Page 41 - Goods And Services Tax

Covid-19 lockdown: No proposal to impose calamity cess, say FinMin sources

The sources said any such proposal would prove to be counter-productive as sales are already at low volume at this time of lockdown.

Emaar MGF found guilty of profiteering, to refund Rs 13 cr to homebuyers

The National Anti Profiteering Authority has ruled that the realty firm has benefited from additional input tax credit

GST boost to MSMEs

The definitional changes made for MSMEs would address the problem of "dwarfism"

It's high time govt worked with trade to revive economy

The government cannot turn a blind eye, as if there were no errors on the GSTN portal

Miners want mandatory capex rule relaxed as workers stay away fearing Covid

None of the merchant mines in Odisha whose lease validity expired by March 31 has been able to restart. Though the successful bidders have got LoI, they awaiting formal vesting orders

Kick-start the economy with cash flow

Pay government dues and enable high-speed connectivity

Financing business revival without pain

Here is the design of an impactful, fiscally responsible programme that removes the bottlenecks in credit decision-making

How not to lose clean air gains

What is clear is that this joy of nature has come at enormous and unacceptable human cost to millions in the world

Don't eulogise GST for what it isn't

Regarding revenue realisation, there was a huge expectation that GST would lead to checking of leakage of revenue

IBA demands recast of loan accounts of small firms amid Covid-19 crisis

The RBI had permitted a one-time restructuring of existing loans to GST-registered MSME units

GST rates and the medical devices industry

Let us use the GST rate regime to build up a strong domestic industry in sectors like pharmaceuticals and medical devices that can play to our strengths in labour-intensive production

Will more foreign financing be needed?

It is important to remove the frictions, to connect the infinite capital of the global financial system with end-users in India

Move petroleum to GST: The time is now

The health crisis is a moment of reckoning and an opportune time to revisit GST policy-design

Covid-19 impact: Missing disinvestment targets will have consequences

Any slippage in disinvestment numbers combined with other revenue shortfall would mean the govt would have to borrow more in the market

Establish fiscal council to scale up spending

India will have to address the big fiscal prudence challenge, which is not captured by the fiscal deficit/GDP metric

I-T Dept to release all pending tax refunds up to Rs 5 lakh immediately

The move is aimed at helping many overcome cash crunch due to nationwide lockdown, and is expected to benefit 1.4 million taxpayers

Top headlines: Govt to release GST dues, tea exports to fall, and more

Business Standard brings you top headlines of the day

Govt set to release Rs 20,000 cr pending GST compensation to states soon

second fiscal stimulus likely to be announced soon

Beyond virus: Setting course for a V-shaped recovery with right decisions

It's time for thoughtful decisions through 2020 and 2021, where the desired outcome is one where private investment in 2025 is superior to the value seen in 2011 in real terms

GSTN provides work from home access to more than 1,700 tax officers

This has provided officers a secured access to work on various GST applications such as processing of registration application, refund application, audit, assessment, appeal etc