Page 187 - Gst

Council mostly agrees on CGST, IGST provisions; GST set for July 1 rollout

Amit Mitra said that as many as 26 changes sought by states have been accepted by the Centre

GST Council to meet today to clear crucial Bills

Small companies want input credit be de-linked from tax payment

GST council to finalise supplementary legislations tomorrow

The council will discuss central GST, state GST, integrated GST laws and finalise them

GST changes: Enabling provision for peak 40% rate

The Goods and Services Tax (GST) Council is likely to get the power to raise the rate up to 40 per cent for any item in future, without the need for parliamentary approval. The proposed move has not gone down well with tax experts, who want the rates to be moderate even in the future. The Council, chaired by Finance Minister Arun Jaitley, has proposed an enabling provision in the GST Bills for a peak rate of 20 per cent each for Central GST (CGST) and state GST (SGST), from 14 per cent in the current draft , taking the limit to 40 per cent from 28 per cent. However, the current slabs will not be disturbed, at least for now. The four-slab GST structure will remain unaltered at five, 12, 18 and 28 per cent, and a cess for the time being, as agreed by the Council. The government is targeting July 1 as the GST rollout date.The revised draft of the model GST laws, made public in November 2016, provides for a maximum rate of tax under the GST regime at 14 per cent central GST and an equal ..

Model GST Bill to go for 20% peak tax, slabs intact for now

The change in the peak rate will not alter the 4-slab rate structure of 5, 12, 18 and 28 per cent

GST to be implemented from July 1: Shaktikanta Das

The draft compensation bill has already been approved in the council's February 18 meeting

FAQs: Assessment of an impact on real estate and oil & gas sectors

Frequently asked questions on how will GST impact on real estate and oil & gas sectors

GST: Enrolment figures show inter-state disparity

The states began the process of advance enrolments to ensure a smooth transition

GST: Many loose ends to be tied

Legal and tax experts share some concerns about the revised model GST law

CBEC seeks exporters' feedback on drawback rates post GST

The government plans to roll out the GST from July 1

GST represents one tax, one market, one India, says Arvind Subramanian

Subramanian state that state govts need to impose stricter penalties on deferring tax payment

India must take GST lessons from other nations: CFO survey

Before the Goods and Services Tax (GST) reform is rolled out, India should take cautious lessons from other nations which have also introduced similar legislation, industry leaders have warned.A report released on Monday by the Confederation of Indian Industry and tax consultancy major Deloitte which incorporates the views of Chief Financial Officers (CFO) of major companies, said the experience of other nations like Malaysia, Canada resonated with challenges currently being faced by India.With the GST council approving on Saturday a draft law that seeks to compensate states fully in case of revenue loss as a result of GST, the tax reform is widely expected to come into usage by July 1.The report also revealed that almost 57 per cent of all surveyed CFOs felt that GST will have the biggest potential impact on operations with wide repercussions for cash flow, tax accounting, supply chains, procurement as well as the technology framework.On this note, the report called for adequate ...

Govt launches app to provide GST updates to taxpayers

The app can be downloaded for free on Android platforms

Amusement park industry seeks single digit GST rate

There are nearly 480 amusement parks in the country

GST Council OKs law for compensation to states

To meet again on March 4 and 5 and take up supporting legislation

Uproar over changes in last meeting's minutes

The issue: changes in provision for states dealing separately with Centre on cross-empowerment

GST Council clears draft law for compensating states' loss: Arun Jaitley

The law states that if any state suffers loss it will be covered in first five years

GSTN's IT infra firm under scrutiny for tax evasion

Summon also asked the company to produce details of receipts of funds from the Centre

Biscuit makers seek lower tax rate under GST

FBMI said the government proposes to tax basic food at a lower rate under GST

Warehousing space leasing at over 10 mn sq ft in 2016: CBRE

Companies from engineering, manufacturing sector leased 22% of the total space transacted in 2016