Page 49 - Gst

Covid-19 relief: Aadhaar-PAN linking deadline extended to Jun 30, says FM

Last date for filing March, April and May 2020 GST returns extended to June 30, 2020

Mix of needed and negatives

The most notable was to charge interest for delay in payment of GST on net cash tax liability, with effect from July 1, 2017

GST on mobile phones hiked to 18% from 12%, some relief on delayed payment

GST on MRO services on aircraft down from 18% to 5% with full input tax credit, due date for FY19 annual return extended to June 30

GST on mobile phones hiked to 18% from 12%, some relief on delayed payment

GST on MRO services on aircraft down from 18% to 5% with full input tax credit, due date for FY19 annual return extended to June 30

Don't hike GST rates amid tough times, says West Bengal FM Amit Mitra

He said the proposed hike, aimed to correct the inverted duty structure, must be deferred as markets in India were facing a double whammy of stagflation and coronavirus

WTO-compliant remission of tax scheme for exporters gets canbinet nod

Under the scheme, an inter-ministerial committee will determine the rates and items on which the reimbursement of taxes and duties would be provided.

Top 10 biz headlines: ED probes Rana Kapoor, GST on phones to rise and more

From Gujarat HC's notices over surcharge imposition to IndiGo's profit warning, here are the top 10 business stories for the day

GST portal glitches to dominate agenda of Council meeting on Saturday

States may ask Infosys to have a point of contact; IT firm chairman Nilekani to a presentation on Saturday

Govt gives Infosys 15 days to submit plan to quickly fix glitches in GSTN

It was also decided to ask Infosys Chairman Nandan Nilekani to make an urgent presentation before the GST Council on March 14

Don't increase GST

Higher tax rates will stifle demand and growth

Commercial vehicles continue to slip, top cos see decline in February sales

Industry representatives have said the situation is unlikely to improve soon as India's economic activity is yet to pick up due to less business activity and consumer spending

GST collections: From Maharashtra to Rajasthan, how top 10 states fare

Karnataka, Uttar Pradesh, and West Bengal witnessed a significant increase in GST collections

Govt's monthly GST lottery scheme to curb tax evasion to begin from April 1

Under the scheme, the revenue department will conduct monthly lucky draws which will have one bumper prize, while there would be second and third prizes state wise

Slowdown due to govt focusing more on political agenda than economy: Rajan

India can still reverse its slowing economic growth by paying attention to key issues, he added

CBI books GST Asst Commissioner Deepak Pandit for undeclared income

In a tweet in 2018, Ashoke Pandit had described him as his "younger brother"

West Bengal FM Amit Mitra worried over Rs 11,000 cr GST dues to state

Says while Centre had targeted collection at 21%, actual figure has been hovering at 1.5%

Odisha expecting GST compensation grants of Rs 6,200 cr for FY21

State GST is the single largest component of Odisha's tax revenue

Foreigners' interest in India remains intact for now, says Samir Arora

As of now, it seems that the markets are seeing through the coronavirus issue and playing for the phase when the virus is contained and does not create any uncertainty or risk.

Trade wants GST Council to change late payment rule

Demands on the basis of gross tax liability can be held in abeyance

Centre approves levy of 28% GST on lotteries from March 1, rate notified

The revenue department notified the GST rate on supply of lotteries and amended its earlier Central Tax (Rate) notification