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Tuesday, February 18, 2020

Goods and Services Tax

GOODS AND SERVICES TAX NEWS

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.

Gross domestic GST mop-up grows 16 per cent

January 02, 2020 4:29 am

Barring four states/Union Territories, rest 33 states/UTs have posted a double-digit growth in gross GST revenue collections from domestic sales, significant at a time when the overall slowdown has affected the tax revenue growth for both direct and indirect taxes.

Likely GST hike, post corporate tax cut, signals govt’s shift in stance

December 13, 2019 4:06 am

The stage appears to be set for flipping a fundamental tenet of taxation — that of a direct tax, despite being a progressive levy, being cut even as an indirect tax, a regressive levy, now appears all set to be hiked.

GST rationalisation, compliance feature at Centre, state officers’ meet

December 11, 2019 4:43 am

One of the states also proposed a dual GST rate structure—10 per cent and 20 per cent—and doing away with rest of the rate slabs, one of the officials said.

Five state ministers to FM Sitharaman: ‘Facing acute pressure on fiscal’ because of GST dues

November 21, 2019 3:41 am

In a joint statement, five states/UTs — Kerala, West Bengal, Delhi, Rajasthan, Punjab — said they are facing “acute pressure” on their fiscal situation due to the delayed payment from Centre.

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.