- 16 Jun 2022 05:28 PM
- New
GST rate rationalization panel to meet virtually on Friday
NEW DELHI : A ministerial committee on Goods and Services Tax (GST) rate rationalization led by Karnataka Chief minister Basavaraj Bommai will meet on Friday to examine various options for tax rate changes and revenue augmentation keeping in mind the current macroeconomic context.
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- 16 Jun 2022 05:35 PM
- New
GST made it easy to do biz, says Deloitte industry survey
Industry leaders are of the view that introduction of the goods and services tax (GST) has brought down barriers across the country and made doing business easy and effective for both businesses and taxpayers, Deloitte Touche Tohmatsu India LLP said on Wednesday quoting an industry survey that it held.
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- 16 Jun 2022 05:52 PM
- New
GST faces its biggest challenge yet after a top court ruling
Several Indian states are pressuring Prime Minister Narendra Modi’s government to extend a program to continue compensation for losses from a goods and services tax or risk a stalemate in attempts to further simplify the structure. It poses the biggest challenge yet to the country’s most significant tax reform in decades.
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- 16 Jun 2022 05:56 PM
GST Council's 47th meeting to be held on 28, 29 June in Srinagar: FM Sitharaman
The 47th meeting of the Goods and Services Tax (GST) Council will be held on 28 and 29 June, 2022 in Srinagar, Union Finance Minister Nirmala Sitharaman said on Thursday.
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- 15 Jun 2022 05:27 PM
Centre issues guidelines on 2 key tax dispute settlement schemes
NEW DELHI : The Central Board of Direct Taxes (CBDT) has issued a set of guidelines on the interplay between two key schemes meant for minimising litigation--the Vivad se Vishwas direct tax dispute settlement scheme and the mutual agreement procedure (MAP) that offers relief to multinational companies.
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- 15 Jun 2022 05:33 PM
90% of Indian industry leaders feel GST has made doing business easy: Survey
About 90 per cent of Indian industry leaders feel that GST has made doing business easier by bringing down barriers across the country, a survey showed on Wednesday.
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- 15 Jun 2022 05:38 PM
Govt panel on GST rate revision to meet this month, likely to discuss tax slabs
The Group of Ministers on Goods and Services Tax rate rationalisation are expected to meet on 17 June, reported news agency PTI on 15 June. The panel of ministers are most likely to discuss possible tweaking in tax rates and may make changes in the tax slab.
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- 15 Jun 2022 05:46 PM
90% Indian CXOs view GST rollout as a positive step: Study
NEW DELHI: Giving a thumbs up to the GST regime, 90% Indian CXOs across key sectors have backed this technologically driven indirect tax regime. Industry leaders are of the view that ‘one nation, one tax’ reform has certainly brought down barriers across the country and made doing business easy and effective for both businesses and taxpayers. The GST regime has positively affected the prices and costs of goods and services to end consumers, along with helping companies optimise their supply chains. These insights and more came out in the Deloitte GST@5 Survey 2022.
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- 14 Jun 2022 03:53 PM
GST receipts set to further reduce in June
Source: https://www.livemint.com/economy/gst-receipts-likely-to-further-soften-in-june-11655129119466.html
Goods and Services Tax (GST) receipts of the central and state governments are set to further moderate in June after scaling a historic high in April by riding on financial year end spike in sales, according to data on the generation of e-way bills.
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- 14 Jun 2022 04:04 PM
Game theory analysis indicates the benefits of GST cooperation
At the time of its introduction in 2017, policymakers across the world wondered how a Goods and Services Tax (GST) would fare in a complex federal economy like India’s. While the success of federal democracy was applauded when it was launched, less noticed was an institution that was created by a Constitutional amendment and has become a symbol of Union-state relations at their best. By setting up the GST Council, India not only strengthened its federal structure, which has evolved since independence, it instituted a mechanism by which state government of varied political allegiances could come together, take and abide by joint decisions for the nation’s common good.
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