Page 99 - Gst

Fixing the GST

Fundamental improvements to the flawed structure needed

GST Stakeholder Feedback Diwas for new return filing system on Dec 8

These feedback sessions would be attended by all prominent chambers of commerce and industry and other organisations representing taxpayers and tax practitioners

Kerala threatens to take Centre to SC over delay in payment of GST dues

The issue could become a major one at the GST Council meeting on December 17-18 in New Delhi

FM Sitharaman assures states of releasing GST compensation dues soon

Sitharaman on Wednesday said the Centre was duty bound to safeguard the interest of states

GST mop-up crosses Rs 1 trn in Nov over festive demand, anti-evasion steps

Although the collection figures come as a breather for the government, it is lower than the expected collection rate needed to meet the steep target for FY20

GST collection up 6% in Nov, crosses Rs 1 trn after a gap of three months

The GST collection was Rs 95,380 crore in October while it was Rs 97,637 crore November 2018

Govt's ballooning GST dues to states akin to economic emergency: Congress

On November 20, finance ministers of Punjab, West Bengal, Kerala, Delhi and Rajasthan had appealed to the Centre to release their GST compensation without any delay.

Rising fiscal fears

A comprehensive review is needed

Enhanced public spending, lending rate cuts can prop up growth: Experts

At present, India's economy faces a severe demand slowdown on account of high GST rates, farm distress, stagnant wages and liquidity constraints

States' GST compensation may need to be extended beyond 2022: Report

Serious inconsistencies in data make revenue projection problematic

GST authorities unearth tax racket to the tune of Rs 140 cr, arrest one

CBIC in a release said that the Central GST Delhi North Commissionerate has unearthed a racket "involving supply of goods-less invoices and invoice-less goods".

Centre planning to come up with lottery scheme for GST paying customers

Once the consensus at officers level is reached then it will be put before GST Council meeting

Finance commission chief Singh blasts frequent tinkering with GST rates

He also pitched for a rationalisation in Centrally- sponsored schemes, and blamed the government for not clearly defining the role of the Niti Aayog

States' fiscal health falling apart over shortfalls in GST compensation

States are indeed facing shortage in cash flow to run the administration and finance their schemes, as well as capital spending

Telcos' AGR dues to outweigh two-year breather for spectrum payment

Incumbent telcos Bharti Airtel and Vodafone Idea have said they would go for a review petition of the SC order, but they have limited time to move court

Amid GST delays, poor non-tax mop-up, states went slow on capex in Apr-Sep

The report said Maharashtra and Himachal ran a fiscal surplus in H1, but the numbers in both the states are much lower than that of H1 of FY19

States concerned over GST compensation delays, ask FM to speed up payments

Punjab is awaiting Rs 2,100 crore as compensation while arrears stand at Rs 2,000 crore

HC issues notice to Centre over input tax credit denial to restaurants

GST rate on restaurants was cut from 18 per cent to 5 per cent in November 2017, but without any input tax credit

Simplifying GST: Govt plans mass outreach programme for return filers

FM Sitharaman meets stakeholders; pan-Indian initiative for new forms on December 7

Cut GST on matchbox to 12%, on par with raw materials: Tamil Nadu minister

Raju, along with eight representatives of match stick manufacturers' associations, said the GST on matchboxes was high and needs to be brought down at par with the tax rate on raw materials