Page 6 - Gst Council

Centre, states stare at Rs 2-trillion GST cess gap amid Covid-19

The GST compensation of states is expected to widen to Rs 2.5-3 trillion in FY22 as against the cess collection of Rs 1 trillion estimated in the Budget

Rationalise rates

GST Council must address the shortfall in collection

GST Council may decide on easing levy on imported oxygen concentrators

The Delhi HC last week said that imposition of 12% IGST on oxygen concentrators for personal use or those received as gifts is 'unconstitutional'

GST Council to meet on May 28, compensation shortfall on agenda

As Covid second wave ravages the country, several states had urged Sitharaman to convene a GST Council meeting at the earliest

Constitutional violation to not call GST Council meet, says Amit Mitra

Amit Mitra urged Nirmala Sitharaman to convene a GST Council meeting at the earliest

We'll have to find vaccine resources if Centre doesn't help: Amit Mitra

In an Q&A, the West Bengal finance minister says differential pricing is absurd and will result in a huge additional outgo for states

States open to GST on fuel, want Centre to come up with clear plan

Say Centre should come up with clear proposal, with focus on compensation mechanism

Bringing petroleum products under GST will be a good move, says CEA

He, however, said the decision will have to be taken by the GST council

Pradhan urges GST Council to bring petroleum products under its purview

The move, if carried out, will be a big relief for the common man, Pradhan said

Without legislative backup, govt must not amend rules

The GST Council should prevail on the government to avoid such practices as they lead to unnecessary litigation

Course correction

Underperformance of GST must be addressed

Top headlines: Rich PF investors may opt for debt funds, GST slab merger

Following the backlash it received for the update to its privacy policy in early January, WhatsApp will now let users take a better look at the changes that have been proposed. Read top news here

GST Council may take up rationalising tax rates, slab merger in next meet

15th Finance Commission has suggested merging 12 and 18% tax rates

Forward-looking Budget eases tax compliance; ball in GST council's court

Budget can be viewed as a positive and a forward-looking in line with promoting the vision of an 'Atmanirbhar Bharat', coupled with continued efforts to ease compliance and check tax evasion.

Gujarat HC serves notice on Centre over interest on delayed payments

Earlier, the GST Council had decided that interest up to 18 per cent would be levied only on delayed payment through cash ledger and not via input tax credit

Delhi High Court serves notice on govt, GST Council in real estate case

As such, the prima facie evidence as required under the anti-profiteering provisions of the CGST Act does not exist, according to the petitioner.

Cleaning up taxes

Govt must seize opportunity to reform holes in tax system

Traders urge Finance minister, GST council to modify new GST notification

Trading community urged FM Nirmala Sitharaman and GST Council to withdraw certain provisions of the new GST notification issued a few days back

Banking on Budget: Some key indirect tax measures govt should focus on

Having multiple GST rates not only leads to complexities in compliance and tax structure, but also does not optically make India tax-friendly and competitive globally

Fake invoice issue: GST Council law panel urges Aadhaar-like registration

Wants physical verification if applicants opt for non-aadhaar process. Committee met in the wake of rising number of fake invoices under GST system