Page 35 - Gst

Centre will honour GST compensation payment to states, says FM Sitharaman

This monthly compensation was to be paid within two months but states haven't received any such amount since August 2019

Rating alarm

India needs policy intervention at multiple levels

Jewellery demand rises ahead of expected GST hike as gold prices moderate

India's jewellery demand has remained subdued this year because of the sharp increase in gold prices

Soon, govt may introduce lottery system to incentivise GST filing

On the lines of the Delhi government's scheme for consumers under the VAT regime, the Centre's lottery system will aim to increase compliance

Higher GST rate on mobiles, fabrics likely to boost revenue collection

The GST rate on mobile phones is 12%, whereas that on phone parts and batteries is 18%

Key decisions likely to be taken at the GST Council meeting on Friday

The Council may reset the GST rates on automobiles, hotels, biscuits, matchsticks and outdoor catering services. Listen to the podcast to know more

Delhi HC issues notices to exporters over non-payment of IGST on imports

Under the GST regime, the exemption was not clearly mentioned till October 13, 2017. During the period, exporters were not allowed to clear their goods unless they pay IGST

States plan political battle over delayed allocation of GST compensation

States are planning to pass resolutions in their legislative assemblies; however, such tactics will be used as the last resort if the Centre continues to stall allocations

Fixing the GST

Fundamental improvements to the flawed structure needed

GST Stakeholder Feedback Diwas for new return filing system on Dec 8

These feedback sessions would be attended by all prominent chambers of commerce and industry and other organisations representing taxpayers and tax practitioners

Kerala threatens to take Centre to SC over delay in payment of GST dues

The issue could become a major one at the GST Council meeting on December 17-18 in New Delhi

FM Sitharaman assures states of releasing GST compensation dues soon

Sitharaman on Wednesday said the Centre was duty bound to safeguard the interest of states

GST mop-up crosses Rs 1 trn in Nov over festive demand, anti-evasion steps

Although the collection figures come as a breather for the government, it is lower than the expected collection rate needed to meet the steep target for FY20

GST collection up 6% in Nov, crosses Rs 1 trn after a gap of three months

The GST collection was Rs 95,380 crore in October while it was Rs 97,637 crore November 2018

Govt's ballooning GST dues to states akin to economic emergency: Congress

On November 20, finance ministers of Punjab, West Bengal, Kerala, Delhi and Rajasthan had appealed to the Centre to release their GST compensation without any delay.

Rising fiscal fears

A comprehensive review is needed

Enhanced public spending, lending rate cuts can prop up growth: Experts

At present, India's economy faces a severe demand slowdown on account of high GST rates, farm distress, stagnant wages and liquidity constraints

States' GST compensation may need to be extended beyond 2022: Report

Serious inconsistencies in data make revenue projection problematic

GST authorities unearth tax racket to the tune of Rs 140 cr, arrest one

CBIC in a release said that the Central GST Delhi North Commissionerate has unearthed a racket "involving supply of goods-less invoices and invoice-less goods".

Centre planning to come up with lottery scheme for GST paying customers

Once the consensus at officers level is reached then it will be put before GST Council meeting