Page 34 - Gst

Statsguru: Despite GST dues payment, worries far from over on revenue front

IGST collection on imports shows a disturbing trend with a fall for four consecutive months

Centre & states face off on cess

The Council decided to restrict ITC for unmatched invoices, improve tax collection, get more persons to file returns and rationalise some rates

No possibility of GST rate hike till revenue stabilises: Sushil Modi

He said the Council had decided to consider changes in the rates once a year, and not in each and every meeting

Re-think GST: No economy can afford to persist with a failed tax experiment

Let's pretend no more that the system isn't broken. The Centre needs to break heads in the GST Council and work out new slabs and rates (the fewer the better) and make a fresh start, writes T N Ninan

Business failures can't be deemed as crimes, will reform laws, says PM Modi

Speaking at an Assocham event, he said the recent cut in corporate tax has brought rates to all-time low for businesses

Don't over-react on GST

Govt must be restrained on collection targets

Business fears hit to cash flow from new GST input tax credit restriction

Gupta of ClearTax feels a further reduction in credit could have been considered later

Centre breached basic trust on which GST was designed: Kerala FM Isaac

'Raising taxes in times of recession will be counter-productive', said Issac

In a first, GST Council votes to tax lotteries at uniform rate of 28%

All the earlier decisions by the Council had been taken through consensus

Citizenship Act: Assam suspends intra-state e-way bill generation amid stir

In a notification, the Assam government said that several representations were received from different trade bodies and stakeholders to temporarily exempt them from generation of e-way bill.

Top headlines: Monthly GST target revised, PE/VC investment up 3X, and more

According to reports, the government has set a Rs 1.1 trn monthly GST mop-up target for the remaining four months of 2019-20 financial year

Retail loans set to double to Rs 96 trn in next 5 yrs: ICICI-CRISIL report

Apart from this, the regulatory and legislative measures taken by the government in the past few years have propelled growth in low-cost housing loans

GST council meet on Wed, set to focus on falling collections, rate hike

With the revenue shortfall looming large, there have been suggestions for raising GST rate and cess to meet the gap

Centre releases over Rs 35,000 crore relief to states ahead of GST meet

The payment was pending since August, drawing protests from states, particularly non-BJP ruled ones

Centre releases over Rs 35,000 crore as pending GST compensation to states

Move comes ahead of GST Council meeting

Impact of GST will take time, results will not be visible overnight: Debroy

The GST collections came in at Rs 95,380 crore in October, down 5.29 per cent from Rs 1,00,710 crore in the same month last year, as per government data

Post GST, FMCG firms top in consumer complaints for over-charging customers

As per official data, as many as 42 consumer complaints were registered against various FMCG companies with many of them found to be not passing the benefits of lower tax rates

Budget 2020: Venture Capitals, startups seek budgetary aid in meet with FM

The Nasscom has also sought that IT and BPO firms should not be treated as financial intermediaries for the goods and services tax (GST).

Under fire, Centre releases Rs 35,298 crore GST compensation to states

The GST Council, the highest decision making body of the indirect tax regime, is slated to hold its meeting on December 18

Centre will not renege on promise of GST compensations, FM assures states

The delays to pass on the money are due to a slip in collections and the states have nothing to be embarrassed about, she said