gst council - Latest News, Analysis, Opinion

Companies & Markets Sector Reports Hospitality

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.

Infrastructure Status Required

Ankur Bhatia

Developing tourism infrastructure and lowering the tax slab in the mid-market segment is the need of the hour to boost the hospitality sector.

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.

Anti-profiteering Whip To The Real Estate Sector

Harsh Shah .

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.

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.

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.

The Economy Needs A Plumber And A Visionary

Dr. Vikas Singh

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.

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.

GST Annual Returns Could Keep Tax Officer At A Bay

Banking & Finance Banking

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.

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.

Menace Of Post-Sales Discount