Page 11 - Gst

GST revenue at over Rs 1.3 trn in Oct; second highest so far: Govt

Revenues for October 2021 are 24 per cent higher than the GST revenues in the same month last year.

Punjab CM Channi waives GST on langar at Sri Devi Talab temple

Punjab Chief Minister Charanjit Singh Channi on Sunday announced waiver of Goods and Services Tax (GST) on langar at the Sri Devi Talab temple here. The chief minister also paid obeisance at the revered Shakti Peeth Sri Devi Talab Mandir. "The selfless service of Langar at the centres of Religious & Spiritual Pilgrimage - is an integral part of Punjab's rich Culture & Heritage. While paying obeisance at Sri Devi Talab Temple, I announced to waive off the GST on Langar served at this highly revered Temple," Channi said in a tweet. Speaking at the temple, Channi said the ethos of love, brotherhood and harmony in society will be maintained at every cost and will always remain his government's top priority. He described his visit to the temple as a "gratifying experience". He said the Sri Devi Talab temple is a fountainhead of inspiration and positivity for millions of people from around the world. Channi said he came to the shrine to pray for the state, its peace and development,

GST shortfall: Centre releases Rs 1.6 trillion to states this fiscal year

This release of funds as back-to-back loans is in addition to the bi-monthly GST compensation being given out of cess collection.

Work in progress

GST must be reformed to achieve its potential

AAR says no GST exemption for tourist vehicles carrying Covid patients

Experts described the decision as callous on front-line workers

Form ITC-04 to be filed by Oct 25; GSTR-3B return by Oct 24

The Central Government on Saturday informed the deadline for furnishing 'Form ITC-04' (intimation of goods sent on job work) for the quarter ending September till October 25.

GST row: Karnataka HC asks govt to consider refund of Rs 27 cr to Swiggy

Firm had said the money was collected from it by coercion during a probe by Directorate General of Goods and Services Tax (intelligence) on alleged wrongful availment of input tax credit

Performance of high frequency indicators moderated in September: ICRA

The YoY performance of 14 of the 15 high frequency indicators (except non-food bank credit) worsened in September compared to August this year, ICRA said.

Why Ajit Pawar is opposed to bringing petrol, diesel under GST: Patil

Fuel prices would be lower if they are brought under the Goods and Services Tax (GST) regime, Chandrakant Patil claimed

Agencies may have to pay GST on service charges collected on govt's behalf

This follows a ruling by AAR Telangana on the matter, which also ruled that neither services provided by agency to govt, nor services provided on govt's behalf to businesses are exempt

Tax mop-up likely to top target by Rs 2.5 trillion, say experts

Monthly GST collection likely to touch Rs 1.5 trillion next fiscal year

Centre blaming states over coal issue, but silent on GST payment: Pawar

NCP Chief hit out at the Centre for blaming the states for delaying the payment of coal, adding that the Centre is yet to give the GST amount to the state but nobody is saying anything on the issue

SC stays GST on royalty paid by petitioner to state for mining rights

GST at the rate of 18 per cent is imposed on royalty given to the state governments for mining rights

GST rationalisation: Challenge and response

A revision of slab rates may create some disquiet, but, if cleverly crafted, it could be a game-changer for manufacturing

Top headlines: Shah reviews coal crisis; Tata seeks to consolidate airlines

India may look at increasing tax on some goods and services in a step toward moving to a simpler structure. More on that in our top headlines this morning.

Govt may consider higher GST, fewer rates to simplify structure: Report

The two lowest rates could be raised by a percentage point each to 6% and 13%, reports Bloomberg.

Orissa HC rules deposits for GST appeals must be filed via cash ledger only

Experts say this would have repercussions on businesses having accumulated tax credits

GST rate clarifications on cattle feed may lead to disputes

DDGS falls under the category of residues and will get similar treatment in terms of GST rate as is given to other residues

Centre releases Rs 40k cr to states/UTs to meet GST compensation shortfall

Total amount of Rs 1.15 trn released in current year to meet GST compensation shortfall

Refund interest paid on ineligible input tax credit, says industry

The levy of interest on availed but unutilised input tax credit is a subject of significant disputes in GST since its implementation