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goods and services tax (gst)
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223 Results Found
  • An MMT perspective of the GST shortfall quandary Sep 14, 2020 12:44 PM IST

    An MMT perspective of the GST shortfall quandary

    The MMT unequivocally asserts that an economically sovereign government which issues its own fiat currency does not face a solvency issue in its own currency. The same cannot be said for state governments or municipalities, which are more like the private sector in so far as they are users of currency

  • Avoid GST controversy at any cost Sep 11, 2020 08:47 AM IST

    Avoid GST controversy at any cost

    Instead of a unilateral stand, the Centre should help the GST Council reach a consensus on the vexed issue of compensation cess

  • Big Story | GST compensation impasse continues; Council likely to meet this week Sep 08, 2020 06:35 PM IST

    Big Story | GST compensation impasse continues; Council likely to meet this week

    While government officials have indicated that the Centre intends to compensate states fully for the GST shortfall, it now remains to be seen what States have to say at the next GST Council meeting. Watch the video to know more

  • GST dues — States to fend for themselves   Aug 28, 2020 08:45 AM IST

    GST dues — States to fend for themselves  

    Borrowings can at best be a temporary solution; Centre along with its siblings must explore more durable measures to shore up tax revenues

  • GST rate cut for two-wheelers: Time for action, not mere announcements Aug 27, 2020 08:30 AM IST

    GST rate cut for two-wheelers: Time for action, not mere announcements

    Those in favour of a tax cut point to the strong backward linkages of the auto sector that would help in accelerating economic growth

  • GST compensation uncertainties pose key risk to fiscal health of states Aug 05, 2020 01:30 PM IST

    GST compensation uncertainties pose key risk to fiscal health of states

    For many of the states to remain within their fiscal deficit/borrowing threshold for FY21, capital expenditure would have to be cut or deferred

  • GST — The compensation conundrum Jul 17, 2020 08:32 AM IST

    GST — The compensation conundrum

    States’ proposal to extend the time period looks sensible at a time when Centre’s ability to pay them their dues looks limited 

  • 18% GST on alcohol-based sanitizers: Lowering rate would hit domestic manufacturers, clarifies Centre Jul 15, 2020 06:04 PM IST

    18% GST on alcohol-based sanitizers: Lowering rate would hit domestic manufacturers, clarifies Centre

    "Reducing the GST rate on sanitizers and other similar items would lead to an inverted duty structure and put the domestic manufacturers at a disadvantage vis-a-vis importers," the Finance Ministry stated

  • Government spent Rs 132.38 crore on GST advertisements Sep 03, 2018 11:30 AM IST

    Government spent Rs 132.38 crore on GST advertisements

    The bureau was replying to query on the sum spent by the Centre on advertising and awareness campaigns on GST.

  • Govt clears Rs 38,062 crore refund claims of exporters till June 16 Jun 20, 2018 08:45 PM IST

    Govt clears Rs 38,062 crore refund claims of exporters till June 16

    The Central Board of Indirect Taxes and Customs had conducted a refund fortnight from May 31 to June 14, which was later extended by 2 days to June 16.

  • Bringing auto fuel under GST could bring down prices by as much as Rs 29 May 25, 2018 10:21 AM IST

    Bringing auto fuel under GST could bring down prices by as much as Rs 29

    Experts and dealers suggest that if fuel is brought under the GST, at a rate of even 40 percent, the price of petrol will go down by Rs 29 while diesel could go down by Rs 14.

  • GoM yet to finalise simpler returns filing process under GST Apr 17, 2018 08:57 PM IST

    GoM yet to finalise simpler returns filing process under GST

    The new simplified model may suggest giving credit on a provisional basis, once suppliers upload their sales invoices, upon fulfilling certain conditions.

  • 50,000 housing societies in Mumbai Metropolitan Region to fall under GST net Feb 27, 2018 10:12 AM IST

    50,000 housing societies in Mumbai Metropolitan Region to fall under GST net

    Transfer fees which are paid by incoming and outgoing members to the society, contribute to the society's annual turnover.

  • GST: Haryana government to constitute district level committees Feb 23, 2018 09:40 PM IST

    GST: Haryana government to constitute district level committees

    These include arranging workshops and seminars on the GST Act and GST network after identifying needy dealers with the help of CAIT members, he said.

  • Indians will get loans based on data, not collateral: Nandan Nilekani Feb 21, 2018 09:23 PM IST

    Indians will get loans based on data, not collateral: Nandan Nilekani

    For the first time the data available in the Goods and Services Tax system can be the basis of credit, Nilekani said.

  • No GST on food served by hospitals to in-patients Feb 14, 2018 04:45 PM IST

    No GST on food served by hospitals to in-patients

    However, patients not admitted will have to pay tax on the total value of food served by the hospital.

  • Rs 6 crore GST evasion in 5 months of FY18 Feb 06, 2018 05:46 PM IST

    Rs 6 crore GST evasion in 5 months of FY18

    In addition, it has found service tax evasion of Rs 9,660 crore in a total of 2,938 cases during April-December of 2017 -18.

  • GST rate rationalisation announced so far may cost centre Rs 30000 cr in FY18: Sources Jan 19, 2018 12:15 PM IST

    GST rate rationalisation announced so far may cost centre Rs 30000 cr in FY18: Sources

    The goods and services tax (GST) council in its meeting yesterday rationalised rates of GST rates for 29 goods and 59 services. This rate rationalisation announced may cost centre Rs 30,000 crore in FY18.

  • Directorate General of Safeguards slaps GST profiteering notice on Hindustan Unilever Jan 16, 2018 06:37 PM IST

    Directorate General of Safeguards slaps GST profiteering notice on Hindustan Unilever

    This is the sixth notice issued by DGS, the investigative arm of the finance ministry, to entities for not reducing prices post GST implementation from July 1.

  • See recovery in both urban, rural demand; volume growth to be better in 2018: Marico Dec 28, 2017 11:47 AM IST

    See recovery in both urban, rural demand; volume growth to be better in 2018: Marico

    The GST related issues are behind them and so are the issues related to demonetisation. One is seeing definite improvement in the overall business demand, said Harsh Mariwala, Chairman, Marico.

  • Mobile companies seek additional 6 months to sell pre-GST stock Dec 26, 2017 06:39 PM IST

    Mobile companies seek additional 6 months to sell pre-GST stock

    The ICA has sought extension of time period by at least 6 months, saying by that time the stock will be exhausted.

  • GST: Govt allows companies to paste MRP stickers till March Dec 23, 2017 02:45 PM IST

    GST: Govt allows companies to paste MRP stickers till March

    After GST became effective from July 1, companies were asked to use stickers on unsold packaged commodities to display new maximum retail price (MRP) till September, which was later extended till December.

  • Expect India to growth at 6.7% in FY18, 7.4% in FY19: IMF’s Maurice Obstfeld Dec 22, 2017 02:35 PM IST

    Expect India to growth at 6.7% in FY18, 7.4% in FY19: IMF’s Maurice Obstfeld

    Completing the new reforms is a big task and India can do it but if the global markets sees more on the governance front then that will be a positive, said Maurice Obstfeld, Chief Economist, IMF.

  • No adverse impact of GST on foreign tourist arrivals: K J Alphons Dec 18, 2017 10:30 PM IST

    No adverse impact of GST on foreign tourist arrivals: K J Alphons

    "The number of FTAs in India, during July-November 2017, was 41.16 lakh, as compared to the 36.14 lakh during July- November 2016, registering a double-digit growth of 13.9 percent. As such, no adverse impact of the implementation GST was seen in tourist arrivals," the minister said.

  • Too early to comment on GST collections, says Centre Dec 18, 2017 05:52 PM IST

    Too early to comment on GST collections, says Centre

    As per the information provided by the finance ministry to the Lok Sabha on Friday, as many as 33.2 lakh new taxpayers have registered themselves under GST till December 11 from the day of roll out on July 1.

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