Page 6 - Goods And Service Tax

Fiscal stimulus by FM is mostly credit oriented, says Subhash Chandra Garg

He said that the fiscal stimulus, by its very nature, is additional fiscal burden on the public finances

Tax tweaks can spur economic revival

These are extremely challenging times, and collective efforts by the government and industry would be required to bring the economy back on track

HC rejects revenue dept arguments, allows pre-GST credit till June 30

Court says 90-day limit after GST rollout under rule 117 of CGST Act, on which revenue dept relied, is directional, not mandatory

Centre owes Rs 3 trillion to states and industry amid Covid-19 outbreak

Assocham President Niranjan Hiranandani said his talks with government officials showed dues to industry and states were pending in the form of refunds of I-T, VAT, and GST, and compensation

Refunds save the day for April direct tax collection; mop-up down 5%

Gross direct tax collection stood at Rs 41,556 crore in April, as against Rs 43,950 crore in the corresponding period last year

GST, GAAR reporting delayed till March 2021 amid coronavirus outbreak

The I-T Dept had, in 2018, changed the tax audit form 3CD, seeking details under GST as well as GAAR, which seeks to prevent firms from routing transactions through other countries to avoid taxes

Centre seeks India Inc's view on economic revival amid Covid-19 outbreak

Key demands and suggestions include improving liquidity, cutting customs duties and goods and services tax (GST) rates, expediting all refunds and a halt on tax scrutiny

Best of BS Opinion: GST collection, India's telecom crisis, and more

Business Standard Opinion pieces for the day talk about government finances in the context of GST, along with other policy issues.

Don't increase GST

Higher tax rates will stifle demand and growth

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

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

Union Budget 2020: Fake invoicing under GST a non-bailable offence

Sitharaman announced that the new GST return framework and e-invoicing would be implemented from April 1, to improve compliance and plug the tax revenue leakages

Union Budget 2020: It's time to unclutter tax regime, says expert

The budgetary figures continue to not cover many forms of expenditures

Budget 2020: 15th Finance Commission calls for new legal fiscal framework

Expert panel may be set up to define responsibilities of key stakeholders and standards to be followed at all levels of government

Budget 2020: 15th Finance Commission report pulls no punches on key issues

The 15th FC forecast nominal gross domestic product (GDP) growth for 2020-21 at 11%, but said the projection came with a "downward bias".

Budget 2020 ready reckoner: 10 questions you always wanted to ask

Income tax rates have been slashed, but can be availed only if the taxpayer lets go of most exemptions

A taxing problem

The taxman has too much power in GST

GST arrest provisions: Need for an urgent review

What GST urgently deserves is a re-orientation, for which a leaf out of the 'nudge theory' in behavioural economics may definitely help

One-fifth taxpayers file return on last day despite tech glitches: GSTN

This month's return filing data to date shows that the GSTN return filing system was working within its expected limits

Allcargo acquires nearly 13% stake in Gati in first of three-phased buyout

Several taxpayers complained of technical glitches on filing returns on social media

Govt to set up panel for designing SOP for checking fraudulent GST claims

The committee will come out with detailed SoP within a week, which may be implemented across the country by January-end