Page 24 - Gst

Top headlines: TCS crosses Rs 10 trn m-cap; GST deadlock continues

From deadlock over GST compensation dominating council meeting to DoT looking for more spectrum to meet 5G demand, here are top headlines this morning

No breakthrough in GST compensation deadlock; next Council meet on Oct 12

About two thirds of states opt for RBI-window of Rs 1.10 trillion, rest still want the Centre to borrow instead

Tamil Nadu may go with Option-1 for GST compensation, but seeks tweaks

State reiterates that Centre is bound to compensate the shortfall in GST collections and should find necessary funds for the purpose if there was a shortfall in cess collections

Karnataka appellate authority rules 18% GST on whole wheat 'parota' is void

Karnataka Appellate Authority of Advance Ruling has given a ruling that the 18 per cent GST applicable on whole wheat parantha or parota (fried flat bread) and Malabar Parota is void ab initio

Covid-19 impact: States likely to get IGST dues worth Rs 24,000 crore

The proposal will be presented to the GST Council for approval at the meeting on Monday, expected to be a stormy one over the issue of compensation

Govt defers implementation of QR Code on B2C invoices till December1

Quick Response Code or QR Code help users verify the details in the digitally signed e-invoice

National Anti-Profiteering Authority and the company vs consumer tug-of-war

While businesses have issues with NAA's methodology of computing profiteering, consumers are defending their right to be charged fair prices and are supportive of the authority

CAG findings on IGST sharing may strain Centre-state relations further

As per rules, IGST must be shared equally between Centre and states and union govt is bound to part with another 42% of its share as per 15th Finance Commission recommendations

Eligibility to prepare e-invoice under GST based on PAN, says expert

One have to prepare e-invoice for all your supplies with effect from October 1, 2020, expert suggests

GST-registered businesses to get pre-filled return form soon: GSTN CEO

GSTN, which handles the IT backbone for GST has already started providing tax liability data based on sales return GSTR-1 of the taxpayer to be used in his tax payment form GSTR-3B in pdf form

We may go terribly right or wrong, says 15th FC chairman N K Singh

Singh told Arup Roychoudhury and Indivjal Dhasmana that the Commission could recommend spending 2.5 per cent of GDP on health in the light of the Covid-19

GST reduction on two-wheelers to act as 'tailwind' for industry: HMSI

"It will definitely help and act as a tailwind for the industry against what we are seeing today, the headwinds from multiple sides," Guleria noted

Entries invited for contest on showcasing GST reforms on video, graphics

Top prize of Rs 1 lakh, four runners-up to get Rs 50,000 each; GSTN releases a series of themes on which the entries could be based

Fan manufacturers want GST for sector to be lowered to 5% from 18%

Indian fan manufacturers on Thursday sought lower GST rate at 5 per cent on fans, saying the existing 18 per cent tax is "adversely" impacting the industry

No easing GST rate, automakers should cut royalty payments: FinMin sources

They say companies should cut royalty payments to parents abroad instead of asking GST cut to tide over Covid crisis

Himachal Pradesh's GST share of Rs 1,628 cr for Apr-Jul pending with Centre

Himachal Pradesh's Goods and Services Tax (GST) share of Rs 1,628 crore is pending with the central government, Chief Minister Jai Ram Thakur said on Thursday

AAR says GST be imposed on wellness centres depending on services offered

Case, relates to applicant Oswal Industries; authority observes that three types of rooms are offered by the applicant and therapy is strictly on residential basis

GST compensation options: 13 states opt for offer, 6 to decide soon

The Centre had last month offered two options to states to compensate them under GST regime

Popular leaders and patchy economic legacies: Can Modi buck the trend?

The last three PMs who served full terms started out in their early 70s. Mr Modi is younger and fitter. Now he needs to find it in him to change course if he is to beat economic odds, writes T N Ninan

Rift over GST compensation sets stage for showdown between Centre, states

The GST law requires the federal government to compensate states for five years through March 2022 for any revenue loss on account of the new tax