Page 29 - Gst

IBA demands recast of loan accounts of small firms amid Covid-19 crisis

The RBI had permitted a one-time restructuring of existing loans to GST-registered MSME units

GST rates and the medical devices industry

Let us use the GST rate regime to build up a strong domestic industry in sectors like pharmaceuticals and medical devices that can play to our strengths in labour-intensive production

Will more foreign financing be needed?

It is important to remove the frictions, to connect the infinite capital of the global financial system with end-users in India

Move petroleum to GST: The time is now

The health crisis is a moment of reckoning and an opportune time to revisit GST policy-design

Covid-19: Govt unlikely to exempt GST on masks, ventilators, and PPEs

GST exemption on such items would jeopardise the interest of the industry and would not result in any significant gains to consumer

Govt likely to face shortfall of Rs 10 trn due to coronavirus: Subhash Garg

Elaborating on the fiscal situation, the former finance secretary said that indirect taxes, GST, excise duty on petroleum products and customs will under-perform

Businesses can claim GST refund for services, goods contract cancellations

The CBIC issued a set of clarifications in view of certain challenges being faced by taxpayers in adhering to the compliance requirements following the coronavirus outbreak

The long shadow of FY20 on Centre's finances can not be missed by anybody

There may be no official word yet on how the Centre's tax revenue assumptions for the current year have gone awry

Beyond virus: Setting course for a V-shaped recovery with right decisions

It's time for thoughtful decisions through 2020 and 2021, where the desired outcome is one where private investment in 2025 is superior to the value seen in 2011 in real terms

GSTN provides work from home access to more than 1,700 tax officers

This has provided officers a secured access to work on various GST applications such as processing of registration application, refund application, audit, assessment, appeal etc

Covid-19: Govt extends e-way bill validity, defers restricted ITC under GST

The validity of e-way bills that were set to expire between March 20 and April 15, has been extended till April 30

What will happen to Laddu Mahto?

Craftspeople have received a huge blow during this ongoing lockdown

Six changes in tax rules that come into effect today

Today is first day of the financial year 2020-21, and with new year come new tax rules. Here are the six changes that come into effect from today

New tax rules: Here're the changes that come into effect from today

Those who buy mobile handsets have to shell out more as goods and services tax rates on them have been hiked.

Covid-19 relief: Aadhaar-PAN linking deadline extended to Jun 30, says FM

Last date for filing March, April and May 2020 GST returns extended to June 30, 2020

Mix of needed and negatives

The most notable was to charge interest for delay in payment of GST on net cash tax liability, with effect from July 1, 2017

GST on mobile phones hiked to 18% from 12%, some relief on delayed payment

GST on MRO services on aircraft down from 18% to 5% with full input tax credit, due date for FY19 annual return extended to June 30

GST on mobile phones hiked to 18% from 12%, some relief on delayed payment

GST on MRO services on aircraft down from 18% to 5% with full input tax credit, due date for FY19 annual return extended to June 30

Don't hike GST rates amid tough times, says West Bengal FM Amit Mitra

He said the proposed hike, aimed to correct the inverted duty structure, must be deferred as markets in India were facing a double whammy of stagflation and coronavirus

WTO-compliant remission of tax scheme for exporters gets canbinet nod

Under the scheme, an inter-ministerial committee will determine the rates and items on which the reimbursement of taxes and duties would be provided.