Page 13 of GST council

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

Opposition state finance ministers welcome Supreme Court’s ruling on GST Council

Say it will arrest shift away from Constitutional scheme

May 20, 2022 04:30 IST

GST Council’s opinion not binding, says Supreme Court; Revenue secretary ruling won’t alter tax regime

The ruling came in a case related to levy of inter-state GST (IGST) on ocean freight. While dismissing the Centre’s…

May 20, 2022 04:15 IST

SC judgement on GST Council: The unravelling of GST’s uniformity promise

The Supreme Court, while deciding the correctness of the levy of IGST on ocean freight in the case of Union…

May 20, 2022 03:15 IST

At present, services of casino, horse racing and online gaming attract 18 per cent GST (Goods and Services Tax).

Ministers’ panel unanimous on 28% GST on casino, online gaming, horse racing: West Bengal FM

However, a call on whether the tax should be levied on gross or net valuation would be taken after further…

May 2, 2022 20:09 IST

At Rs 1.68 trillion in April, GST mop-up remains on the upswing

The total revenue of Centre and the states in April 2022 after regular settlement is Rs 665.82 billion for CGST…

May 2, 2022 04:45 IST

Centre yet to give Rs 78,704 crore GST compensation to states for FY22

This compensation cess is credited to the compensation fund and as per the Act, all compensation is paid out of…

April 28, 2022 05:00 IST

GST Council has not sought states’ views on hiking tax rates

They said that the panel of ministers looking into GST rate rationalisation is yet to submit its report to the…

April 24, 2022 15:27 IST

GST: Ministers’ panel yet to take a view on rate rationalisation

The seven-member GoM (Group of Ministers), which is led by Karnataka chief minister Basavaraj S Bommai and includes finance ministers…

April 19, 2022 12:58 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

In the last two years, the Centre had to resort to aggregate borrowings of Rs 2.69 trillion in order to make good the shortfall in the GST compensation pool.

No extension of GST aid to states, says Centre

The Centre has made it clear that the five-year GST compensation to states can’t be extended beyond June 30, 2022.

April 5, 2022 04:20 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

The shortfall is calculated assuming a 14 per cent annual growth in GST collections by states over the base year of 2015-16. (File)

Over Rs 53,600 crore GST compensation yet to be released to states this fiscal, says FM Nirmala Sitharaman

The compensation amount to be paid from the compensation fund is arrived at by levying cess on top of the…

March 15, 2022 17:34 IST

Gross GST receipts in FY23 seen at 12% higher than estimate

In the current financial year, the Centre will be collecting about `60,000 crore more in GST revenues than the budget…

March 15, 2022 04:15 IST

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