Page 20 - Goods And Services Tax

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: 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

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 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

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

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

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

Five years of GST: Some biz adapted, some perished, as others thrived

This ground report from Howrah talks about how the mid-sized and smaller players lost ground

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 tax continues to evoke mixed feelings and remains work in progress

GST Council may treat fantasy games on a par with gambling, taxed at 28%

GST Council is likely to consider system-led enforcement reforms

Five years of GST: Recovery of input tax credit still a struggle

This ground report from Agra captures the overall sentiment that GST credit is like working capital for an MSME and it is increasingly getting stuck in the system

Quicker refunds helping exporters in GST regime

Overall, the five years of GST have made life easier for exporters and importers, despite some rude shocks and unresolved issues

GST Council meet: Pruning exemptions on curd, paneer, some veggies on cards

Exemptions may also be withdrawn on certain services such as business class flights from NE airports and certain hospital room categories