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Monday, July 16, 2018

Gst

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States slip on fiscal targets on farm loan waivers, GST, says Reserve Bank of India

In FY18, farm loan waivers touched 0.32 per cent of the GDP as against budget estimates of 0.27 per cent, the RBI said, adding that more such moves are pending for the fiscals ahead.

GST Council to consider rate cut on items with low revenue impact

GST Council to consider rate cut on items with low revenue impact

The GST Council had, in its meeting in January 2018, decided to slash the GST rate on 54 services and 29 items.

Goods and services tax: Employers may be able to claim input tax credit on food, transport

As per the proposed amendments, employers will be able claim input tax credit on facilities like food, transport and insurance provided to employees under any law.

Petroleum products to be brought under GST in stages, says finance secretary

The finance ministry has expressed its intention to include natural gas and aviation turbine fuel within the purview of the goods and services tax soon.

CII officials to urge students to help MSMEs file GST returns

The revenue officials will soon visit colleges and universities in Kolkata to persuade students, especially those pursuing commerce, to help MSMEs in filing their GST returns and earn, the panelists said.

GST in progress

For boosting economic efficiency and investor confidence, it must move towards fewer rates, a simpler and stabler regime.

Mayawati slams Centre over GST, Swiss bank accounts

Mayawati asked what happened to the central government’s intention and their policies and “big promises” in the matter and how this increase in Swiss bank accounts happened.

Delhi Confidential: Waiting for signals

When JD(U)’s national executive — its highest decision making body — meets in Delhi on July 8, the BJP’s top leadership will be assessing messages coming out of the meeting.

GST

Gujarat elections played a role in GST changes, says state chief secretary

In the run-up to the polls, the GST Council shifted 178 items of daily use from the top 28 per cent tax bracket to 18 per cent.

GST has become bad word, no positive impact on growth, says Chidambaram

Chidambaram said the GST’s design, structure, rates and implementation were so flawed that it has become a “bad word” among business persons, traders, exporters and common citizens.

Bihar Sushil Modi GST

‘Petrol products under GST if revenue collections at Rs 1 lakh crore,’ says Sushil Modi

The minister said that the first year of (Goods and Services Tax) GST was very successful, as people had apprehensions of price rise after the launch of the new indirect tax regime, but that did not happen.

GST implementation anniversary: Politicians are often not in touch with problems, says Gujarat chief secretary

J N Singh Singh said that the GST Council had shown tremendous flexibility while implementing GST by bringing in lots of changes in the tax structure. “To some extent, Gujarat elections is also responsible (for this),” Singh said amid laughter from the audience

khariff crop, pm modi, msp, union cabinet, minimum support price, khariff season, indian express

PM Modi says Mercedes and milk cannot have same tax, rules out single slab under GST

“So, when our friends in Congress say that they will have just one GST rate, they are effectively saying they will tax food items and commodities, which are currently at zero or 5 per cent, at 18 per cent,” PM Modi said.

GST Day HIGHLIGHTS: No disruption in economy, says Piyush Goyal after Chidambaram slams Govt for ‘flawed’ implementation

GST Day HIGHLIGHTS: The Goods and Services Tax, which was rolled out in the intervening night of June 30 and July 1, was aimed at simplifying the tax system by bringing together a slew of indirect taxes under it.

GST will prove beneficial in the long term, some issues with rural players: Shrikant Paranjape

On the eve of the first anniversary of the introduction of the GST, The Indian Express speaks to Shrikant Paranjape, president, CREDAI Pune Metro, to understand the journey so far.