GST
GST News
CBIC makes DIN mandatory for probe-related communications
No search authorisation, summons, arrest memo, inspection notices can be issued without a computer- generated DIN, a CBIC circular said.
GST collections remain subdued at Rs 95,380 crore in October
This is the third consecutive month when GST mop-up remained below the Rs 1 lakh crore mark, despite October being a festive month.
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GST may have flaws, but it’s the law now: Finance Minister Nirmala Sitharaman
She also said that she is in touch with representatives of the automobile industry and is taking efforts to accommodate their demands.
GST authorities arrest 2 for fraudulently availing Rs 127 cr refund
The two individuals were found "involved in fake invoices racket having taxable value of Rs 931 crore and fraudulently passing/ availing Input Tax Credit (ITC) amounting to Rs 127 crore through a complex web chain of various entities".
MP, Punjab raise concerns over delay in release of GST revenue by Centre
Punjab’s Finance Minister Manpreet Singh Badal called for a fresh look at the GST structure, saying the current system was “badly designed”.
Security firm admits to evading tax worth Rs 6 crore: GST Intelligence
As per the initial estimates, GST evasion of about Rs. 6 crores has been detected, which the registrant has admitted to have evaded and promised to deposit in a few days.
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An unequal burden
Farmers are paying about Rs 15,000 crore GST annually, on which they cannot claim input tax credit.
NCR exporters, Kandla SEZ units involved in GST fraud: DGCI Ahmedabad
DGCI has identified more than 25 suppliers from states such as Assam, Bihar, Delhi, Haryana, Madhya Pradesh and Uttar Pradesh, who issued fake invoices of over Rs 1,000 crore, to the NCR-based exporters, without supply of goods, to facilitate refunds.
Eye on revenue
Rationalisation and simplification of GST may have to wait following the corporate tax cuts
Lower taxes likely to revive investment, but govt may find managing fiscal deficit tougher
When asked about the impact of the measures on the fiscal deficit, Finance Minister Nirmala Sitharaman said the government is conscious of the impact and expects the economic buoyancy resulting from these changes to generate significant resources.
GST Videos
The Agrarian Unrest Part 1: This could be the Narendra Modi government’s biggest problem
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
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".
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How demonetisation and GST hit MSMEs: News in Numbers
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.
Yashwant Sinha Again Slams Pm Modi’s Govt., Says ‘Gst Was Implemented In A Hurry’
Criticizing the Prime Minister Narendra Modi led National Democratic Alliance (NDA) government at the Centre again, senior Bharatiya Janata Party (BJP) leader Yashwant Sinha on Thursday described the implantation of the GST from July 1 as the second major blow to the Indian economy after demonetization.He also said that the BJP can no longer blame […]
Opinion | Why the Opp's boycott of the midnight GST session is mealy mouthed?
On the eve of the midnight meeting to mark the rollout of the Goods and Services Tax (GST), the Congress on Thursday announced its decision to boycott the event, calling it a “publicity gimmick” and “tamasha”. While the Trinamool Congress was the first to announce its boycott earlier this week, other Opposition parties like the […]
GST Rollout Traders In Ghaziabad Shut Shop, Halt Train in Kanpur in Protest
With the government set to roll out Goods and Services Tax (GST) from June 30 midnight, traders in Uttar Pradesh are opposing the implementation of GST. In Ghaziabad, traders will not operate on Saturday to press for amendments to certain provisions of the GST before the scheduled implementation of the new tax regime tomorrow. The […]
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Congress Decides To Skip Midnight GST Launch In Parliament
With Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee announcing that her party would boycott the June 30 midnight Parliament event to roll out the Goods and Services Tax (GST), Congress has also decided not to attend the Goods and Services Tax (GST) midnight session. The decision came after Congress President met former Prime […]
GST Set For June 30 Midnight Launch At Special Parliament Session
Asked about industry bodies, small and medium enterprises, not being prepared for the switch over to GST, Jaitley said the date of rollout has been announced well in advance and so “nobody had any business not to be ready”. Besides, additional time has been given in the initial period for filing of the results, thus […]
Opinion | Is GST Good For India?
The GST Council, in its 14th round of deliberations in Srinagar over two days, focused on the approval of the GST rules, the fitment of over 1,200 commodities into the five pre-announced tax slabs and the tax rates on services. The Council decided to tax services under four slabs of 5 per cent, 12 per […]
Goods and Services Tax Network Rejects CAG's Request To Appoint Auditor
GSTN or Goods and Services Tax Network, a private limited company set up in 2013 for providing IT infrastructure to all stakeholders for the implementation of the Goods and Services Tax, has rejected a request from CAG to appoint an auditor as well as to conduct a supplementary audit as is being done, at present, […]
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