Page 21 - Latest Updates on Goods and Services Tax
Five years of GST: Taxing time for relations between Centre and states
Shrinking fiscal space has brought states on a collision course with the Centre
 "Five years of GST: Taxing time for relations between Centre and states")
Five years of GST: Chidambaram to Sitharaman, the people behind the reform
The benefits of GST will positively ensure it to be 'Good and Simple Tax' for citizens of India, says Prime Minister Narendra Modi on the eve of the GST launch
 "Five years of GST: Chidambaram to Sitharaman, the people behind the reform")
GST: What lies ahead for India's most ambitious indirect tax reform?
The continuation of a business-as-usual approach can undermine the GST's ability to either raise revenues for the government or improve the ease of doing business
 "GST: What lies ahead for India's most ambitious indirect tax reform?")
Five years of GST: The still good, but not-so-simple indirect tax
The GST is still paying the price for govts talking the talk of a good and simple tax on July 1, 2017, but not walking the walk thereafter
Five years of GST: Collections up, but filings decline, shows data
A Business Standard analysis found that returns filed under GSTR-3B declined 13.8 per cent YoY in FY22
 "Five years of GST: Collections up, but filings decline, shows data")
Five years of GST: Mistakes that have made the regime a disappointment
Addressing mistakes made while introducing the tax and getting back to a revenue-neutral rate(s) constitute the agenda that awaits attention
 "Five years of GST: Mistakes that have made the regime a disappointment")
GST: Tech use to plug revenue leaks, Rs 1.3 trn monthly tax 'new normal'
As the government releases the June GST collection numbers on July 1, it is widely expected that the collections will follow the past four months' trend and be around Rs 1.4 lakh crore
 "GST: Tech use to plug revenue leaks, Rs 1.3 trn monthly tax 'new normal'")
GST Council meet: The Goose Point Theorem for rate rationalisation
The real issue before taxation lies in identifying the Goose Point and the way goes through 'neutral goods'
Best of BS Opinion: Next stage for GST, India's health disorder, and more
Here are the top BS Opinion articles of the day
 "Best of BS Opinion: Next stage for GST, India's health disorder, and more")
Small traders to gain in GST relief for e-commerce sellers, transport
For the transport sector, the council lowered GST to 5 per cent from 18 per cent on ropeways, renting of goods carriage, including fuel cost
 "Small traders to gain in GST relief for e-commerce sellers, transport")
GST council meeting takes no decision on extending compensation to states
New rates for some items, removal of exemptions with effect from July 18
Surat's textile hub consolidated as small players failed to survive GST
This ground report from the diamond city captures the travails of small-scale units
 "Surat's textile hub consolidated as small players failed to survive GST")
Next stage for GST
Rate rationalisation will be critical
GST: More than just a tax reform
Going forward, we also need to look at inclusion of items in the GST from a larger macro perspective
GST Council: Stormy discussion around states' compensation likely today
States will demand an extension of the compensation period or a change in the GST revenue distribution formula
GST Council tilts towards rate hikes, drops exemptions for many items
Okays removing the exemption on mass consumption items
Blanket 28% GST could hit online gaming badly in India, says industry
The country's gaming industry is currently estimated at $1.5 billion
 "Blanket 28% GST could hit online gaming badly in India, says industry")
Five years of GST: Some biz adapted, some perished, as others thrived
This report from Howrah talks about how the mid-sized and smaller players lost ground
 "Five years of GST: Some biz adapted, some perished, as others thrived")
GST Council meet begins today: Here's what's on the agenda in Chandigarh
From revising some rates to deciding on the thorny issue of compensation extension for states, here is what the Council is likely to take up
Five years of GST: Rates for some goods still in need of fine-tuning
The ground report from Ambattur in Tamil Nadu shows GST is a mixed bag