Page 77 - Gst

Anti-profiteering body in talks with FMCG firms over GST rate cut benefits

The industry is, however, concerned over the lack of clear profiteering guidelines

Authority's orders favour firms for anti-profiteering in times of GST

The NAA is currently looking into 50 complaints and will issue the orders in the coming weeks

It's time for GST rate cuts

The opportunity arising out of high GST collections should not be squandered

AAR ruling: GST will apply to goods carried by foreign-bound ships

Earlier, the AAR had ruled GST would be charged on goods sold at duty-free shops on the basis of inter-state provisions only

Proposal to have natural gas & ATF under GST gets mixed reaction

Some states have strongly opposed inclusion of petrol and diesel under GST even as global oil prices have skyrocketed adding to the burden on consumers

Govt unable to crack GST e-wallet code as export refunds remain unpaid

Traders had supported the e-wallet mechanism to battle the crippling liquidity crunch that had set in after GST was imposed

Free banking services offered to customers not under GST ambit

The ambiguity arose after notices were sent to lenders for non-payment of service tax under the pre-GST regime

GST collection misses the Rs 1-trillion mark in May, stands at Rs 940 bn

It is higher compared to the average monthly collection of Rs 898.85 billion in 2017-18

GST notices to pharma firms on free supply to have wider ramifications

The notices sent by the directorate general also point out that the value of such free supplies has been realised from the ultimate consumer

Govt, industry at loggerheads over quantum of GST refunds for exporters

Exporters claim procedural glitches have led to pending refunds worth Rs 200 billion, Govt refutes claims

GST refund of over Rs 200 billion pending with government, says FIEO

However, it expects exports to touch $ 350 Billion in 2018-19 up from $ 300 billion

Worried about GST return filing this month? These four tools can help

Here are the online and offline utilities that ease out the process of GST filing and compliance woes for businesses

Natural gas, jet fuel may enter GST first, before petrol and diesel

Early harvest for inclusion in new tax regime, fewer states to object

AARs under GST hobbled by lack of judicial members, state bodies

Only 15 states have so far notified appellate authorities for challenging orders of AARs under GST

GST Council's varied moves

The problems of exporters were not even on the agenda

GST: Here is an analysis of what judicial orders mean for businesses

With the multiple rate structure under GST, classification disputes are set to rise.

GST Council to take up 5% sugar cess to compensate cane farmers

Meanwhile, many states are opposed to the idea of a separate cess under the GST as it goes against the principle of the uniform indirect tax

GST surpasses Rs 1 trn in April, FM says this confirms upswing in economy

If the governments at the Centre and in states indeed collect Rs 1 trillion, they will be able to garner Rs 12 trillion in 2018-19

GST collected in April tops Rs 1 trillion, govt says don't expect trend

The total revenue earned by the central government and states after settlement in the month of April 2018 stood at Rs 324.93 bn and Rs 402.57 bn, respectively

AAR judgments under GST regime in but no appeal mechanism set up

An AAR is a mechanism under law to provide certainty and transparency to a taxpayer with respect to an issue which might cause a dispute with the tax administration