Business Standard

Page 7 - Gst Council

Difficult to sustain Rs 1-trillion monthly GST collection, say experts

They believe the October mop-up may have resulted from pent-up demand, and are sceptical about the post-festive season scenario

Difficult to sustain Rs 1-trillion monthly GST collection, say experts
Updated On : 21 Nov 2020 | 6:05 AM IST
Updated On : 18 Nov 2020 | 9:02 PM IST

Five more held for fake invoices under GST, total arrests reach 30

GST Council's law panel to meet on Wednesday to deliberate on actions to curb fake issuance of invoices

Five more held for fake invoices under GST, total arrests reach 30
Updated On : 17 Nov 2020 | 9:01 PM IST

GST Council's law panel to meet on Wednesday over fake invoices

Meeting is part of nationwide drive against fake GST invoices; 25 held, 350 cases filed against 1,180 entities till Nov 13, crackdown resumes today after diwali recess

GST Council's law panel to meet on Wednesday over fake invoices
Updated On : 16 Nov 2020 | 11:44 PM IST

Raise GST borrowing to Rs 1.83 trillion, Kerala CM writes to FM Sitharaman

More states likely to write to FM today; Jharkhand rejects Centre's proposal

Raise GST borrowing to Rs 1.83 trillion, Kerala CM writes to FM Sitharaman
Updated On : 19 Oct 2020 | 1:26 AM IST

Bridge the gap

Centre's decision to borrow doesn't fully address the GST issue

Bridge the gap
Updated On : 18 Oct 2020 | 11:28 PM IST

GST compensation shortfall: Tamil Nadu becomes 21st state to pick Option 1

Gets nod to borrow Rs 9,600 crore, total additional borrowing touches Rs 78,000 crore

GST compensation shortfall: Tamil Nadu becomes 21st state to pick Option 1
Updated On : 15 Oct 2020 | 12:55 AM IST

GST compensation: 21 states may borrow Rs 78,000 cr above Rs 1.1 trn option

Tamil Nadu opts for special window, gets permission to borrow Rs 9,600 crore, Kerala reacts strongly to the Centre's move to 'divide" states

GST compensation: 21 states may borrow Rs 78,000 cr above Rs 1.1 trn option
Updated On : 14 Oct 2020 | 9:11 PM IST

Tamil Nadu, 20 more states to borrow Rs 78,452 cr to meet revenue shortfall

The decision comes days after the GST Council failed to reach a consensus on the stalemate over the Centre's proposal of states borrowing against future GST collections to make up for the shortfall.

Tamil Nadu, 20 more states to borrow Rs 78,452 cr to meet revenue shortfall
Updated On : 14 Oct 2020 | 8:16 PM IST

Break the deadlock

GST compensation issue needs a pragmatic approach

Break the deadlock
Updated On : 14 Oct 2020 | 12:12 AM IST

Govt allows 20 states to raise Rs 68,825 cr in borrowing for GST shortfall

The decision came a day after the GST Council meeting failed to reach a consensus over the Centre's proposal of states borrowing against future GST collections to make up for the shortfall

Govt allows 20 states to raise Rs 68,825 cr in borrowing for GST shortfall
Updated On : 13 Oct 2020 | 7:19 PM IST

GST Council meet on compensation mechanism inconclusive for second time

Kerala Finance Minister Thomas Isaac said, Sitharaman's announcement that she would permit 21 states to borrow in line with Option 1 was illegal

GST Council meet on compensation mechanism inconclusive for second time
Updated On : 13 Oct 2020 | 2:58 AM IST

LIVE: 8 union ministers to hold virtual rallies about farm laws in Punjab

Eight Union ministers will hold virtual rallies over eight days in Punjab from Tuesday to "address apprehensions of farmers amid widespread protests against the Centre's farm laws.

LIVE: 8 union ministers to hold virtual rallies about farm laws in Punjab
Updated On : 12 Oct 2020 | 8:49 PM IST

With complications whittled down, the GST system has come of age

True, there are still a lot of niggling issues. But the major pain points have been mostly addressed

With complications whittled down, the GST system has come of age
Updated On : 12 Oct 2020 | 11:22 AM IST

GST Council meet: Stalemate over compensation may see some solution today

Dissenting states may move SC, press for dispute resolution authority, refer matter to GoM

GST Council meet: Stalemate over compensation may see some solution today
Updated On : 12 Oct 2020 | 12:41 AM IST

GST Council: No voting expected on new compensation borrowing options

The finance ministry has ruled out voting on the borrowing options given by the Centre to the states in lieu of their GST compensation dues at the next GST Council meeting on Monday

GST Council: No voting expected on new compensation borrowing options
Updated On : 10 Oct 2020 | 3:20 PM IST

Decoded: What GST Council decided for taxpayers, big and small

Here's a look at the most important decisions and what they mean for the average taxpayer.

Decoded: What GST Council decided for taxpayers, big and small
Updated On : 07 Oct 2020 | 9:14 AM IST

GST Council has no jurisdiction over borrowing by states: Govt sources

As such issue of voting in the Council over this issue does not arise, they say

GST Council has no jurisdiction over borrowing by states: Govt sources
Updated On : 06 Oct 2020 | 11:12 PM IST

Top headlines: RBI's MPC gets 'dovish tilt', Nobel physics prize announced

GST council has no jurisdiction over states' borrowing, three scientists get Nobel Prize for Physics -- Business Standard brings you top news of the evening

Top headlines: RBI's MPC gets 'dovish tilt', Nobel physics prize announced
Updated On : 06 Oct 2020 | 5:24 PM IST

Faltering federalism: GST Council meeting failure is not a good sign

States don't issue their own currency, and are by definition a more fragile borrowing construct than the Union. The final solution must reflect this asymmetry

Faltering federalism: GST Council meeting failure is not a good sign
Updated On : 06 Oct 2020 | 6:48 AM IST