Page 43 - Gst
No consensus on borrowing for shortfall in GST compensation cess, says FM
The GST Council meeting is underway. FM Nirmala Sitharaman is expected to address the media sooon
 "No consensus on borrowing for shortfall in GST compensation cess, says FM")
Delhi man held by DGGI in Rs 190 crore fake input tax credit case
DGGI GZU has arrested a Delhi resident on charges of setting up and operating fictitious firms on forged documents and passing fake ITC totalling Rs 190 crore
 "Delhi man held by DGGI in Rs 190 crore fake input tax credit case")
Taxpayers have to show only FY19 transactions in annual GST return: FinMin
The ministry said certain representations have been received stating that certain tables in the auto populated GSTR-9 for the year 2018-19 also include the data for the financial year 2017-18
 "Taxpayers have to show only FY19 transactions in annual GST return: FinMin")
Deep Dive with AKB: GST row and the question of cooperative federalism
When the coronavirus pandemic has hit the Indian economy hard and squeezed government revenues, we are seeing quite a row between the Centre and states over GST compensation.
Deep Dive with AKB: GST row and the question of cooperative federalism
When the coronavirus pandemic has hit the Indian economy hard and squeezed government revenues, we are seeing quite a row between the Centre and states over GST compensation.
 "Deep Dive with AKB: GST row and the question of cooperative federalism")
Why economists remain pessimistic amid signs of economic recovery
Some believe recent indicators like GST numbers are overstated, most are sceptical about the impact of a stubborn pandemic
 "Why economists remain pessimistic amid signs of economic recovery")
Top headlines: TCS crosses Rs 10 trn m-cap; GST deadlock continues
From deadlock over GST compensation dominating council meeting to DoT looking for more spectrum to meet 5G demand, here are top headlines this morning
 "Top headlines: TCS crosses Rs 10 trn m-cap; GST deadlock continues")
No breakthrough in GST compensation deadlock; next Council meet on Oct 12
About two thirds of states opt for RBI-window of Rs 1.10 trillion, rest still want the Centre to borrow instead
 "No breakthrough in GST compensation deadlock; next Council meet on Oct 12")
Tamil Nadu may go with Option-1 for GST compensation, but seeks tweaks
State reiterates that Centre is bound to compensate the shortfall in GST collections and should find necessary funds for the purpose if there was a shortfall in cess collections
 "Tamil Nadu may go with Option-1 for GST compensation, but seeks tweaks")
Karnataka appellate authority rules 18% GST on whole wheat 'parota' is void
Karnataka Appellate Authority of Advance Ruling has given a ruling that the 18 per cent GST applicable on whole wheat parantha or parota (fried flat bread) and Malabar Parota is void ab initio
Covid-19 impact: States likely to get IGST dues worth Rs 24,000 crore
The proposal will be presented to the GST Council for approval at the meeting on Monday, expected to be a stormy one over the issue of compensation
 "Covid-19 impact: States likely to get IGST dues worth Rs 24,000 crore")
Govt defers implementation of QR Code on B2C invoices till December1
Quick Response Code or QR Code help users verify the details in the digitally signed e-invoice
 "Govt defers implementation of QR Code on B2C invoices till December1")
National Anti-Profiteering Authority and the company vs consumer tug-of-war
While businesses have issues with NAA's methodology of computing profiteering, consumers are defending their right to be charged fair prices and are supportive of the authority
 "National Anti-Profiteering Authority and the company vs consumer tug-of-war")
CAG findings on IGST sharing may strain Centre-state relations further
As per rules, IGST must be shared equally between Centre and states and union govt is bound to part with another 42% of its share as per 15th Finance Commission recommendations
 "CAG findings on IGST sharing may strain Centre-state relations further")
Eligibility to prepare e-invoice under GST based on PAN, says expert
One have to prepare e-invoice for all your supplies with effect from October 1, 2020, expert suggests
 "Eligibility to prepare e-invoice under GST based on PAN, says expert")
GST-registered businesses to get pre-filled return form soon: GSTN CEO
GSTN, which handles the IT backbone for GST has already started providing tax liability data based on sales return GSTR-1 of the taxpayer to be used in his tax payment form GSTR-3B in pdf form
We may go terribly right or wrong, says 15th FC chairman N K Singh
Singh told Arup Roychoudhury and Indivjal Dhasmana that the Commission could recommend spending 2.5 per cent of GDP on health in the light of the Covid-19
 "We may go terribly right or wrong, says 15th FC chairman N K Singh")
GST reduction on two-wheelers to act as 'tailwind' for industry: HMSI
"It will definitely help and act as a tailwind for the industry against what we are seeing today, the headwinds from multiple sides," Guleria noted
 "GST reduction on two-wheelers to act as 'tailwind' for industry: HMSI")
Entries invited for contest on showcasing GST reforms on video, graphics
Top prize of Rs 1 lakh, four runners-up to get Rs 50,000 each; GSTN releases a series of themes on which the entries could be based
Fan manufacturers want GST for sector to be lowered to 5% from 18%
Indian fan manufacturers on Thursday sought lower GST rate at 5 per cent on fans, saying the existing 18 per cent tax is "adversely" impacting the industry