Page 19 - Gst

States to push for continuing GST compensation beyond June: Report

The 47th GST Council meeting, chaired by Nirmala Sitharaman and comprising state Finance Ministers, in Chandigarh scheduled on June 28-29 is likely to see discussion veer around compensation mechanism

We hope to mop up Rs 1.3 trn GST in current fiscal year: CBIC's Vivek Johri

System 'revolutionised' to plug chances of leakage, he tells 'Business Standard' in interview

Fitment committee rejects demands to reduce GST rate on over 200 items

The Council unlikely to decide on taking crypto assets in next week's meeting in Chandigarh.

GST enforcement: A fine balance in catching fraud, not harassing taxpayers

The government has tightened GST norms. But some of the changes have caused "inconvenience" to taxpayers, to say the least.

5 years on, work still in progress: The promises, challenges of GST regime

While tax evasion, technical glitches, and litigation continue to plague the indirect tax system, the revenue collections have picked up in recent months

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

Supreme Court ruling on GST emboldens states against PM Modi's govt

Finance ministers from the opposition-led Kerala, West Bengal and Chhattisgarh have said they will raise the issue at a meeting of the GST Council this month

CBIC issues guidelines for post audit and refund claims under GST

This is following several reports CBIC received about different practices being followed by the field formations, creating issues for taxpayers

GoM on GST rate rejig to meet tomorrow, may seek extension to submit report

The ministerial panel, headed by Karnataka CM Basavaraj Bommai, will be meeting for the second time since it was set up in September last year

90% of business leaders feel GST made doing business easy: Deloitte survey

The GST regime has also positively affected the prices and costs of goods and services to end consumers, along with helping companies optimise their supply chains, Deloitte GST@5 Survey 2022 found.

Group of Ministers on GST rate rationalisation to meet on June 17

The GST Council, comprising finance ministers of the Centre and states, is likely to meet by the end of this month and will discuss, among other things, the GoM interim report on rate rationalisation

Extend GST compensation to states by 3-5 yrs more: Amit Mitra to Sitharaman

Unforeseen battle against pandemic has put states' fiscal health under huge stress, he says in letter to FM

FY23 tax collection likely to be better than budget estimate: Revenue Secy

The country's tax collections soared to a record high of Rs 27.07 lakh crore last year, compared to budget estimate of Rs 22.17 lakh crore.

Top headlines: Credit cards to be linked to UPI, rate hike to push up costs

The Reserve Bank of India (RBI) on Wednesday allowed linking of credit cards to Unified Payments Interface (UPI)

Goods or services? GST law committee's cryptocurrency dilemma

Tax treatment decision after there's clarity on classification

Time to rationalise

GST structure needs improvement

India's growth to enhance once cloud of pandemic, conflict recedes: CEA

The impact of structural reforms, like GST and IBC, will help boost India's growth once the cloud of the pandemic and geopolitical conflict recedes, Chief Economic Advisor Anantha Nageswaran said

Too many flip-flops and about-turns

Policy rollbacks and modifications happening too frequently spook businessmen - both domestic and global

Statsguru: Six charts show GST's revenue challenge for Centre, state govts

But a longer-term perspective on state collections raises questions on GST's ability to fulfil certain primary objectives