Page 48 - Goods And Services Tax

Oct GST collections remain subdued at Rs 95,380 cr despite festive season

This is the third consecutive month when GST mop-up remained below the Rs 1 trillion mark, despite October being a festive month

Food grain may be brought under GST, tax mechanism likely to be rejigged

Through this route, registered entities can pay GST on behalf of unregistered players

Gas and ATF likely to be brought under GST soon, says govt source

Experts said that the ATF price would come down if it is kept in the 18% GST bracket

Experts call for multiple GST rate cuts in India citing Singapore example

Singapore has only one tax rate under GST- seven per cent -- on taxable goods and services while India has multiple slabs to charge the indirect tax

India growing fast, has tremendous potential, says Blackstone co-founder

Stephen A Schwarzman on why he is still bullish on India, how loss makes for the deepest learning's, and how corporate culture is the difference between winning and losing

GST will cause inflation; burden common man and small firms: P Chidambaram

Anti-profiteering provision in the new law will be an instrument of harassment, says Chidambaram

Note ban, GST was 'utter contempt of public opinion': Chidambaram

Senior Congress leader P Chidambaram today hit out at BJP for its resolution supporting implementation of GST and demonetisation, saying it was "utter contempt of public opinion". "BJP national executive supported implementation of GST. They should talk to traders & businessmen in their own party," he said in a tweet. Chidambaram also said the BJP national executive's support to demonetisation is "utter contempt of public opinion". In its national executive, the BJP adopted a six-point agenda, including one on praising the roll out of the GST which led to "one nation, one tax". It claimed the NDA government had "delivered" on its promise on corruption and black money, adding that demonetisation, a move which invited sharp criticism from opposition, "broke the backbone of black market as well as the black money hoarders".

FY20 gross tax revenue likely to fall short by around Rs 2 trillion

FinMin is said to have shared assessment with 15th FC

Bring natural gas, aviation turbine fuel in GST ambit: Dharmendra Pradhan

FM Sitharaman assures sanctity of contracts

Govt constitutes panel to suggest measures to augment GST revenue

The committee shall submit its first report within 15 days to the GST Council Secretariat

Little hope of volume recovery in second quarter from pricey FMCG firms

Analysts estimate low single-digit volume growth, the lowest since June 2017 quarter; companies will need to clock double-digit volume growth in second half to touch FY19 levels

Letter to BS: Controversy remains after CBIC removes circular on GST

What else could explain the fact that notwithstanding the withdrawal thereof by the CBIC, its over-enthusiastic field officers continue to harass the dealers

Factory investment rate tumbled to 17-year low after demonetisation

Employment and wages rise in factories, but key sectors lose jobs

Pragmatic tax collection can cut fiscal deficit

Time has come to monitor empirically the buoyancy and elasticity of the tax system

Risk to state govt finances

Debt at the subnational level is high

Good news: Your stay at luxury hotels to be less expensive from today

Travellers staying in a hotel room costing over Rs 7,500 per night will now have to pay GST of 18 per cent, against 28 per cent earlier

GST Council does some corrections

The GST Council has shown willingness to listen and make necessary course corrections

Gujarat seeks tax exemption on Governor's BMW, GST Council rejects

GST Council rejects tax exemption plea for the imported luxury car

Improve revenue buoyancy, Finance Commission chairman asks states

GST collection has significantly slowed down in recent months, making it difficult for the Centre to hand out compensation to states

GST Council cuts rates on hotels, hikes on caffeinated beverages

Small taxpayer given relief from filing annual tax returns