- 06 Jul 2022 11:32 AM
- New
Restaurants must show more market sensitivity
Source: https://www.livemint.com/opinion/restaurants-must-show-more-market-sensitivity-11657039754130.html
Bills loaded with a service charge might be fine if these are a matter of mutual consent, but they neglect the need of customers to estimate what they’ll be asked to pay. Dump the practice
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- 06 Jul 2022 11:41 AM
- New
A disruption that India’s legal profession sorely needs
I have often used this column to argue for using technology to make the legal profession more accessible and less mysterious. I have been so ardent about the need for reform, that some of my brethren have taken me aside and asked me what the heck I’m thinking.
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- 06 Jul 2022 11:47 AM
- New
‘GST will not impact healthcare’
Source: https://www.livemint.com/economy/gst-will-not-impact-healthcare-11657047999704.html
NEW DELHI : There is no reason for the government to reconsider the 5% goods and service tax imposed on non-ICU hospital rooms charged at over ₹5,000 a day as it will impact only a “minuscule" segment of taxpayers rather than affordable healthcare, revenue secretary Tarun Bajaj said on Monday.
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- 06 Jul 2022 04:41 PM
Govt notifies procedural changes in GST rules
The government has notified certain procedural changes in the GST rules, including those related to threshold, for filing annual returns for the 2021-22 fiscal, a move that will help ease the compliance burden on small players.
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- 06 Jul 2022 06:16 PM
Govt notifies GST Council decisions to ease compliance burden on small businesses
NEW DELHI: The Union government has notified decisions taken by Goods and Services Tax (GST) Council in the meeting last week including granting exemption to taxpayers with aggregate turnover of up to ₹2 crore in 2021-22 from filing annual returns for that year. The move is likely to help small businesses by easing their compliance burden.
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- 05 Jul 2022 04:07 PM
Govt could look at two rate GST structure while retaining highest 28% slab: Revenue Secretary
Government is for reducing the number of tax slabs in the GST regime but would want to continue with the top GST slab of 28 per cent for luxury and sin goods while looking to narrow down rates between 5-18 per cent slabs to two to begin with before making GST a single mean rate tax system, Revenue Secretary Tarun Bajaj said on Monday.
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- 05 Jul 2022 04:16 PM
Highest GST to continue on luxury, sin goods
Source: https://www.livemint.com/news/india/highest-gst-to-continue-on-luxury-sin-goods-11656950141793.html
The government aims to maintain the top Goods and Services Tax (GST) slab of 28% for luxury and sin products, but is open to discussing combining the three slabs of 5%, 12% and 18% into one, according to Revenue Secretary Tarun Bajaj.
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- 05 Jul 2022 04:31 PM
Hospitals in a fix over GST on room rent
Source: https://www.livemint.com/economy/hospitals-in-a-fix-over-gst-on-room-rent-11656954280832.html
The goods and services tax (GST) council’s decision to impose a 5% tax on hospital room rents that are over ₹5,000 a day has left hospitals in a fix over how to implement it because most offer treatment packages that already include room rent.
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- 05 Jul 2022 04:40 PM
FICCI bats for bringing healthcare under zero-rating GST
“Enabling this would not only ensure that the input tax credit chain is intact but will also make compliances easier and ensure that the input taxes are not loaded into the cost of healthcare services,” the FICCI letter said. FICCI also red-flagged the recent recommendation of the GST council to levy 12% GST on bio-medical waste treatment plants, and 5% GST on Room rent (exceeding Rs.5000 per day).
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- 05 Jul 2022 05:52 PM
'Don't know if India prepared for single GST rate': Revenue Secy
Revenue Secretary Tarun Bajaj on Tuesday said that he is not sure if the country is ready for a single Goods and Services Tax rate and suggested that it would be better if India can first move the 5%, 12%, and 18% GST rates into two slabs.
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