Page 124 - Gst

GST rate cut gets mixed response as some manufacturers gain, others lose

Fridge, washing machine, and paint makers are expected to cut prices shortly, while TV, aircon, and sanitary napkin makers are a disappointed lot

Draft changes to GST regulations

Mostly, these are taxpayer-friendly measures and correction of inadvertent errors

GST Council Meet: Sanitary napkins exempted from GST, says Maharashtra FM

Sanitary napkins are taxed 12 per cent tax under the one-year old GST regime, which attracted serious criticism from various quarters

Real estate developers seek GST reduction, boost in investment from govt

Govt discusses ways to boost real estate sector with stakeholders

GST: Government's customer focus

It was a massive effort whose success depended on officers

GST on international air tickets wrong,breaches global agreements: IATA

Under the GST regime, tax at the rate of 5% and 12% is levied on economy and business class air tickets, respectively

Single or multiple rates in GST

My suggestion is that though we need not have a flat rate, we should have rates: 5%,16% and 28% and a few cesses, says Sukumar Mukhopadhyay

Govt looking at proposal to include mining royalty as input cost under GST

Once royalties are considered as input cost, then entities would be able to claim the benefit of input tax credit under the indirect tax regime

GST Council to discuss ease of filing returns, rate reduction on July 21

Goyal said the Goods and Services Tax (GST) Council had been responsive to industry demands

Jet fuel, natural gas may come under the ambit of GST as early as next week

States charge as much as 30 percent in sales tax on aviation turbine fuel, on top of a 14 percent excise duty, making it the costliest in Asia

GST ministerial panel against sugar cess to compensate cane farmers

GoM feels that after fixing a Minimum Support Price for sugar at Rs 29 a kg, payment arrears due by mills to cane farmers have come down by Rs 50 billion, to Rs 180 billion

CEA Subramanian rules out single rate GST, says 3-slab structure possible

Union Minister Arun Jaitley had dismissed the idea of a single rate GST as "flawed" saying that it can only work in a country where the entire population has 'similar and high' capacity to spend

GST Council to consider rate cut on items with low revenue impact on Jul 21

Several industry bodies and stakeholders have been demanding duty cut on items, especially those linked to general health and employment generation in unorganised sector

46 GST law amendments likely; employers may get to claim input tax credit

Employers might be able to claim input tax credit on food, transport, and insurance

GST panel wants tax incentive of 2% on digital transactions to go

The panel of ministers also noted that the proposal on reverse charge mechanism will be put forth in the upcoming GST Council meeting on July 21

Improving the GST regime: What India can learn from island nation Singapore

Not the city state's single-rate GST structure, but its system of advance announcement of rates deserves emulation

GST ministerial panel puts off two issues; Council to meet on July 21

The panel decided to omit the reverse charge mechanism (RCM) clause from the GST law

Amidst all the hoopla, GST problems remain

In an overall assessment, the problems faced by a section are unlikely to get much attention

Tax on liquor production input: AAR puts ball in GST Council's court

The central government wants to impose the levy; many states are opposed - at least, to the Centre doing so

GST: Ministerial panel favours deferment of sops for digital payments

The recommendations of the ministerial panels will be placed before the GST Council, chaired by the Union Finance Minister and comprising his state counterparts, during its next meeting on July 21