Page 12 - Gst Council

New political landscape leaves BJP at mercy of others in GST Council

The party controls 15 states and is short of the 75% vote share needed to pass decisions

Clearing GST Council voting harder for govt as BJP loses grip over states

The party, which controls 15 states, falls short of the 75% vote share needed to pass a decision. And it doesn't have an Arun Jaitley to broker a consensus on contentious matters

FinMin to discuss ways with tax commissioners to plug GST leaks on Jan 14

Even as the GST collection crossed Rs 1-trn mark for the 2nd month in a row in December, the receipts were nowhere near Rs 1.10 trn required every month from Dec onwards to meet the target for 2019-20

Mobile handset manufacturers seek GST cut to 12% from 18-28% on accessories

The PCBA is a key component in the mobile manufacturing ecosystem. It sought continuation of BCD on mobile phones at 20 per cent

What may lie ahead in 2020

Nobody can anticipate, let alone predict, what Mr Modi will do in 2020.

GST facelift: Electronic invoicing, new returns to be introduced in 2020

In the e-invoicing system, the invoices are authenticated electronically by GST Network (GSTN) for further use on the common GST portal.

FinMin asks GST Council to form grievance redressal mechanism for taxpayers

The proposal in this regard was approved last week by the GST Council

Best of BS Opinion: Rethinking GST, Citizenship Act protest, and more

Here's a collection of Business Standard Opinion pieces for the day

Re-think GST: No economy can afford to persist with a failed tax experiment

Let's pretend no more that the system isn't broken. The Centre needs to break heads in the GST Council and work out new slabs and rates (the fewer the better) and make a fresh start, writes T N Ninan

Centre breached basic trust on which GST was designed: Kerala FM Isaac

'Raising taxes in times of recession will be counter-productive', said Issac

Top biz headlines: Mistry back as Tata chairman, GST Council meet, & more

In a first, the GST Council on Wednesday resorted to voting to decide an issue

GST Council fixes 28% uniform tax rate for lottery effective March 2020

The panel also relaxed levy of penalty for non-filing of GSTR-1 from July 2017

Top 10 biz headlines: Advance corporation tax mop-up, GST council, and more

From Unilever cutting sales to rise in financial frauds, here are the top 10 business headlines for the day

Top events today: SC to hear pleas against CAA, GST Council meet, and more

A three-judge bench of the Supreme Court will hear plea of a convict seeking review of the court's earlier judgment upholding his death penalty in the Nirbhaya gang rape-and-murder case

GST Council may crack down on fraudulent invoices, input tax credit refunds

The law committee has proposed blocking of input tax credit for errant businesses "with the intent to safeguard government revenue''

Top 10 headlines: GST compensation cess, Zomato-UberEats deal, and more

Finance ministers of non-BJP-ruled states are likely to discuss on Monday their strategy for the GST Council meet

GST Council meet may turn stormy over states' cess; Rs 50k-cr dues pending

The Centre has, so far, not given any definite timeline for making the pending compensation cess payments to states, thereby triggering a face-off between the two sides

GSTN to be converted into a fully govt-owned company in 3-4 months: CEO

The GST Council had decided to convert it into a fully govt-owned company in May, 2018

Key decisions likely to be taken at the GST Council meeting on Friday

The Council may reset the GST rates on automobiles, hotels, biscuits, matchsticks and outdoor catering services. Listen to the podcast to know more

States plan political battle over delayed allocation of GST compensation

States are planning to pass resolutions in their legislative assemblies; however, such tactics will be used as the last resort if the Centre continues to stall allocations