Page 32 - Gst

Structural changes in GST

Correction to revenue-neutral rate must not be delayed

Quick analysis of petroleum's contribution to Centre and states' exchequer

Petroleum's share of taxes not included in GST rose to 20% in FY20. While 40% of this should go to the states, the Centre has been raising cess on petroleum, which isn't shared with states

States slam FM plan to not extend GST compensation after June 2022

Opposition-ruled states saymatter was deferred for further discussions during Friday's meeting

Come Jan 1,non-filers of monthly GST return to be barred from filing GSTR-1

Businesses that default on filing summary return and paying monthly GST will not be able to file GSTR-1 sales return of the succeeding month from January 1 next year.

Swiggy, Zomato to pay GST from Jan; expensive life-saving drugs exempted

GST Council decides against inclusion of petroleum

Compensation cess and petroleum to fire up GST Council meeting

The Centre is likely to convey that GST revenues would do better than expected this year and a compensation cess of Rs 1 trillion would be released to states

Next steps for GST Council

It should address issues with a longer-term view

Will GST be structurally overhauled at the Council's meeting in Lucknow?

Apart from fewer slabs, the council will do well to take on issues like bringing petroleum under GST, addressing conflicting rulings of AARs and the issue of compensation to states beyond 2022

GST Council may deliver blow to food-delivery operators Swiggy, Zomato

Many restaurants are not depositing GST, while some are not even registered

Coconut oil in less than 1-litre bottle may soon attract 18% GST

Coconut oil sold in a container of 1,000 ml or above would be taxed as edible oil and attract 5 per cent GST

GST Council to weigh bringing fuel under indirect tax regime: Report

Any change to the GST system would require approval by three-fourths of the panel, which includes representatives from all states and territories

GST Council may allow intra-state pharma cess, discuss states' dues

It may discuss extending the compensation cess for states beyond 2022

GST Council may take up proposal for cutting rate on steel scrap to 5%

The GST rate on other kinds of scrap such as plastic, rubber, and wood has already been reduced from 18% to 5%

Hit by GST recovery notices and summons, industry calls for help

GST authorities are issuing notices containing denial of input tax credit and in many cases they are blocking the entire input tax credit, even if only one vendor fails to deposit GST

Gujarat AAR rules parathas are not ready-to-eat, puts them under 18% GST

Ruling is in response to Vadilal Industries' query on whether they would attract 5%, as in the case of khakras or rotis

SME Chatroom: 'RoSCTL claims must be filed within the stipulated deadlines'

There is no provision of late cut under RoSCTL

How RSS sends clear signals to intended groups while evading accountability

RSS effort to distance itself from Panchjanya as thin as its claim of being a 'cultural organisation'

GST mop-up dips but stays above Rs 1 trillion for the second month

August number contrasts sharp pick-up seen in daily e-way bill generation

Top headlines: Aug GST collection Rs 1.12 trn; AU SFB clears air on exits

Business Standard brings you the top stories this evening

R C Bhargava, Venu Srinivasan face off with govt on auto GST rate

Sales of commercial vehicles in FY21 were the worst in 11 years; for three-wheelers, they were the lowest in 19 years