Friday, Dec 02, 2022

GST rates


Adhir for dialogue to break House gridlock, says Speaker must call meeting of all parties

July 25, 2022 7:57 am

While the Opposition has been demanding an immediate discussion on price rise and the hike in GST rates of essential commodities, the government has maintained that it is ready for a discussion, but it can be held only after Finance Minister Nirmala Sitharaman recovers from Covid.

GST search ops: No coercive action; dues payment at any stage

May 27, 2022 3:03 am

In an instruction, it also asked chief commissioners to take "strict disciplinary action" against officers for using force or coercion for getting the tax due amount deposited during search or inspection or investigation.

As Indian economy grows, Centre and states must work together

May 31, 2022 11:35 am

Arun Chawla writes: It is undeniable that cooperation is key to the smooth functioning of federal design. However, if it is coupled with positive competition among the states, then the overall result would be large-scale economic development across the country.

SBI report cautions against hike in GST rates; cites methodological biases in inflation calculation

December 14, 2019 5:18 am

The report further said there could be methodological biases in CPI estimation by the CSO and this is creating uncertainties in markets and policy decisions.

Government not to extend deadline for selling pre-GST packaged goods

March 15, 2018 7:33 pm

After Goods and Services Tax (GST) became effective from July 1, companies were asked to use stickers on unsold packaged commodities to display new maximum retail price (MRP) till September, which was later extended twice till March.

Tax revenues need to stabilise before merger of GST rates: Sushil Modi

December 08, 2017 3:34 pm

He acknowledged that most of the problems are being faced now by the micro, small and medium enterprises (MSME) and the textiles sector as they were exempted from paying taxes in the past under the value-added tax (VAT) regime.

Sweet shops down shutters as part of day-long strike to protest 5 per cent GST

August 22, 2017 7:53 am

According to sweet sellers, the sweets industry registers over Rs 1,000 crore turnover annually, and has about 10 lakh employees.  In one day’s strike, the industry would incur a loss of Rs 10 lakh, they said. According to Ghosh, sweet sellers also plan to intensify their protest and sit for a relay hunger strike from August 24 to September 26.

GST rates won’t be revised unless an anomaly: CBEC

July 20, 2017 6:29 am

“The issue is that (some segments of the) textile sector are taxed for the first time, so anybody who comes into the net would feel the pinch,” Sarna said at a CII event here

GST rollout: Complete ready reckoner on tax slabs coming into effect from July 1

June 30, 2017 1:32 pm

Within the umbrella of GST, the GST levied by the Centre on intra-state supply of goods and/or services will be called Central GST (CGST), and that levied by states/UTs, State GST (SGST/UTGST).

Meaning: Anti-profiteering

June 23, 2017 1:22 am

Sec 171 also states that the central government would set up an five-member authority to check whether input tax credits availed by a “registered person”, or reduction in tax rate, have been proportionally passed to the customers of those goods or services.