Page 38 - Goods And Services Tax

Govt committed to reforms, make tax structure simple: FM on GST day

The finance minister asked taxmen to make life easier for MSMEs, particularly on GST front

Delhi HC issues notices to govt, GST Council on retro amendment

The amendment relates to limiting the transitional input tax credit to 90 days form the roll out of the goods and services tax (GST) from July one, 2017

Traders' body CAIT suggests measures to broaden GST to simplify taxation

Traders' body CAIT on Wednesday suggested a host of measures, like technical audits and waiver of late fees, to broaden the GST base and make the taxation system simple.

The past three years of GST and the road ahead

The journey has been a mixed bag, as several issues remain unresolved: Let's turn back and revisit what GST has attained and it couldn't

Compensation has become the biggest issue in GST: Sushil Kumar Modi

Modi tells Dilasha Seth that the proposed reforms like simplified return form and e-invoicing facility, among others, will be difficult to push through in the fourth year.

Current GST regime is riddled with problems: Manpreet Singh Badal

Punjab Finance Minister Manpreet Singh Badal pressed for a complete overhaul of the federal indirect tax regime

Letter to BS: Hopeful that one day GST will be a 'good and simple tax'

The removal of various central and state value added tax laws, barriers, transaction forms, different rates on one commodity are big achievements

Honest, thorough reappraisal of GST long overdue

The GST regime was ushered in without adequate preparation of the information technology platform for filing returns

GST: An unappreciated reform

The cascading effect of taxes owing to crisscross and delinked taxes, which were officially acknowledged but never addressed, is a thing of the past

Top headlines: RBI's one-time recast plan, monetising fiscal deficit

From the possibility of RBI's one-time recast plan to be limited, RBI likely to monetise fiscal deficit in second-half of FY21, a glance at GST's completion of 3 years tomorrow, here are the top news

GST effect: How retail inflation rate changed over the last 3 years

The inflation rate in cigarettes hit double digits during July-March of FY18, but came down in the next two years

Three years of GST: Still a long way to go for 'Good and Simple Tax'

The GST Council is considering market borrowing to give the states the promised compensation for their revenue shortfall

Don't make mistake of dismissing Galwan incident as patrol clash: Punjab CM

Twenty Indian soldiers, including four from the state, were killed in a violent clash with Chinese troops in the valley in eastern Ladakh on June 15.

Slowing Chinese imports may delay automakers' electric vehicle target

Support from Centre on alternative fuel technologies and batteries holds key

Input tax credit cannot be availed on GST paid for employees cabs

The AAR in its ruling said since the applicant failed to cite any law under which the service of providing transportation facility to its employees is obligatory, ITC will not be available

Covid-19 crisis: Indian economy's road to recovery still has long way to go

Agriculture was expected to be the only silver lining in the economy in the current financial year

Covid-hit states urge quick release Rs 20,000 cr IGST dues from Centre

They argue that while Centre recently released Rs 36,400 crore in pending IGST dues in lieu of compensation for December, Jan and Feb, more remained to be given to them

Will consider corporation tax rate benefit extension: FM Sitharaman

Says GST rate reduction to go to Council; Council is likely to meet on Friday through video conferencing.

Looking beyond crises

Lack of strategic vision in the NDA has caused it to fail at economic management

Best of BS Opinion: Govt's limited fiscal cushion, doing-business concerns

From why this year's budgeted net tax revenue for the Centre is impossible to achieve to how Indians are blase about class-driven brutality, here's a selection of Business Standard Opinion pieces