Page 17 - Gst

Panel to examine valuation of services by casinos, online gaming for GST

The government has set up a panel of state ministers

Structural shift

Higher GST collection reflects better compliance

The time has come for a states income tax

What better way is there to empower states than for them to have their own income tax and have a greater degree of financial independence?

Covid-related imports not exempt from IGST if payment made: Expert

GST will be payable whether you buy from a party abroad or from a local supplier

Haryana first state to reimburse GST on Covid-related donations

Reimbursement will be available only in cases where Covid-19 related material is donated free of cost to the government of Haryana, state-run hospitals, or any hospitals or institutions

Notify Covid-19 vaccines as zero-rated supply under GST, say experts

Tax waiver on entire Covid-related supply chain could prevent a rise in price

GST exemption on vaccines will lead to high prices: FM Sitharaman

Statement follows West Bengal CM Mamata Banerjee's letter to PM seeking GST exemption

Covid-19 pandemic: Odisha seeks GST exemption on purchase of vaccines

Odisha also asks for financial assistance to states from the cess and surcharge collected by the Union government from various products

E-way bills likely to fall to five-month low amid Covid-19 lockdown

Likely to decline to 55-58 million in April

Govt waives late fee on delayed filing of March, April GSTR-3B, tax payment

The government has waived late fee on delayed filing of monthly return GSTR-3B and tax payment for the months of March and April and also cut interest rate for late filers

'FTP benefits are available against settlement of claims by ECGC'

Expert answers readers' SME queries related to excise, VAT and exim policy

Centre surpasses its revenue targets but higher food subsidy cancels gains

While govt made Rs 1.16 trn more revenue, it spent Rs 1.18 trn more on food subsidy too. But it can be said that the govt used the gains it made to settle FCI arrears once and for all

GST officers to soon have real-time data on vehicles moving without e-way

The government is working on a system to soon provide report to GST officers on a real-time basis for those vehicles which are moving without e-way bills

Flavoured milk taxable at 12% under GST: AAR rules in Amul dairy case

Flavoured milk is basically 'beverage containing milk' and will attract 12 per cent GST, the Gujarat Authority for Advance Ruling (AAR) has said

Flavoured milk to draw 12% GST: Gujarat-based Authority for Advance Rulings

The ruling was delivered in a case filed by Vadilal Industries for its product Power Sip. Harpreet Singh, partner at KPMG, said the government should now clarify its position on this issue

Central govt's indirect tax collection up 12% in FY21, GST number falls

Customs duty collections stood at Rs 1.32 trillion during FY'21, representing around 21 per cent growth.

Exempt Covid drugs from GST, transfer Rs 6k to eligible: Sonia Gandhi to PM

Congress interim president Sonia Gandhi has written a letter to the Prime Minister and asked him to exempt the medicines and equipment required for Covid-19 treatment from GST

GST: Firms challenge constitutional validity of arrest rules in top court

Counsel for companies raises concerns about whether or not well accepted, judicially tested, fair and proper procedures are being followed during such arrests

Best of BS Opinion: The GST puzzle, infecting public health, and more

Here's a selection of Business Standard opinion pieces for the day

The GST puzzle

The sharp rise in GST collection in March could be a false indicator if further rate reforms are delayed