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Monday, August 10, 2020



FM Sitharaman: AG view on GST compensation sought after talk with states, Council to discuss opinion

August 02, 2020 12:07 am

The GST Council, chaired by the Union Finance Minister and comprising state counterparts, had in March decided to seek views from the AG, on the legality of market borrowing by the Council to make good the shortfall in the compensation fund.

Consumption, imports slump: GST collections fall 14.4% to Rs 87,422 crore in July

August 02, 2020 12:13 am

Of the total Rs 87,422 crore collected in July, Central GST is Rs 16,147crore, State GST is Rs 21,418 crore, Integrated GST is Rs 42,592 crore (including Rs 20,324 crore collected on import of goods) and cess Rs 7,265 crore.

GST compensation: Some state FMs object to market borrowing proposal, suggest steps to shore up revenue

August 01, 2020 12:44 am

Punjab Finance Minister Manpreet Singh Badal in a letter to Union Finance Minister Nirmala Sitharaman Friday stated that Centre had provided “innumerable assurances” in the run-up to GST for “assured and unhindered compensation”.

GST e-invoicing for businesses with Rs 500-crore turnover from October 1

July 23, 2020 5:15 pm

CBIC Principal Commissioner (GST) Yogendra Garg said the existing Goods and Services Tax (GST) return filing system would be improved further by incorporating the features proposed in the new system.

‘1,377 of 7,516 exporters untraceable, claimed GST refunds worth Rs 1,875 crore'

July 18, 2020 12:32 am

The list includes seven star exporters and for 2,830 exporters, IGST refund /drawback worth Rs 1,363 crore is suspended, a Finance Ministry official said.

Hyderabad-based company held guilty of GST profiteering on movie tickets

July 11, 2020 1:23 am

The Directorate General of Anti Profiteering investigated the case and based on its report, the NAA ruled that the company had raised the base price of the tickets.

Down 41% in April-June: GST mop-up takes a lockdown hit

July 02, 2020 12:40 am

In April, which reflects GST revenues for sales in March, the GST revenue declined 71.6 per cent to Rs 32,294 crore.

Explained Ideas: How GST can be tweaked to prevent states slipping into a serious financial crisis

July 01, 2020 11:23 am

As we head into 2020-21, the toughest challenge for the GST Council would be to devise ways to compensate the states, says Sushil Kumar Modi.

As GST enters fourth year, biggest challenge would be to devise ways to compensate the states

July 01, 2020 9:22 am

As GST enters its fourth year, Covid has hit collections. It is time to take measures to prevent the states from slipping into a serious financial crisis. These measures will not only define the future of GST but also the course of the unique cooperative federalism that it has ushered in the country.

Reduce the tax burden, revive consumption

June 24, 2020 12:59 pm

Higher tax rates lead to lesser tax collections. The state needs to be the catalyst in triggering consumer demand, and taxation is an important policy parameter to shape the economy that we will have.


The Agrarian Unrest Part 1: This could be the Narendra Modi government’s biggest problem

June 22, 2020 6:09 pm

Thousands of farmers from across the country have taken to the streets. ‘Dilli chalo’ is their slogan. What do they want? And is agrarian distress this government’s biggest problem? Harish Damodaran explains.

Why a leader is aligning with someone is more important that who aligns with who; Mamata Banerjee has a major role: Amit Mitra, Bengal Finance Minister

June 22, 2020 6:10 pm

Bengal FM Amit Mitra talks about demonetisation, the problems with GST, failing Centre-state relations, the need for protecting and building institutions such as the RBI and CBI, investments in the state, and what the BJP “doesn’t get about Bengal".

How demonetisation and GST hit MSMEs: News in Numbers

June 22, 2020 6:11 pm

Two years on, we look at how demonetisation (and GST) had an adverse impact on micro, small and medium enterprises or MSMEs. Here are some of the concerns that MSMEs are dealing with.

Opinion | Is GST Good For India?

June 22, 2020 7:02 pm