Page 53 - Gst

Letter to BS: IMF suggestions, not protectionism, will push $5-trn dream

This is a wider national cause and any buoyancy in the collections will benefit both the Centre and the states

Zoomcar prepares to be electric vehicle-driven by 2025, plans expansion

The company, which rents cars by the hour, day, week and month, has Mahindra E2O Plus and Tata E Tigor available on the platform for which it charges a subscription fee of Rs 15,000-20,000 per month

Those not filing GST returns may face attachment of property, bank accounts

The GST commissioner may resort to provisional attachment under the section 83 of the Central GST Act

FinMin asks GST Council to form grievance redressal mechanism for taxpayers

The proposal in this regard was approved last week by the GST Council

Ahead of GST meet, FICCI body calls for retaining rates on tobacco products

Currently, GST rate on these products are 28 per cent while cess varies between 61 to 204 per cent

GST fraud worth Rs 900 crore busted, three sent to judicial custody in TN

The kingpin and two of his accomplices were arrested and produced before a court which remanded him in judicial custody and further probe is on, the official said

Statsguru: Despite GST dues payment, worries far from over on revenue front

IGST collection on imports shows a disturbing trend with a fall for four consecutive months

Centre & states face off on cess

The Council decided to restrict ITC for unmatched invoices, improve tax collection, get more persons to file returns and rationalise some rates

No possibility of GST rate hike till revenue stabilises: Sushil Modi

He said the Council had decided to consider changes in the rates once a year, and not in each and every meeting

Re-think GST: No economy can afford to persist with a failed tax experiment

Let's pretend no more that the system isn't broken. The Centre needs to break heads in the GST Council and work out new slabs and rates (the fewer the better) and make a fresh start, writes T N Ninan

Business failures can't be deemed as crimes, will reform laws, says PM Modi

Speaking at an Assocham event, he said the recent cut in corporate tax has brought rates to all-time low for businesses

Don't over-react on GST

Govt must be restrained on collection targets

Business fears hit to cash flow from new GST input tax credit restriction

Gupta of ClearTax feels a further reduction in credit could have been considered later

Centre breached basic trust on which GST was designed: Kerala FM Isaac

'Raising taxes in times of recession will be counter-productive', said Issac

In a first, GST Council votes to tax lotteries at uniform rate of 28%

All the earlier decisions by the Council had been taken through consensus

Citizenship Act: Assam suspends intra-state e-way bill generation amid stir

In a notification, the Assam government said that several representations were received from different trade bodies and stakeholders to temporarily exempt them from generation of e-way bill.

Top headlines: Monthly GST target revised, PE/VC investment up 3X, and more

According to reports, the government has set a Rs 1.1 trn monthly GST mop-up target for the remaining four months of 2019-20 financial year

Retail loans set to double to Rs 96 trn in next 5 yrs: ICICI-CRISIL report

Apart from this, the regulatory and legislative measures taken by the government in the past few years have propelled growth in low-cost housing loans

GST council meet on Wed, set to focus on falling collections, rate hike

With the revenue shortfall looming large, there have been suggestions for raising GST rate and cess to meet the gap

Centre releases over Rs 35,000 crore relief to states ahead of GST meet

The payment was pending since August, drawing protests from states, particularly non-BJP ruled ones