Page 5 - Gst Council Meeting

Covid-19 relief: GST Council eases compliance for small businesses

Compensation cess issue to be discussed in July meeting, Correction of inverted duty structure for textiles deferred

GST Council reduces late fee on GSTR-3B filings for those with liability

For entities with tax liability but which have not filed returns or have filed returns late, the late fee has been capped at Rs 500 without interest

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

GST on mobile phones, textiles likely to be increased in Saturday meeting

One proposal before the Council is to hike the rate on mobile phones to 18%

GST Council meeting: Lottery scheme with up to Rs 1 cr prize to get nod

Winners will be selected by the National Payments Corporation of India

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

AI, data analytics help GST collection, loopholes being plugged: Sitharaman

Red-flag reports prepared every month, SMS being sent to those mentioned therein

Clearing GST Council voting harder for govt as BJP loses grip over states

The party, which controls 15 states, falls short of the 75% vote share needed to pass a decision. And it doesn't have an Arun Jaitley to broker a consensus on contentious matters

FinMin to discuss ways with tax commissioners to plug GST leaks on Jan 14

Even as the GST collection crossed Rs 1-trn mark for the 2nd month in a row in December, the receipts were nowhere near Rs 1.10 trn required every month from Dec onwards to meet the target for 2019-20

Economic slowdown: States seek relaxation in fiscal deficit target to 4%

They also suggested measures to strengthen cooperation between states and Centre to attain $5 trillion economy

GST council meet on Wed, set to focus on falling collections, rate hike

With the revenue shortfall looming large, there have been suggestions for raising GST rate and cess to meet the gap

GST Council meet may turn stormy over states' cess; Rs 50k-cr dues pending

The Centre has, so far, not given any definite timeline for making the pending compensation cess payments to states, thereby triggering a face-off between the two sides

Key decisions likely to be taken at the GST Council meeting on Friday

The Council may reset the GST rates on automobiles, hotels, biscuits, matchsticks and outdoor catering services. Listen to the podcast to know more

GST and compensation cess review on cards as collections fall short

If states' GST revenue does not grow by at least 14%, the Centre pays them the difference, after every two months

GST Council does some corrections

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

Double tax relief expands room for growth of hotel firms; stocks rise

While lower GST would push occupancy and thereby aid room rates, lower corporate tax rate should add to earnings

An ordinance tax boost

Short-term focus shifts to what extent the new measures will impact the fiscal deficit, accelerating non-tax revenue of the government

Highlights: GST Council announces steps to help tourism, trade

GST council meeting Live updates: All eyes are on GST council's meeting in Goa after the government announced slashing corporate taxes.

GST Council meet today; fitment panel rejects rate cut demand for 200 items

Caffeinated drinks are among a handful of items for which a hike in the GST rate has been recommended

Top events today: GST Council meet, Vivo V17 Pro launch, and more

From GST Council meet to Vivo V17 Pro launch in India, here are some of the most important news events scheduled for today