In an Q&A, the West Bengal finance minister says differential pricing is absurd and will result in a huge additional outgo for states
Say Centre should come up with clear proposal, with focus on compensation mechanism
He, however, said the decision will have to be taken by the GST council
The move, if carried out, will be a big relief for the common man, Pradhan said
The GST Council should prevail on the government to avoid such practices as they lead to unnecessary litigation
Underperformance of GST must be addressed
Following the backlash it received for the update to its privacy policy in early January, WhatsApp will now let users take a better look at the changes that have been proposed. Read top news here
15th Finance Commission has suggested merging 12 and 18% tax rates
Budget can be viewed as a positive and a forward-looking in line with promoting the vision of an 'Atmanirbhar Bharat', coupled with continued efforts to ease compliance and check tax evasion.
Earlier, the GST Council had decided that interest up to 18 per cent would be levied only on delayed payment through cash ledger and not via input tax credit
As such, the prima facie evidence as required under the anti-profiteering provisions of the CGST Act does not exist, according to the petitioner.
Govt must seize opportunity to reform holes in tax system
Trading community urged FM Nirmala Sitharaman and GST Council to withdraw certain provisions of the new GST notification issued a few days back
Having multiple GST rates not only leads to complexities in compliance and tax structure, but also does not optically make India tax-friendly and competitive globally
Wants physical verification if applicants opt for non-aadhaar process. Committee met in the wake of rising number of fake invoices under GST system
They believe the October mop-up may have resulted from pent-up demand, and are sceptical about the post-festive season scenario
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GST Council's law panel to meet on Wednesday to deliberate on actions to curb fake issuance of invoices
Meeting is part of nationwide drive against fake GST invoices; 25 held, 350 cases filed against 1,180 entities till Nov 13, crackdown resumes today after diwali recess
More states likely to write to FM today; Jharkhand rejects Centre's proposal