Page 41 - Goods And Services Tax

Industry and analysts denounce GST rate hike to 18% on mobile phones

Xiaomi MD says move could weaken demand as smartphone makers will be forced to raise prices

WTO-compliant remission of tax scheme for exporters gets canbinet nod

Under the scheme, an inter-ministerial committee will determine the rates and items on which the reimbursement of taxes and duties would be provided.

FinMin flags 17 'areas of dissatisfaction' with Infosys-designed GSTN

Infosys, which in 2015 won the contract for managing backend for GST Network (GSTN), has drawn flak from the ministry over the tech glitches, some of them have been unresolved for almost two years.

States also flout Budget numbers discipline

More attention needs to be focused on state Budgets

AARs can determine place of supply under the GST regime: Kerala HC

This is an important settlement of a legal issue in GST since Authority for Advance Rulings have not been going into this matter, saying it is beyond their jurisdiction

GST portal glitches to dominate agenda of Council meeting on Saturday

States may ask Infosys to have a point of contact; IT firm chairman Nilekani to a presentation on Saturday

Odisha GST collections up 11% to Rs 27,044 cr during April-February

The gross GST collection during the last month was Rs 2,790 crore

Fake invoicing racket worth Rs 7,896 cr busted; accused use 23 shell firms

This was done by a network of 23 shell companies. Two people were arrested for the same on February 29

Samsung fined Rs 37 lakh for not passing GST benefits to consumers

The National Anti-Profiteering Authority (NAA) held that the South Korean company did not reduce the selling price of its 32-inch LED TV 32FH4003

We have saved Rs 1 trn through DBT by using tech efficiently: Sitharaman

She also said that they have "revolutionised" technology-driven PFMS and it has empowered India to be accountable, responsive and transparent

GST collection crosses Rs 1-trn mark for the fourth month in a row in Feb

The mop-up could have been much higher, but tax on imports fell 2 per cent year-on-year

GST collections at Rs 1.05 trn in Feb, up 8% over the same month last year

The total number of GSTR 3B returns filed for the month of January up to February 29 stood at 8.3 million -- same as last month

Trade wants GST Council to change late payment rule

Demands on the basis of gross tax liability can be held in abeyance

Centre approves levy of 28% GST on lotteries from March 1, rate notified

The revenue department notified the GST rate on supply of lotteries and amended its earlier Central Tax (Rate) notification

Every penny counts as GST officers send demand notices to companies

Desperate push to meet collection target; firms receive notices for as low as Rs 2

Centre releases Rs 19,950 crore as GST compensation to states and UTs

This is for the first time that the Centre has given compensation to states for one month only

GST profiteering: Delhi HC comes to the rescue of Nestle, grants stay

The stay, granted through an order issued on February 10, was given on grounds that Nestle had already paid Rs 16.58 crore of the total demand of Rs 89.73 crore

Best of BS Opinion: What lessons can India learn from a buffalo race

Writers examine how to reform GST, the corporate sector's apolitical stance, Sebi's new rules for investment advisors and the draft pesticides Bill

Reforming GST

We must simplify, lower and make GST comprehensive to fulfil its promise

States to get Oct-Nov GST compensation before next Council meet

The Centre has estimated a compensation cess shortage of Rs 63,200 crore in 2019-20 (FY20)