behind us? How can we solve India Inc's high CEO pay problem? Is it time to sell dairy stocks? Do you need to pay GST on rent? All answers here
Dependence on cess and surcharge must come down
GGR is the total amount collected by casinos and online gaming companies before shelling out the money to the winners
Among other things, making the direct tax regime less confusing and bringing in expenditure reform are crucial challenges for the central government
The Centre's recent move to impose GST on services rendered by the markets regulator, Securities and Exchange Board of India (Sebi), has rattled FPIs
Is banning cheap Chinese phones a prudent move? Will bumper GST collections weaken states' case for compensation? Are large caps a better bet for investors? What is Bharat NCAP rating? Answers here
Here is the best of Business Standard's opinion pieces for Wednesday
Recent buoyancy in GST collections should be used to usher in reforms in the tax system
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Public can't be blamed for being wary of the current Congress protests against price rise and unemployment. They have too closely tailed protests directed against ED summons to Sonia and Rahul Gandhi
Crop diversification discussed most extensively in NITI governing council meet
Around 50 Congress workers demonstrated outside the governor's residence, wearing black clothes, holding placards and shouting slogans.
The new phones in iPhone 14 series are expected to be launched in green, purple, blue, black, white and red colours
There is fear that entities may be asked to reverse ITC or pay back refunds, experts say
Ahead of the RBI MPC's statement today, while market participants are certain about a rate hike, there are also growing calls for a shift in the central bank's stance. Read more in our top headlines