Page 21 - Goods And Services Tax

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Exemptions may also be withdrawn on certain services such as business class flights from NE airports and certain hospital room categories

GST Council likely to consider changes in monthly tax payment form

Currently, GSTR-3B of a taxpayer includes auto drafted input tax credit (ITC) statements based on inward and outward B2B supplies and also red flags any mismatch between GSTR-1 and 3B

Puducherry and Punjab have the highest GST revenue shortfall, shows data

The good news is the revenue shortfall of all the states have narrowed from FY21 level to FY22 level

5 years of GST: Profiteering charges leave many companies perplexed

No structured guidelines for firms to avoid profiteering; standard method to compute undue profits, say experts

India Inc gives thumbs up to GST, but says long way to go in fixing issues

GST-related litigation set to rise as companies and the government differ on tax rates and data reconciliation

Top Headlines: TDS levy on cryptos, GST rate of 200 items, and more

From TDS levy on cryptocurrencies to GST rate of over 200 items staying the same, here are the top headlines on Thursday morning

We hope to mop up Rs 1.3 trn GST in current fiscal year: CBIC's Vivek Johri

System 'revolutionised' to plug chances of leakage, he tells 'Business Standard' in interview

Fitment committee rejects demands to reduce GST rate on over 200 items

The Council unlikely to decide on taking crypto assets in next week's meeting in Chandigarh.

GST Council may defer decision on taxing crypto assets in June 28-29 meet

Fitment panel proposes deeper study by Haryana and Karnataka and asks to submit report to the panel for further deliberations

Indian economy: Not just a twin but a triple-deficit problem looms

While the twin deficit problem of widening fiscal and current account deficits has been spoken about, a third problem of widening deficit in the states also stares the Indian economy in the face

Inverted duty correction on GST Council's agenda in next week's meeting

GST Council may discuss easing of registration norms for e-sellers

5 years on, work still in progress: The promises, challenges of GST regime

While tax evasion, technical glitches, and litigation continue to plague the indirect tax system, the revenue collections have picked up in recent months

Top headlines: 5 years of GST, International Yoga Day 2022, and more

From Goods and Services Tax implementation completing 5 years, to Yoga Day celebrations, here are the top headlines on Tuesday morning

Agnipath: Prime Minister Narendra Modi's 'Nike model' just doesn't do it

From land acquisition to GST to Agnipath, the Prime Minister seems to put outcome ahead of the process

GoM fails to reach consensus on GST rate rationalisation; seeks extension

The GoM will seek an extension to submit its final report, they said, adding issues of tax rates will also be raised in the upcoming Council meeting later this month

GoM on GST rate rejig to meet tomorrow, may seek extension to submit report

The ministerial panel, headed by Karnataka CM Basavaraj Bommai, will be meeting for the second time since it was set up in September last year

Anti-profiteering Authority to be merged with Competition Commission

The National Anti-profiteering Authority (NAA) came into existence in 2017 and has received two extensions since then