Page 87 - Gst

Businesses, govt spar over fraudulent ITC claims and imprisonment under GST

Companies may challenge jailing provisions, say Section 69 of central GST Act is arbitrary as it empowers commissioners to arrest persons they have "reasons to believe" have claimed fraudulent ITC

It is a game of skill: Rajasthan High Court rejects plea to ban Dream11

Court says games offered on platform involve skill, not chance; rules that issue of GST evasion, as alleged in the plea, will be decided by GST authorities

Centre, states relations worsen over farm bills, GST compensation

Invocation of tripartite agreement with Jharkhand strains ties further

Top trader-retailer body moves govt against Amazon, Flipkart festive sales

Says hefty discount amounting to predatory pricing, cashback by credit and debit card banks and high interest rate on EMI offered to buyers need to be scrutinised

GST shortfall: FM writes to states, explains Rs 1.1 trn borrowing window

A day after the Centre agreed to borrow Rs 1.1 trillion on behalf of states for meeting GST shortfall, FM Nirmala Sitharaman reached out to all states explaining the contours of the special window

Govt should work to re-establish trust with states: Chidambaram on GST row

After the govt agreed to borrow Rs 1.1 trn on behalf of states to meet GST shortfall, P Chidambaram said that it has taken the "correct first step" and should now work to re-establish trust with them

Centre to borrow to make up for states' GST shortfall: Finance Ministry

Finance Ministry on Thursday said the central government will borrow Rs 1.1 trillion to make up for the shortfall in GST of states

Cash vouchers, Rs 10k festival advance: Key announcements by FM Sitharaman

Here are the key announcements made by FM Nirmala Sitharaman

GST Council meet ends without reaching consensus on compensating states

This was the third meeting in a row that discussed compensation shortfall without a decision

No consensus on borrowing for shortfall in GST compensation cess, says FM

The GST Council meeting is underway. FM Nirmala Sitharaman is expected to address the media sooon

Delhi man held by DGGI in Rs 190 crore fake input tax credit case

DGGI GZU has arrested a Delhi resident on charges of setting up and operating fictitious firms on forged documents and passing fake ITC totalling Rs 190 crore

Taxpayers have to show only FY19 transactions in annual GST return: FinMin

The ministry said certain representations have been received stating that certain tables in the auto populated GSTR-9 for the year 2018-19 also include the data for the financial year 2017-18

Deep Dive with AKB: GST row and the question of cooperative federalism

When the coronavirus pandemic has hit the Indian economy hard and squeezed government revenues, we are seeing quite a row between the Centre and states over GST compensation.

Deep Dive with AKB: GST row and the question of cooperative federalism

When the coronavirus pandemic has hit the Indian economy hard and squeezed government revenues, we are seeing quite a row between the Centre and states over GST compensation.

Why economists remain pessimistic amid signs of economic recovery

Some believe recent indicators like GST numbers are overstated, most are sceptical about the impact of a stubborn pandemic

Top headlines: TCS crosses Rs 10 trn m-cap; GST deadlock continues

From deadlock over GST compensation dominating council meeting to DoT looking for more spectrum to meet 5G demand, here are top headlines this morning

No breakthrough in GST compensation deadlock; next Council meet on Oct 12

About two thirds of states opt for RBI-window of Rs 1.10 trillion, rest still want the Centre to borrow instead

Tamil Nadu may go with Option-1 for GST compensation, but seeks tweaks

State reiterates that Centre is bound to compensate the shortfall in GST collections and should find necessary funds for the purpose if there was a shortfall in cess collections

Karnataka appellate authority rules 18% GST on whole wheat 'parota' is void

Karnataka Appellate Authority of Advance Ruling has given a ruling that the 18 per cent GST applicable on whole wheat parantha or parota (fried flat bread) and Malabar Parota is void ab initio

Covid-19 impact: States likely to get IGST dues worth Rs 24,000 crore

The proposal will be presented to the GST Council for approval at the meeting on Monday, expected to be a stormy one over the issue of compensation