Page 36 - Gst

Industry hails relief for GST non-filers, demands no tax on health services

Ficci President Uday Shankar said a quick decision on GST rates on Covid related essentials will help us attain self-sufficiency in this need of the hour.

'GST compensation amount should be higher than Rs 1.58 trillion in FY22'

The compensation amount promised by the Centre is estimated to be higher than the Rs 1.58 trillion projected by the Centre, say three opposition-ruled states

Govt announces GoM to examine GST exemption for Covid relief material

The GoM shall submit its report by June 8

Priyanka Gandhi demands removal of GST from Covid-related drugs, equipment

Ahead of the 43rd GST Council meeting, the Congress leader demanded that the Centre remove GST from all life-saving medicines and equipment being used in the fight against the pandemic

Rate changes to e-invoicing: 5 things to know about GST council meet today

Meeting is likely to exempt government departments and local authorities from e-invoicing.

GST Council to discuss tax rate cut on Covid essentials on Friday

Compensation to states also on the agenda

Panel to examine valuation of services by casinos, online gaming for GST

The government has set up a panel of state ministers

Structural shift

Higher GST collection reflects better compliance

The time has come for a states income tax

What better way is there to empower states than for them to have their own income tax and have a greater degree of financial independence?

Covid-related imports not exempt from IGST if payment made: Expert

GST will be payable whether you buy from a party abroad or from a local supplier

Haryana first state to reimburse GST on Covid-related donations

Reimbursement will be available only in cases where Covid-19 related material is donated free of cost to the government of Haryana, state-run hospitals, or any hospitals or institutions

Notify Covid-19 vaccines as zero-rated supply under GST, say experts

Tax waiver on entire Covid-related supply chain could prevent a rise in price

GST exemption on vaccines will lead to high prices: FM Sitharaman

Statement follows West Bengal CM Mamata Banerjee's letter to PM seeking GST exemption

Covid-19 pandemic: Odisha seeks GST exemption on purchase of vaccines

Odisha also asks for financial assistance to states from the cess and surcharge collected by the Union government from various products

E-way bills likely to fall to five-month low amid Covid-19 lockdown

Likely to decline to 55-58 million in April

Govt waives late fee on delayed filing of March, April GSTR-3B, tax payment

The government has waived late fee on delayed filing of monthly return GSTR-3B and tax payment for the months of March and April and also cut interest rate for late filers

'FTP benefits are available against settlement of claims by ECGC'

Expert answers readers' SME queries related to excise, VAT and exim policy

Centre surpasses its revenue targets but higher food subsidy cancels gains

While govt made Rs 1.16 trn more revenue, it spent Rs 1.18 trn more on food subsidy too. But it can be said that the govt used the gains it made to settle FCI arrears once and for all

GST officers to soon have real-time data on vehicles moving without e-way

The government is working on a system to soon provide report to GST officers on a real-time basis for those vehicles which are moving without e-way bills

Flavoured milk taxable at 12% under GST: AAR rules in Amul dairy case

Flavoured milk is basically 'beverage containing milk' and will attract 12 per cent GST, the Gujarat Authority for Advance Ruling (AAR) has said