- 05 Jul 2022 04:31 PM
- New
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
- New
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
- New
'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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- 04 Jul 2022 01:51 PM
Milk prices likely to rise after new GST rates on these dairy products. These 2 stocks are top picks
The GST council has withdrawn exemptions from taxation on some food items, grains, etc. With this withdrawal, milk products like pre-packed, pre-labeled curd, lassi, and buttermilk will have a GST rate from the current NIL. This move is expected to push dairy companies in hiking their consumer prices to pass on the impact of additional costs. Although, there is limited impact seen in volumes. Heritage Foods and Dodla Dairy are two hot stocks in the sector.
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- 04 Jul 2022 01:59 PM
Delhi seeks GST reduction on raw materials of alternatives to single-use plastic
The Delhi government will seek a reduction in the GST rates of raw materials for manufacturing alternatives to single-use plastics after the Centre imposed a ban on them, said state environment minister Gopal Rai.
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- 04 Jul 2022 02:06 PM
Domestic housing sector projected to accelerate in five years: PNB HFC
After a period of stagnation, the domestic housing market is expected to expand over the next five years. Thanks to sectoral reforms like RERA and GST, which have increased predictability, housing finance companies are well positioned to take advantage of this potential, according to PNB Housing Finance's annual report for 2021–22.
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- 04 Jul 2022 02:16 PM
Centre: Robust GST will help states give up compensation
The trend of robust goods and services tax (GST) revenue collection of ₹1.51 trillion a month on average in the June quarter brings states’ GST revenue receipts closer to the level of revenue protection they seek, according to the revenue secretary Tarun Bajaj.
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- 04 Jul 2022 03:57 PM
GST compensation to states should not be extended: Hasmukh Adhia
"Compensation was more an insurance against tax losses for five years (2017-22). But if it is continued for too long, it will lead to laxity in states’ bureaucracy. It will act as a disincentive in mopping up more taxes. The GST compensation to states should end now."
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- 04 Jul 2022 04:04 PM
A tax comes of age: Five years since rollout, areas where GST needs retouch and improvement
On July 1, Goods and Services Tax (GST) completed five years of its existence. From its grand midnight launch at the historic central hall of Parliament to the 47th GST Council meet in Chandigarh earlier this week, it has been an eventful life story for what was nicknamed the “good and simple tax.”
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- 04 Jul 2022 04:27 PM
CBIC honours taxpayers contributing to the GST success story
Source: https://taxguru.in/goods-and-service-tax/cbic-honours-taxpayers-contributing-gst-success-story.html
Fifth GST Day with vision [email protected] साधन, देश के सर्वांगीण विकास का celebrated at New Delhi
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