Page 65 - Gst

GST: GoM to finalise report on casinos, online gaming by Aug 10

The state finance ministers' panel looking to bring online gaming and casinos under GST failed to reach a consensus on Tuesday and decided to finalise its report by August 10. Officials said the Group of Ministers (GoM) held a virtual meeting on Tuesday and discussed various methods of taxation of casinos, horse racing and online gaming. The panel felt that further deliberations were required on the matter and fixed August 10 as the date for finalising its report, the officials added. The report is likely to be taken up for discussion in the GST Council meeting scheduled to be held in Madurai next month. Last month, the council, comprising the Centre and state finance ministers, referred back the report that was submitted by the GoM for further discussions. The GoM, under Meghalaya Chief Minister Conrad Sangma, in its report had highlighted that horse racing, online gaming and casinos are all part of betting and gambling, and 28 per cent GST on gross sales value should be ...

India isn't anywhere near a middle income trap, says Nicholas Stern

'We would not have got a Paris agreement without the enthusiastic participation of India'

GoM on GST Appellate Tribunal set up, to be headed by Dushyant Chautala

The Goods and Services Tax (GST) Council has set up a six-member group of ministers (GoM) to recommend necessary amendments required in the GST laws and other legal changes for setting up the GSTAT

CBIC to issue SOP for GST summons to stop harassment of businesses

The new SOP will make officials more accountable and will also make the entire process transparent

Panel on GST Appellate Tribunal formed, to submit report by month-end

The 6-member GoM would also ensure that the amendments are in line with various court judgements relating to setting up the tribunal

Sale of machine made or polyester national flag exempt from GST: FinMin

Hand-woven, hand-spun national flags made of cotton, silk, wool or Khadi are already exempt from GST.

5 years of GST: Why the indirect tax regime may not see big-bang reforms

From July 1, 2017, a uniform tax on goods and services - marketed by Prime Minister Narendra Modi as "One Nation, One Tax, One Market" - replaced a bewildering array of local sales and entry levies

Government notifies host of procedural changes in GST rules

The changes were vetted by the Goods and Services Tax (GST) Council at its meeting last week

Proposed DESH law aims to grant SEZs greater flexibility, but will it work?

Some experts see significant positives, other believe problems associated with older policy will persist

Scope for further pruning of GST exemption list: Revenue secy Tarun Bajaj

Industry body Ficci in a letter to the finance ministry on Monday said that 5 per cent GST on non-ICU hospital rooms above Rs 5,000 will increase the cost of healthcare services

'Casinos over common people': Congress slams govt on GST changes

Congress attacked government for its decision to withdraw GST exemptions on items such as pre-packed wheat flour, and asked why further deliberations were ordered for deciding the tax rate for casinos

Work needs to be done to prune GST exemption in services: Revenue Secy

A lot of work still needs to be done to prune GST-exempted items, especially in the services sector, Revenue Secretary Tarun Bajaj said on Tuesday

Industry body CII pitches for simplification of GST, reduction in tax slabs

CII's President Sanjiv Bajaj pitched for simplification of GST structure, and suggested electricity as well as fuel should be brought under GST as that will help make the industry more competitive.

Policymakers don't have fetish to raise rates: Revenue secy Tarun Bajaj

But the government is open to discussing narrowing down the three slabs of 5, 12 and 18 per cent into two, he said while addressing industry leaders

Industry body voices concern over 5% GST on hospital room tariffs

Ficci bats for zero GST on health care in letter to FM; CAIT against tax tweaks on food items

TMS Ep207: Nirmala Sitharaman, GST in 5 years, oil & gas stocks, Web 5.0

How does the FM see economic recovery panning out? What are the hits and misses of GST in five years? Are RIL & ONGC worth your money after govt's export duty levy? What is Web 5.0? All answers here

Highest 28% GST on luxury, sin goods to continue: Revenue Secretary

On the industry demand for bringing petroleum products under GST net, Tarun Bajaj said since fuel constitutes a larger part of their revenues, both the Centre and states have some apprehension

Top Headlines: GST e-invoicing for firms, corporate earnings in FY23 & more

The central government is planning to make GST e-invoicing mandatory for companies with a turnover of Rs 5 crore and above, a government official said. Read more on this in our top headlines

What have been the most notable hits and misses of GST in five years?

The finance minister recently called her experience as the chairperson of GST Council humbling. After the initial teething troubles, GST completed five years last week. A peek into the journey so far

Govt plans to make GST e-invoicing must for companies with Rs 5-cr turnover

At present, any firm with Rs 20-crore turnover is mandated to file this