Page 47 - Goods And Services Tax

GST mop-up crosses Rs 1 trn in Nov over festive demand, anti-evasion steps

Although the collection figures come as a breather for the government, it is lower than the expected collection rate needed to meet the steep target for FY20

GST collection up 6% in Nov, crosses Rs 1 trn after a gap of three months

The GST collection was Rs 95,380 crore in October while it was Rs 97,637 crore November 2018

GST e-invoicing must for businesses with Rs 100-cr turnover from April 1

It will be voluntary for businesses with less than Rs 100-cr turnover; will help SMEs take instant loans

Centre planning to come up with lottery scheme for GST paying customers

Once the consensus at officers level is reached then it will be put before GST Council meeting

No difference of opinion, GST to be implemented soon in J&K: Jitendra Singh

Union Minister Jitendra Singh assures of GST implementation within next 3-4 days in J&K

Traders, civil society groups set up new panel to oppose GST passage in J&K

GST goes against the letter and spirit of the autonomy of the state says convener Siraj Ahmad

Opposition creates ruckus in J&K assembly over passage of GST bill

Jammu and Kashmir is the only state in the country where the GST has not been implemented so far

GST crosses J&K hurdle, Assembly passes implementation resolution amid din

Resolution moved by state Finance Minister Haseeb Drabu, was adopted through a presidential order

GST system redesign neither desirable nor feasible, say tax experts

Experts want the GST Council to prepare a detailed road map for the next two-three years to provide an environment of tax certainty for businesses

Finance commission chief Singh blasts frequent tinkering with GST rates

He also pitched for a rationalisation in Centrally- sponsored schemes, and blamed the government for not clearly defining the role of the Niti Aayog

Telcos' AGR dues to outweigh two-year breather for spectrum payment

Incumbent telcos Bharti Airtel and Vodafone Idea have said they would go for a review petition of the SC order, but they have limited time to move court

The problem with investment scores

The various reports on investment climate of states do not match the ground reality

GST compensation delay: States considering legal action against Centre

Central govt official says will release funds before end of this month

States concerned over GST compensation delays, ask FM to speed up payments

Punjab is awaiting Rs 2,100 crore as compensation while arrears stand at Rs 2,000 crore

Amit Mitra writes to FM, calls for 'urgent' GST meet to plug loopholes

GST revenue fell below the Rs 1-trillion mark for the third straight month in October, and was 5.3 per cent lower than the corresponding month last year, at Rs 95,380 crore

HC issues notice to Centre over input tax credit denial to restaurants

GST rate on restaurants was cut from 18 per cent to 5 per cent in November 2017, but without any input tax credit

Simplifying GST: Govt plans mass outreach programme for return filers

FM Sitharaman meets stakeholders; pan-Indian initiative for new forms on December 7

Deadline for GST filing, returns extended to March 31; forms simplified

The earlier deadline for filing of GSTR-9 and GSTR-9C for 2017-18 was November 30, 2019, while that for 2018-19 was December 31, 2019

Commerce Ministry raises issue of notices to exporters for GST 'violation'

The commerce ministry has stated that the 'overzealous revenue collection' move by Directorate of Revenue Intelligence was against exporters

Experts suggest Singapore GST model to ensure ease of compliance in India

Citing the Singapore model, experts have suggested the introduction of new user-friendly measures to ensure ease of Goods and Services Tax (GST) compliance in India. The grievance redressal mechanism under the Singapore GST is very refined unlike Indian GST where the help lines are mostly of no help and advance ruling authorities are heavily revenue biased, failing to achieve the purpose with which they were formed, said Sandeep Chilana, managing partner, Chilana & Chilana law offices. Ease of compliance is the foremost thing India needs to learn and adopt from implementation of value added tax or Goods and Services Tax in developed jurisdictions, including Singapore, he said. While India is shortly moving to a single form regime, the information required to be filed is still extensive. The other important aspect is clarity in law. Despite two years having passed, there are still many grey areas such as inter-office services which require immediate attention, Chilana ...