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Sunday, August 01, 2021

Goods and Service Tax (GST)

GOODS AND SERVICE TAX (GST) NEWS

GST cut: Reduce prices, NPPA asks pharma cos

June 17, 2021 12:28 am

In a notification, the National Pharmaceutical Pricing Authority (NPPA) noted that a change in tax rates has an impact on the fixation of maximum retail prices (MRP) of various drugs and formulations.

The dangers of arguing for special treatment of states with higher contribution to GST pool

June 11, 2021 8:25 am

Sushil Kumar Modi writes: It would set a bad precedent and open the floodgates to the undoing of the force that binds India.

Gujarat Dy CM: Fuel under GST if Centre ensures VAT income of state remains untouched

March 31, 2021 10:52 am

Deputy Chief Minister Nitin Patel said that if the income under VAT is included in GST, then Centre will become a 50 per cent partner and it will take away the state's profits for no reason.

Karnataka: CBI lays trap to arrest GST officer in alleged bribery case

March 31, 2021 8:02 am

According to CBI sources, the accused has been identified as Jitendra K Dagur, who was working as the GST superintendent in Honnavar Range of Uttara Kannada (Karwar).

Pune: Tax professionals, traders hold protest; want GST simplified

January 31, 2021 11:20 pm

Tax professionals, traders, CAs and other stakeholders from across the country came together to protest.

Ajay Bhushan Pandey: ‘Earlier, people could exploit information asymmetry for evasion, now it’s not possible’

January 04, 2021 12:15 am

Declaring different turnover in Customs, in GST, and in income tax is now not possible, which is sending a right signal, Pandey said.

QRMP scheme for GST payers with turnover up to Rs 5 crore

December 07, 2020 1:55 am

Taxpayers who have aggregate annual turnover of up to Rs 5 crore in the preceding financial year and have filed their October GSTR-3B (sales) return by November 30, 2020 are eligible for this scheme.

GST revenue shortfall: Kerala CM urges PM to raise borrowing limit

November 19, 2020 2:16 am

Kerala Chief Minister Pinarayi Vijayan, in his letter dated November 11, said states are justified in this request.

Tamil Nadu gets nod to borrow extra; total 21 states pick option 1

October 15, 2020 12:28 am

With Tamil Nadu joining the states that have opted to borrow for bridging the GST compensation deficit, 21 states have been allowed to borrow 0.5% of the GSDP, totalling to Rs 78,542 crore.

For the future of Centre-state relations, Centre should borrow to fund states' GST loss

October 12, 2020 9:09 am

So far deliberations in the council have been carried out in the spirit of camaraderie. But pressuring states on the basis of political strength will have adverse consequences for the country’s federal structure.