Page 13 - Gst

Next steps for GST Council

It should address issues with a longer-term view

Will GST be structurally overhauled at the Council's meeting in Lucknow?

Apart from fewer slabs, the council will do well to take on issues like bringing petroleum under GST, addressing conflicting rulings of AARs and the issue of compensation to states beyond 2022

GST Council may deliver blow to food-delivery operators Swiggy, Zomato

Many restaurants are not depositing GST, while some are not even registered

Coconut oil in less than 1-litre bottle may soon attract 18% GST

Coconut oil sold in a container of 1,000 ml or above would be taxed as edible oil and attract 5 per cent GST

GST Council to weigh bringing fuel under indirect tax regime: Report

Any change to the GST system would require approval by three-fourths of the panel, which includes representatives from all states and territories

GST Council may allow intra-state pharma cess, discuss states' dues

It may discuss extending the compensation cess for states beyond 2022

GST Council may take up proposal for cutting rate on steel scrap to 5%

The GST rate on other kinds of scrap such as plastic, rubber, and wood has already been reduced from 18% to 5%

Hit by GST recovery notices and summons, industry calls for help

GST authorities are issuing notices containing denial of input tax credit and in many cases they are blocking the entire input tax credit, even if only one vendor fails to deposit GST

Gujarat AAR rules parathas are not ready-to-eat, puts them under 18% GST

Ruling is in response to Vadilal Industries' query on whether they would attract 5%, as in the case of khakras or rotis

SME Chatroom: 'RoSCTL claims must be filed within the stipulated deadlines'

There is no provision of late cut under RoSCTL

How RSS sends clear signals to intended groups while evading accountability

RSS effort to distance itself from Panchjanya as thin as its claim of being a 'cultural organisation'

GST mop-up dips but stays above Rs 1 trillion for the second month

August number contrasts sharp pick-up seen in daily e-way bill generation

Top headlines: Aug GST collection Rs 1.12 trn; AU SFB clears air on exits

Business Standard brings you the top stories this evening

R C Bhargava, Venu Srinivasan face off with govt on auto GST rate

Sales of commercial vehicles in FY21 were the worst in 11 years; for three-wheelers, they were the lowest in 19 years

States' tax revenues lower than two years ago as demand for spending rises

An analysis of 17 states shows that while states' revenue spending in April-June 2021 was 14% higher than the same period in 2019, own revenues were 8% lower

Deduction of interest due to prepayment of usance bill is allowed: Expert

Exporters may approach AD Category-I banks for reduction in invoice value on account of cash discount to overseas buyers for prepayment of the usance bills

Liaison office of WEF in India exempt from GST, rules AAR Maharashtra

Says services rendered by forum's liaison office are not for furtherance of business, and that the office is a public interest not-for-profit set up that needn't be registered under GST law

No GST on canteen charges recovered from employees, says AAR

GST will not be levied on the amount paid by employees for availing canteen facilities provided by their employers, the AAR has ruled.

HC grants SpiceJet relief against recovery proceedings by GST authorities

GST authorities had asked SpiceJet to pay tax liabilities of Rs 80.6 crore and furnish details of properties.

BS-Seema Nazareth Award: NK Singh calls for Parliament, GST, health reforms

Finance Commission Chairman shares his vision to make the economy deliver over next 30 years