GST rates set to increase as council eyes major revamp
Move will increase burden on consumers but may generate close to Rs 1 lakh crore in revenue.
Register for panel discussion on ‘GST 2.0: The changes and challenges for taxpayers’
A series of on-ground and web-based events, ETRISE Dialo...
State governments not keen to levy GST on exempted goods
“Goods on the exempted list are mass-consumption items. No state will agree to inclu...
GST structure to be reviewed on revenue concerns
Move comes against the backdrop of states complaining about Centre delaying compensation payments.
Four arrested for Rs 400 cr GST fraud, ED might join probe
The CGST department has arrested four persons for allegedly making false input tax credit (ITC) claims causing loss to the exchequer to the tune of at least Rs 400 crore.
RBI may wait for Budget announcements before taking rate cut decision
“The forthcoming union budget will also provide better insight into further measures to be undertaken by the government and its impact on growth. Against this backdrop, the MPC judged that there is monetary policy space for further action, but it felt it appropriate to take a pause at this juncture.”
We are not done with stimulus: Nirmala Sitharaman on reviving economy
A personal income tax rate cut for Sitharaman would be difficult at this juncture.
No GST on sale of unfinished flat to another buyer
Liquid and debt based funds are taxed at the slab rate if redeemed within 3 years. How would I pay STCG?
View: It's time for a fair distribution of GST proceeds between Centre and states
A lion’s share of GST goes to states. Actual transfers of the Centre’s gross tax collections are about 36%.
RBI decision to keep rates unchanged shocking: Ashima Goyal
Also disappointed there is no signal on OMOs. RBI seems to be waiting for Budget .
Dharmendra Pradhan hopes coming Budget will signal inclusion of ATF, natural gas in GST
When the Goods and Services Tax (GST) was introduced on July 1, 2017 amalgamating 17 central and state levies, five commodities namely crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) were kept out of its purview given the revenue dependence of state governments on this sector.
Tax queries: No GST on sale of unfinished flat to another home buyer
Dilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
MNRE misses capacity addition targets; 175 GW by 2022 in peril: Parliamentary Panel
The Parliamentary Standing Committee on Energy has also asked the ministry to take up the issue of ambiguity and disputes related to GST on renewable energy devices with the finance ministry at the earliest. This is the panel's first report, which was tabled in Parliament on Friday.
Expect rate cuts to continue once inflation comes down: PK Gupta, SBI
The banks have done most of the transmission and the remaining will happen in the coming months.
Finance panel chief NK Singh blasts frequent tinkering with GST rates
Finance commission chairman NK Singh also pitched for a rationalisation in Centrally- sponsored schemes, and blamed the government for not clearly defining the role of the Niti Aayog, which as of now does not have any powers to take financial decisions. The comments come amidst concerns about the continuous fall in GST collection.
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