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Wednesday, July 08, 2020

Goods and Services Tax

GOODS AND SERVICES TAX NEWS

States demand Vice-Chairman post in GST Council, won’t budge on compensation

July 03, 2020 12:50 am

States are guaranteed compensation for any revenue shortfall from the base year of 2015-16 at an annualised growth rate of 14 per cent.

Calamity cess on GST: plan on Govt table to tide over Covid crisis

May 23, 2020 12:32 pm

Sources said that a proposal to raise additional revenue from GST, excluding goods and services in the five per cent slab, is with the Finance Ministry.

GST mop-up slips below Rs 1 lakh crore after 4 months: March collection at Rs 97,597 crore

April 02, 2020 12:04 am

A drop of 7.8 per cent in returns filing over last month, 4 per cent fall over last year in domestic revenue, and a sharp 23 per cent contraction in revenue from imports led to the fall, with the Centre missing its RE for 2019-20 by Rs 22,204 crore at Rs 5.90 lakh crore.

GST officers meet: SOP to be framed to physically verify risky taxpayers

March 07, 2020 4:38 am

GST officers, who met for the third national conference on Friday, will also frame standard operating procedure (SOP) for physical spot verification of risky taxpayers and for blocking and unblocking of ITC, an official statement said.

Madras HC stays GST notice against AR Rahman till March 4

February 13, 2020 12:20 pm

AR Rahman's contention was that a composer of a musical work becomes the absolute owner of the copyright for their work under the Copyrights Act and subsequent transfer of such rights to producers of movies are exempted from tax.

GST annual return: SC stays extension of filing date on Centre’s petition

February 12, 2020 3:29 am

However, the apex court Bench led by Justice RF Nariman directed the HC to decide the issue on the basis of facts without getting influenced by its ad-hoc order.

Rajkot: GST inspector, peon arrested for accepting Rs 75,000 bribe

February 07, 2020 8:19 pm

Based on a complaint filed by a dealer of a known snack brand of Gujarat, ACB registered a case against inspectors Rajeev Kumar Yadav, Gaurav Arora, and peon Ravi Joshi. Yadav and Joshi were arrested while Arora is on the run.

‘GST overhaul’: Amit Mitra calls for meet of state FMs

January 30, 2020 4:43 am

In a statement, Trinamool Congress said the faulty design of GST “is one of the reasons for the economic slowdown”.

The stress in state finances

January 28, 2020 9:51 am

Lower tax devolution, delays in GST compensation are potential risks

65.65 lakh returns for Dec filed till Jan 20: GST Network

January 22, 2020 5:07 am

“There have been few issues about one-time passwords (OTPs) being received with some time lag on account of delay by the email service provider or local internet issues.

GOODS AND SERVICES TAX VIDEOS

Budget Session: Naidu says ready to discuss all issues

February 22, 2016 2:50 pm

New Delhi, Feb 22 (ANI): Briefing the media after the all-party meet, Union Minister for Parliamentary Affairs M. Venkaiah Naidu on Monday said today's meeting helped to build consensus to make parliament function smoothly. He added that some people wanted to discuss governor's issue, agriculture crisis, Jat reservation whereas some people suggested the Goods and Services Tax (GST) to be the top priority. He cleared the air by saying that they are ready to discuss all the burning issues.