Page 20 - Goods And Services Tax

Policymakers don't have fetish to raise rates: Revenue secy Tarun Bajaj

But the government is open to discussing narrowing down the three slabs of 5, 12 and 18 per cent into two, he said while addressing industry leaders

No GST compensation: Will the Centre find another way to give states money?

It is also important to see which states can finance a reasonable portion of their regular expenditure with their own revenue

Useful recommendations of GST Council for exporters

The present exemption of IGST on import of goods under advance authorisation, Export Promotion Capital Goods (EPCG) authorisation and by Export-Oriented Units will be continued

GST collection at Rs 1.45 trillion in June, the second highest ever

Average GST collections at Rs 1.51 trillion a month in the first quarter of the current financial year are much higher than the Rs 1.2 trillion derived from the Budget Estimates

GST tweak on food items to plug revenue leakages, says CBIC chief

Says it will build a robust tax system without being intrusive

Change in GST rates may generate Rs 15K cr a year: Revenue secy Tarun Bajaj

'Implementing GST was challenging in a country like India, which follows a federal structure'

5 years of GST: How far has it lived up to promise of simple tax regime

Goods and Services Tax: Here's a look at the journey so far

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: 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

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

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: 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