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Friday, April 03, 2020

GST

GST NEWS

GST effect: Redmi Note 9 Pro, Redmi K20 Pro, iPhone 11, Galaxy S20 and more phones get expensive in India

April 01, 2020 7:51 pm

GST effect: Poco X2, Xiaomi phones, Apple iPhone 11 series, Samsung Galaxy S20 series, and more phones get expensive in India due to GST revision. Check out the new prices,

Coronavirus: Deadline for filing ITR for FY19 extended to June 30, says FM Nirmala Sitharaman

March 24, 2020 4:23 pm

Income Tax Return (ITR) Filing Last Date for AY 2018-19: <For delayed payments, the interest rate has also been cut to 9 per cent from 12 per cent, she added.

Smartphones may get more expensive thanks to increased GST

March 15, 2020 8:55 am

The Goods and Services Tax (GST) Council increases rate of tax on mobile phones from 12 per cent to 18 per cent. Here's how this will effect the industry.

Past cess surplus to halve states’ GST deficit in FY20

February 22, 2020 6:34 am

The guaranteed level of SGST revenue in the current fiscal is Rs 6.70 lakh crore. The Centre’s Budgeted GST revenue (CGST, compensation cess), according to the revised estimate, is Rs 6.12 lakh crore, as against the original estimate (BE) of Rs 6.63 lakh crore.

Centre to release another Rs 35,000 crore compensation to states for GST revenue loss

February 09, 2020 1:28 pm

Under the Goods and Services Tax (GST) law, states are guaranteed compensation for revenue loss for 5 years if their revenue does not increase 14 per cent on the base year of 2015-16.

Government plans GST lottery offers of up to Rs 1 crore to encourage customers to ask for bills

February 04, 2020 3:57 pm

Central Board of Indirect Taxes and Customs (CBIC) member John Joseph said every bill under the goods and services tax (GST) regime will provide a chance to the customers to win a lottery and that would act as an incentive for them to pay the tax.

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?

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.

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".

How demonetisation and GST hit MSMEs: News in Numbers

November 08, 2018 8:52 am

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?

May 23, 2017 6:43 pm