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Indirect tax reforms: A job half done; GST underperforms for its faulty design, rate hike agenda regressive

Taxes continue to get paid on taxes. Economic travails have since forced the policymakers’ hands and deprived them of any…

June 27, 2022 03:45 IST

Five years of GST: States’ finances at a crossroads Premium Story

Extension of compensation cess notwithstanding, states will have to take a hit.

Updated: June 27, 2022 08:37 IST

90% of businesses feel GST made doing business easy: Deloitte survey

Automation of tax compliances and introduction of e-invoicing/e-way facility emerged as the most beneficial reforms introduced by the government.

June 15, 2022 15:21 IST

GST Council recommendations not binding on Centre and states: Supreme Court ruling may impact GST provisions

The Parliament and state legislatures possess equal powers to legislate on GST, the Supreme Court said, upholding the judgement of…

Updated: May 19, 2022 15:21 IST

GST: GoM yet to take a view on rate rationalisation

There was a thought in some quarters that the slab of 5 per cent may be broken into 3 per…

April 18, 2022 21:54 IST

50-year interest-free loans: Centre may add riders to a third of Rs 1-trillion loan to states

The Centre’s Budget capex for the next fiscal is pegged at Rs 7.5 trillion, up 36% from the revised estimate…

April 5, 2022 06:30 IST

GST rates overhaul may be delayed by a few months

A delay in the GST slabs recast could have serious implications for state governments’ revenues, since a five-year compensation mechanism…

March 18, 2022 06:15 IST

Certain positive thrusts from the government are making them go digital while certain regulatory challenges seem to be applying brakes to their pace of adoption, preventing them from jumping on to the digital bandwagon.

GST brakes on growing digital economy

The requirement that small businesses register under GST if they want to sell online, even when their turnovers are below…

January 28, 2022 04:15 IST

Banks seek relief from GST notices, special disputes mechanism

The IBA has also suggested that the quarterly issuance of TDS certificate (Form 16A) should be scrapped now.

January 26, 2022 03:40 IST

PTR Palanivel Thiaga Rajan, Tamil Nadu Finance Minister

Idea Exchange| A competent, powerful Union govt is clearly needed… But can’t rule which school gets toilet sitting in Delhi: Tamil Nadu Finance Minister PTR Palanivel Thiaga Rajan

“During the initial lockdown easing, the Union Home Ministry was trying to tell us when we could or couldn’t open…

August 22, 2021 04:00 IST

GST hit Kerala’s tax revenue, system needs rethink: KN Balagopal

The state government fears that the state’s tax revenues would deteriorate once the five-year guaranteed GST compensation ends in June…

August 5, 2021 02:00 IST

With the impact of the second Covid-19 wave waning and the vaccination drive making progress, parts of the economy are expected to look up from July.

GST: End hibernation on dispute resolution

The GST Council must evolve the rules for adjudication in time, lest a solution on resolving disputes itself becomes dispute-ridden

July 26, 2021 06:15 IST

PIL seeks setting up of GST tribunal to cut backlog of cases

“The constitution of National and other Benches of the appellate tribunal under Section 109 of the CGST Act, 2017 is…

July 23, 2021 01:30 IST

Centre borrows, releases Rs 75,000 crore to compensate states for GST revenue shortfall

The Finance Ministry in a statement said the amount released is about half of the Rs 1.59 lakh crore that…

Updated: July 15, 2021 20:24 IST

The Council will likely debate on streamlining GST rates and inverted duty structure, tightening anti-evasion and fake input tax credit availed by scamsters to boost revenues.

Special GST Council meet likely in August after monsoon session of Parliament

Earlier, the fitment panel of the Council had recommended continuation of the process of correcting inverted rate structures that dented…

July 15, 2021 03:00 IST

Compensation: Unpaid GST dues to states for FY21 at Rs 74,398 crore, says West Bengal FM Amit Mitra

The GST Council meetings have become “acrimonious, vexing and almost toxic with erosion of mutual trust”, he said.

June 24, 2021 06:30 IST

(Of course, the 15th FC has sought to balance this by also rewarding efforts to control population even as it went by the 2011 census to determine inter se share of divisible-pool taxes among states).

GST was a mistake, time to undo the damage: Kerala FM KN Balagopal

Given that few states had witnessed their natural growth rates in recent years, it was legitimate to extend the GST…

June 21, 2021 04:45 IST

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How e-invoicing is helping businesses from remote areas to get connected with mainstream development

Although SMBs may not have been initially keen on adopting technology for generating their invoices, with the new mandate in…

June 19, 2021 12:20 IST

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