Page 44 - Goods And Services Tax

GST officials unearth Rs 241-cr tax evasion through fake invoicing

The racket was busted by the anti-evasion wing of CGST Delhi South Commissionerate

NAA fines J&J Rs 230 crore for profiteering from cut in GST rates

"The methodology adopted by the respondent (J&J) was illogical, unreasonable, arbitrary, and incorrect", the order said

Addressing the Great Slowdown

Here's a list of measures that will not help India overcome the slowdown

IBC to Central GST Act, 10 laws that changed the way India does business

IBC is considered one of the biggest success stories in the government's efforts to de-clog the economic system from ill-effects of stressed assets

No possibility of GST rate hike till revenue stabilises: Sushil Modi

He said the Council had decided to consider changes in the rates once a year, and not in each and every meeting

CBIC extends last date of filing GSTR3B by three days to December 23

These returns are to be filed by 20th of the month, next to the month of transactions

Don't over-react on GST

Govt must be restrained on collection targets

GST compensation dues for 9 states could double to Rs 70,000 crore: ICRA

Centre will recover the excess amount paid last year by adjusting the same in this year's payment

Business fears hit to cash flow from new GST input tax credit restriction

Gupta of ClearTax feels a further reduction in credit could have been considered later

Non-BJP states fear sovereign default on Centre's GST compensation

States are given compensation by the Centre if they don't clock 14 per cent growth in GST revenues in a year on the base of 2015-16.

Panel flags Rs 63,000-crore compensation cess shortfall in 2019-20

Instead, it has recommended that the present inverted duty structure be corrected, besides restructuring of GST rate slabs

Relax fiscal deficit limit from 3% to 4% of GDP, states ask Sitharaman

State FMs had met Sitharaman for a pre-Union Budget interaction

GST revenue growth promised to states may be trimmed to 10-12% from FY21

The idea was discussed during the presentation given by chairman of the 15th Finance Commission (15th FC) N K Singh, in the previous GST Council meeting

BS Banking Annual 2019: Indian banks safe, say SBI, HDFC Bank chiefs

HDFC Bank MD Aditya Puri and SBI Chairman Rajnish Kumar discuss the present and the future of the industry in a fireside chat

GST Council may crack down on fraudulent invoices, input tax credit refunds

The law committee has proposed blocking of input tax credit for errant businesses "with the intent to safeguard government revenue''

Govt sets Rs 1.1 trillion as monthly GST target for tax officials

Four of eight months in this fiscal year have delivered less than Rs 1 trn collection

Post GST, FMCG firms top in consumer complaints for over-charging customers

As per official data, as many as 42 consumer complaints were registered against various FMCG companies with many of them found to be not passing the benefits of lower tax rates

Budget 2020: IT firms want 15% corporate tax for services companies in SEZs

The sunset clause for SEZ nearing - March 31, 2020 - and the IT industry has been a big beneficiary of the policy

EAC of Finance Commission deliberates on ways to improve tax collections

Talking to reporters, Finance Commission Chairman N K Singh said the Commission plans to make recommendations on Goods and Services Tax (GST), which will be for the GST Council to consider

Top 10 headlines: GST compensation cess, Zomato-UberEats deal, and more

Finance ministers of non-BJP-ruled states are likely to discuss on Monday their strategy for the GST Council meet