Goods and Services Tax

No immediate resolution over GST on lottery

The lottery industry has been pressing for a uniform GST rate of 12 per cent and removal of tax on the prize money.

published on : 6th September 2019

Centre may tweak GST structure for startups, refunds to get easier

Many start-ups had flagged their concerns over getting refunds on tax deducted at source.

published on : 17th August 2019

Northeastern states witness over 30 per cent growth in April-July GST collection

Growth in Goods and Services Tax (GST) collection recorded by most of the seven sister states is over three times the national average of 9 per cent.

published on : 15th August 2019

After auto sector, now slow down now grips consumer durables

The PMO had recently asked the revenue department how it will meet the shortfall this year.

published on : 12th August 2019

Inverted duty on EVs to hamper growth, needs correction 

Despite getting relief on the Goods and Services Tax (GST) front, electric vehicle (EV) makers feel an inverted duty structure could impede growth.

published on : 9th August 2019

GST collection for July stands at Rs 1,02,083 crore

While the revenue collection has registered a growth of 5.80 per cent over the same month last year, the collection is below the average monthly target set by the government, of Rs 1.10 lakh crore.

published on : 2nd August 2019

15-digit GST a frequent error maker in applications

Sometimes it is difficult to differentiate 0 (zero) and O (Alphabet O). Similarly, 1 (one) and I (Alphabet I) in Goods and Services Taxpayer Identification Number (GSTIN).

published on : 22nd July 2019

Gross tax to GDP ratio declined to 10.9 per cent in FY19: Economic Survey

In 2018-19, direct taxes grew by 13.4 per cent owing to improved performance of corporate tax.

published on : 4th July 2019

In Karnataka, even the dead paid GST

Incidentally, Monday marked two years since the GST system was introduced with the announcement that Karnataka remains one of the leading states for GST compliance.  

published on : 2nd July 2019

Taking stock after two years of GST

Initial glitches gave the well-implemented GST a bad name but the GST Council acted responsibly and made course corrections.

published on : 2nd July 2019

Jaitley reiterates stand on GST, says it restructured one of the world's clumsiest indirect tax systems

The fear of the states today is that for the first five years they get a guaranteed 14 per cent increase, he said.

published on : 1st July 2019

Two years of GST: Tax evasion, slow refund process still a concern

As Centre gears up to reform the tax system, industry demands an apex authority for GST cases, tackling of issues in simplification of returns filing.

published on : 1st July 2019

Government to celebrate second anniversary of GST on July 1

The event, to be held in Ambedkar Bhawan, here, will be attended by senior officers of the central and state tax authorities.

published on : 28th June 2019

FICCI urges Finance Ministry to re-look into GST regime for consulting and service sector

At present, the consulting and service community which provides service to the government and private sector is being coerced into the payment of GST on behalf of the employer.

published on : 28th June 2019
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