Page 43 - Goods And Services Tax

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)

Ahead of UP budget, Adityanath govt looks to balance populism, development

The economic slowdown has taken a toll on the state's industrial growth and consequently the collection of taxes, which is further putting a strain on its finances

Will calculate interest on delayed GST payment on net tax liability: CBIC

There have been cases where GST assessees have paid taxes after due date but did not pay the interest due on account of delayed payment

Tamil Nadu presents fiscal deficit budget, expects 7.27 % growth

State's debt to increase to over Rs 4.56 trillion

Sabka Vishwas legacy dispute scheme may not add much to govt coffers

Govt faces uphill task of meeting indirect tax target despite scaling it down

States may not get GST compensation in full, says Finance Ministry

Centre for rate hike to make up for Rs 30K-cr revenue gap

Bengaluru's realty market emerges unscathed from economic slowdown

Besides the traditional segments, the demand for co-living, co-working and senior living is keeping the sector buzzing

GST compensation fund likely to fall short by Rs 25,000 cr in FY20: Icra

The agency assesses the compensation for the losses related to the goods and services tax (GST), required by all the states for the period from October 2019 to January 2020, at Rs 60,000-70,000 crore

BSNL, MTNL employees taking VRS need to wait till April for dues

This is because the Union Budget does not have provision for any expenditure towards the programme in the current fiscal year