Page 54 - Gst

Centre releases over Rs 35,000 crore as pending GST compensation to states

Move comes ahead of GST Council meeting

Impact of GST will take time, results will not be visible overnight: Debroy

The GST collections came in at Rs 95,380 crore in October, down 5.29 per cent from Rs 1,00,710 crore in the same month last year, as per government data

Post GST, FMCG firms top in consumer complaints for over-charging customers

As per official data, as many as 42 consumer complaints were registered against various FMCG companies with many of them found to be not passing the benefits of lower tax rates

Budget 2020: Venture Capitals, startups seek budgetary aid in meet with FM

The Nasscom has also sought that IT and BPO firms should not be treated as financial intermediaries for the goods and services tax (GST).

Under fire, Centre releases Rs 35,298 crore GST compensation to states

The GST Council, the highest decision making body of the indirect tax regime, is slated to hold its meeting on December 18

Centre will not renege on promise of GST compensations, FM assures states

The delays to pass on the money are due to a slip in collections and the states have nothing to be embarrassed about, she said

Centre will honour GST compensation payment to states, says FM Sitharaman

This monthly compensation was to be paid within two months but states haven't received any such amount since August 2019

Rating alarm

India needs policy intervention at multiple levels

Jewellery demand rises ahead of expected GST hike as gold prices moderate

India's jewellery demand has remained subdued this year because of the sharp increase in gold prices

Soon, govt may introduce lottery system to incentivise GST filing

On the lines of the Delhi government's scheme for consumers under the VAT regime, the Centre's lottery system will aim to increase compliance

Higher GST rate on mobiles, fabrics likely to boost revenue collection

The GST rate on mobile phones is 12%, whereas that on phone parts and batteries is 18%

Key decisions likely to be taken at the GST Council meeting on Friday

The Council may reset the GST rates on automobiles, hotels, biscuits, matchsticks and outdoor catering services. Listen to the podcast to know more

Delhi HC issues notices to exporters over non-payment of IGST on imports

Under the GST regime, the exemption was not clearly mentioned till October 13, 2017. During the period, exporters were not allowed to clear their goods unless they pay IGST

States plan political battle over delayed allocation of GST compensation

States are planning to pass resolutions in their legislative assemblies; however, such tactics will be used as the last resort if the Centre continues to stall allocations

Fixing the GST

Fundamental improvements to the flawed structure needed

GST Stakeholder Feedback Diwas for new return filing system on Dec 8

These feedback sessions would be attended by all prominent chambers of commerce and industry and other organisations representing taxpayers and tax practitioners

Kerala threatens to take Centre to SC over delay in payment of GST dues

The issue could become a major one at the GST Council meeting on December 17-18 in New Delhi

FM Sitharaman assures states of releasing GST compensation dues soon

Sitharaman on Wednesday said the Centre was duty bound to safeguard the interest of states

GST mop-up crosses Rs 1 trn in Nov over festive demand, anti-evasion steps

Although the collection figures come as a breather for the government, it is lower than the expected collection rate needed to meet the steep target for FY20

GST collection up 6% in Nov, crosses Rs 1 trn after a gap of three months

The GST collection was Rs 95,380 crore in October while it was Rs 97,637 crore November 2018