Page 42 - Goods And Services Tax

The fiscal gridlock

Budget constraints of states need immediate attention

GSTN processed 10,077 new registrations, 7,876 refunds during lockdown

Till March 31, 2020, GSTN had enabled 1,748 tax officers from 18 states/UTs to access office through VPN, a secure way to access office networks.

Covid-19 crisis: Govt extends validity of e-way bills; gives relief in ITC

The Centre has also deferred the application of restricted input tax credit (ITC) of 10% under goods and services tax (GST), providing relief to industry

Covid-19: Govt extends e-way bill validity, defers restricted ITC under GST

The validity of e-way bills that were set to expire between March 20 and April 15, has been extended till April 30

GST collection slips below Rs 1 trillion in March after four months

The numbers pertain to GST paid in February but collected in March, suggesting that collections might turn grimmer going forward.

Costly delay

Hesitation in announcing a financial package is inexplicable

Mix of needed and negatives

The most notable was to charge interest for delay in payment of GST on net cash tax liability, with effect from July 1, 2017

Best of BS Opinion: The GST dilemma, coronavirus supply shock, and more

GST rationalisation, IT design framework, Trump administration on coronavirus to banking crisis, Kanika Datta brings you the top opinions of the day

The GST dilemma

Design framework and tax evasion pose counter challenges

Rationalise GST now

Counteract coronavirus supply shock with tax reform

Mobile phones to get costlier as GST rate hiked to 18% from 12%

GST Council asks Infosys to fix GSTN glitches by July

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