Page 34 - Goods And Services Tax

GST collections for Sept may cross Rs 95,000 cr for first time in FY21

The highest GST collections reported in the current fiscal year so far were Rs 90,917 crore in June

India Inc frets over supply mismatches due to launch of e-invoicing in Oct

Says frequent changes in format prevent companies from preparing for it, fears drop in GST collections if made mandatory

Fiscal transparency

Concerns raised by the CAG must be addressed

Parliament passes bill providing relief to taxpayers on compliance front

The reliefs in the bill include extending deadlines for filing returns and for linking PAN and Aadhaar

Best of BS Opinion: Mismanaging GST, rescuing the economy, and more

Here's a selection of Business Standard opinion pieces for the day

Mismanaging GST

Compensation issue should have been deftly handled

GST-registered businesses to get pre-filled return form soon: GSTN CEO

GSTN, which handles the IT backbone for GST has already started providing tax liability data based on sales return GSTR-1 of the taxpayer to be used in his tax payment form GSTR-3B in pdf form

Wanted: Ear to the ground

The government needs to listen to business

No easing GST rate, automakers should cut royalty payments: FinMin sources

They say companies should cut royalty payments to parents abroad instead of asking GST cut to tide over Covid crisis

Advance tax mop-up declines 25%, indicates economic health recovery

However, this is an improvement over the 40% decline seen in Q1; TDS down between 10 and 12% across jurisdictions

Will invest Rs 2,000 crore in India: Toyota Kirloskar Motor vice-chairman

High GST rates taking a toll on volumes, says Viswanathan

AAR says GST be imposed on wellness centres depending on services offered

Case, relates to applicant Oswal Industries; authority observes that three types of rooms are offered by the applicant and therapy is strictly on residential basis

13 states submit borrowing option to Centre to fund GST shortfall

These 13 states include Bihar, Odisha, Andhra Pradesh, Gujarat, Uttarakhand and Meghalaya

Markets likely to stay in 'buy on dips' phase: Bernstein's Venugopal Garre

Markets have run ahead of fundamentals, but this has been a broad global trend, says Venugopal Garre

ICAI seeks extension of FY19 GST annual return filing deadline by 3 months

The government had in May extended the last date for filing annual GST return for financial year 2018-19 by three months till September 2020

ITC's appetite for staples grows as it moves away from tobacco

The company is betting on its non-cigarette FMCG portfolio to deliver growth and convince the markets that it is moving away from its tobacco dependence

States need hard cash, pay GST dues: Chidambaram to Centre

Former Finance Minister P Chidambaram slammed the Centre and alleged that these were just words of comfort on a piece of paper that has "no value"

GST row: Compensate states that picked a borrowing option, says Sushil Modi

While Bihar, Gujarat, Karnataka, Tripura and Madhya Pradesh opted for the Reserve Bank of India (RBI) window, Manipur and Sikkim went for market borrowing

Amid Centre-states GST row, a white-knuckle moment for bond markets

Centre-state GST equation to be keenly watched

Vote on GST compensation inevitable if govt sticks to 2 options, says Isaac

Centre will have to get support of some non-BJP-ruled states to pass its decision even in case of vote