- 30 Jun 2022 04:00 PM
- New
GST's half-a-decade journey: Tech usage to plug revenue leaks, Rs 1.3 lakh cr monthly tax 'new normal'
Under GST, a four-rate structure that exempts or imposes a low rate of tax of 5 per cent on essential items and top rate of 28 per cent on cars is levied. The other slabs of tax are 12 and 18 per cent. In the pre-GST era, the total of VAT, excise, CST and their cascading effect led to 31 per cent as tax payable, on an average, for a consumer.
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- 30 Jun 2022 04:18 PM
- New
Government hikes GST for cut & polished diamonds from 0.25% to 1.5%
Gem and Jewellery Export Promotion Council (GJEPC), the apex body of gem and jewellery trade in India, through a series of representations, had been seeking GST increase on cut & polished diamonds to 1.5%, GST decrease on grading and certification (GCS) to 1.5%, refund of accumulated ITC, etc.
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- 30 Jun 2022 04:49 PM
- New
Five years of GST – Baby out of the cradle
Whenever the history of Indian GST is written, the impact of technology in its implementation and execution would invariably be a major highlight.
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- 30 Jun 2022 04:57 PM
5 years of GST: A mix of success and work in progress
The first five years of GST have been a roller-coaster ride, impacted by two waves of COVID-19 that resulted in global lockdowns and supply chain disruptions.
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- 30 Jun 2022 05:54 PM
Allowing firms below GST threshold in e-commerce to help small businesses: Goyal
Commerce and Industry Minister Piyush Goyal on 30 June said the decision to allow firms below the GST threshold to engage in e-commerce is a major decision, which will help small businesses get benefitted from the fast-growing online sector.
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- 29 Jun 2022 05:30 PM
The grand promise of India’s GST is yet to be redeemed
The fifth anniversary of the grand rollout of our goods and services tax (GST) will be celebrated on 1 July. The legislation’s passage in Parliament, ushering in the GST era, was made historic with a special midnight session five years ago. The Prime Minister addressed the nation on live television the next day, which also coincided with Chartered Accountants’ Day.
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- 29 Jun 2022 05:36 PM
To prevent GST evasion, a new plan is on the cards
BENGALURU/CHANDIGARH : The Goods and Services Tax Council will consider several measures to prevent tax evasion at its two-day meeting starting Tuesday as central and state governments face increasing pressure to mobilize revenue to manage spiralling deficits.
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- 29 Jun 2022 05:45 PM
Compliance steps won’t hurt genuine businesses: Vivek Johri
NEW DELHI : Upcoming measures to improve GST compliance will be balanced, and will not cause any hardship to genuine businesses, Central Board of Indirect Taxes and Customs (CBIC) chairman Vivek Johri said.
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- 29 Jun 2022 05:50 PM
The road ahead for GST as it completes 5 years
Source: https://www.livemint.com/economy/road-ahead-for-gst-as-reform-completes-5-yrs-11656356739083.html
The Goods and Services Tax (GST) Council meets for two days from Tuesday as the landmark indirect tax reform completes five years. The meeting is crucial, coming at a time central and state governments are facing stiff fiscal challenges. Mint examines what the Council is upto:
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- 29 Jun 2022 05:55 PM
Mint Mid Day Digest: GST Council meet, Paytm share price surges and more
Shares of food delivery firm Zomato plunged more than 7% to ₹61 apiece on the BSE in Tuesday's early deals, heading for its second straight session of losses after announcing a deal to buy local grocery-delivery startup Blinkit. The stock has plunged about 14% in the last two trading sessions. Read more
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