Page 9 - Gst Council

Oppn-ruled states dismiss Centre's 2 options on GST compensation shortfall

Meet today to outline strategy on compensation

GST Council needs to work out revenue shortfall issue: Sushil Modi

The GST Council will have to work out a mid way solution for making good the GST collection shortfall, Bihar Deputy CM Sushil Modi has said.

States to bear interest burden for borrowing Rs 2.35 trn shortfall in GST

Finance Ministry gives states two options for meeting shortfall in collection; GST Council meet to discuss matter

Top headlines: States to borrow Rs 2.35 trn, Ladakh situation 'serious'

Here are the top headlines of the day

GST Council meet: States to push for borrowing by Centre on Thursday

Our worst fears are now coming true, Amit Mitra writes to Sitharaman

Govt notifies interest on delayed GST on net basis from September 1

This, however, goes against the decision by the GST Council in the March meeting

Auto stocks rally as GST Council set to mull tax cut on two-wheelers

The GST meeting on September 17 might take up the two-wheeler rate issue to spur sales ahead of the festive season

States should be allowed to levy, collect taxes: Chhattisgarh CM Baghel

I believe there should be a review of how GST has been implemented. My view is that there needs to be a rethink on GST, the CM said

States to pitch for dispute resolution system at GST Council meet on Aug 27

Punjab FM says not paying cess amounts to sovereign default

GST Council-like authorities for land, labour, power must for reforms: RBI

"In fact, Goods and Services Tax (GST) Council type of apex authorities can be set up in respect of land, labour and power to drive structural reforms," RBI said in its 2019-20 annual report

Tax non-virginia tobacco to earn upto Rs 40,000 cr revenue: SHG to FM

The NGO has appealed to the finance minister ahead of GST Council meet to bring smokeless and non-virginia tobacco under a taxation structure

Single-agenda GST Council meeting on Aug 27 to discuss compensation

Likely to be a stormy affair with divergent views on market borrowing; Next meeting on September 19

GoM favours e-way bill for intra-state gold movement, discusses e-invoicing

The move will help track the movement of gold to help plug tax evasion and smuggling amid rising prices and subdued GST collections

GoM to take up proposal on gold e-way bills to check tax evasion, smuggling

A Group of Ministers (GoM) led by Kerala Finance Minister Thomas Isaac will take up the proposal - aimed at checking tax evasion and smuggling - on Friday

Biz with turnover above Rs 500 cr to raise e-invoice for B2B transactions

The Central Board of Indirect Taxes and Customs (CBIC) has notified the revised format for e-invoice under GST by replacing existing form and also increased the turnover threshold

Call GST Council meet

Problem of states' dues needs co-operative settlement

Centre not obliged to pay for shortfall in GST compensation fund, says A-G

Says Centre not obliged to pay GST compensation shortfall; experts dislike idea of burdening states with additional debt

States can borrow to fund GST compensation, Centre not obliged to pay: AG

K K Venugopal does not recommend borrowings by GST council; experts dislike the idea of burdening states with more debt

Covid-19 crisis: States divided on alternative GST compensation mechanism

While Punjab and Kerala will press the GST Council to borrow in order to compensate states, Bihar Deputy Chief Minister Sushil Kumar Modi called the idea "wishful thinking"

Delhi HC issues notices to govt, GST Council on retro amendment

The amendment relates to limiting the transitional input tax credit to 90 days form the roll out of the goods and services tax (GST) from July one, 2017