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What Budget 2020 can do to boost consumer spending

January 21, 2020 12:36 pm

Budget 2020 is keenly awaited at a time when consumer spending is low and retail inflation is increasing. Here's what it can do to boost consumer spending.

GST ministerial panel on gold holds meeting, raises concerns on evasion

January 19, 2020 1:58 am

“Discussions were held on what would be the formula to restore it. Those would continue in the next meeting. Law department would also explain the legal position of the fund settlement,” a state finance minister said.

Explained: Voting at the GST Council

January 09, 2020 8:47 am

The tradition of deciding by consensus has been broken, and the Council could now see voting on other issues as well. What are the rules of voting, and can the Centre’s view be defeated by states?

gst filing, goods and services tax, finance ministry, last date for gst filing

States stare at over Rs 1 lakh cr revenue gap post withdrawal of GST compensation

January 05, 2020 3:40 pm

Given the ongoing shortfall in GST collection and uncertainty associated with revenue on account of SGST collection, many states have approached the 15th Finance Commission for possible extension of the GST compensation period by another three years, i.e. up to 2024-25.

At GST officers’ meet, new return system, fraud detection on agenda

January 03, 2020 1:13 am

In the first meeting in November, presentations were made on different issues such as refund disbursement by a single authority, new return system and e-invoicing.

GST mop-up tops Rs 1 lakh crore, second month in row

At Rs 84,000 crore, Maharashtra's GST collection 10% below target

January 02, 2020 12:09 pm

Govt looks at land monetisation, other measures to shore up revenue

GST mop-up tops Rs 1 lakh crore, second month in row

January 02, 2020 10:36 am

A rise for the second month in a row in GST collections indicates improvement in revenue growth and a higher compliance due to enforcement of more anti-evasion measures and a cap on input tax credit.

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.

GST revenue collection rises to Rs 1.03 lakh crore in December

January 01, 2020 9:51 pm

Of the gross Rs 1,03,184 crore last month, CGST is Rs 19,962 crore, SGST is Rs 26,792 crore, IGST is Rs 48,099 crore (including Rs 21,295 crore collected on imports) and Cess is Rs 8,331 crore (including Rs 847 crore collected on imports), an official statement said.

Niti Aayog member bats for two GST slabs, says rates should not be revised frequently

December 25, 2019 4:53 pm

Currently, there are four GST rate slabs -- 5 per cent, 12, per cent, 18 per cent and 28 per cent. Several items fall in exempt category or nil duty. Besides, cess is also levied on five goods.

GST VIDEOS

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

November 29, 2018 11:22 am

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

November 26, 2018 6:37 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".