Latest Articles in gst council
FM Sitharaman Directs CBIC To Address Citizens' Queries Related To GST
GST Council consists not only the central government but also the state ministers as well. Every time there is an increase or reduction in GST on any goods or services, the state chief ministers will have to be necessarily on board
Read More
GST Compensation To States Delayed Due To Low Realisation Of Cess: FM
At the time of the introduction of GST, it was agreed that the Centre would compensate states for shortfall in GST collections as per a defined formula.
Read More
GST: Budget Expectations 2020
Looking at the decreasing GST collection and widening fiscal deficit, the government is brainstorming to find ways to meet the expected GST collections and thereby inclusion of a few more goods and services in the ambit of GST seems to be inevitable. Aviation fuel and stamp duties could be next on the government calendar up for inclusion.
Read More
Infrastructure Status Required
Developing tourism infrastructure and lowering the tax slab in the mid-market segment is the need of the hour to boost the hospitality sector.
Read More
Cut In Corporate Tax Is A Liability For Individuals
Government is likely to revisit the exemption list, increase the rate of taxes and also explore the possibility of whether cess can be levied on some services to make up their revenue deficit.
Read More
Anti-profiteering Whip To The Real Estate Sector
While various industry sectors have come in the purview of anti-profiteering investigations, the real estate sector seems to be one of the most hard-hit sectors on this front.
Read More
GST December Collections Jump By 16% Year-on-year To Rs 1.03 Lakh Crore
The IGST collected from imports, the total revenue during December 2019, increased by 9 per cent in comparison to the revenue during December 2018.
Read More
GST Council To Set Up Grievance Redressal Mechanism For Taxpayers
It has decided that a structured grievance redressal mechanism should be established for the taxpayers under GST to tackle grievances on GST-related issues of specific and general nature.
Read More
The Economy Needs A Plumber And A Visionary
India’s economy is firmly in the grips of a slowdown, with several macro and micro headwinds tangling and sharpening the slowdown further. This sounds extreme but here are some anecdotal evidence.
Read More
Nirmala Sitharaman To Chair 38th GST Council Meeting Today
A review of the tax rates and slabs under GST is expected to be announced in the meeting scheduled for this afternoon. The last GST Council meeting was held on September 20 in Goa.
Read More
GST Annual Returns Could Keep Tax Officer At A Bay
Businesses with less than Rs 5 crore annual turnover, comprises of over 90% of taxpayers and any waive of annual return for them would ease the compliance for millions.
Read More
Sensex Jumps 1,075 Points; Nifty Reclaims 11,600 Mark
After soaring over 1,426 points during the day, the 30-share index ended 1,075.41 points or 2.8 per cent higher at 39,090.03.
Read MoreMenace Of Post-Sales Discount
In this article, we shall analyze how the dealers have been forced to re-look and re-define completely their promotional strategy in relation to post-sale discounts.
Read More
GST On Electric Vehicles And Chargers Reduced From 12% To 5% - What Is The Industry Saying
This Reduction on Tax is a part of the Government’s Electrification Strategy with an aim to reduced dependence on fossil fuels for mobility.
Read More
Goods And Services Tax: Journey So Far And Road Ahead
The entire eco-system of compliances under GST needs to be simplified and made user-friendly especially for small and medium sector enterprises.
Read More