Page 22 - Goods And Services Tax

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

Electric vehicles: India may slash GST on lithium-ion batteries to 5%

India likely to slash the GST rate on lithium-ion batteries from 18% to 5%

Time to rationalise

GST structure needs improvement

Centre working on mechanism to resolve GST disputes with states: Report

The finance ministry is working on the procedures of the GST dispute resolution mechanism as some of the states have been demanding

GoM may suggest pruning GST exemption list ahead of Council meeting

A meeting of the GST Council is expected this month or early next month. It may discuss the inverted duty structure, too

Govt releases Rs 86,912 cr to states, clears entire GST compensation dues

To meet the shortfall in GST compensation to states, the Centre said that it borrowed Rs 1.59 trillion in FY22 and Rs 1.1 trillion in FY21 from the market and passed them on to the states

CBIC cautions against coercive tax collection during searches

The experience of the taxpayers is that many officers do not follow the CBIC instructions in tax collection or enforcement matters and do subject the taxpayers to unnecessary harassment

CBIC issues SOPs for recovering tax dues from insolvent companies

The CBIC said it has nominated a nodal officer to ensure filing of claims with the Insolvency and Bankruptcy Board of India (IBBI) within 90 days of the commencement of the process

Storm in a GST cup

The notion that the recent Supreme Court ruling alters the nature of fiscal federalism is misplaced, but the Council would do well to set up dispute resolution tribunals

GST: Cooler heads for constructive ends

To be sure, the cooperative spirit has gone missing since about 2018, reflecting the heavy-handedness of the Centre, not just on the GST but across a range of issues

States seek legal views on Supreme Court ruling before GST Council meet

While many states want to extend the GST compensation regime beyond June 2022, the Centre's view stands that the compensation will be given to states only until that time

Non-BJP states hail Supreme Court verdict on GST Council recommendations

Verdict upholds federal rights of states and the people: Kerala FM Balagopal

SC verdict on GST Council: Importers to save on 5% IGST on ocean freight

SC said the impugned levy imposed on the 'service' aspect of the transaction is in violation of the principle of 'composite supply' enshrined under Section 2(30) read with Section 8 of the CGST Act

GST Council will work like it has for 5 years: Tarun Bajaj on SC verdict

Bajaj clarified that Article 279A of the Constitution allows the Council to make recommendations but nowhere has it said that Council will 'mandate'