- 24 Jun 2022 05:12 PM
- New
The growing case for the end of GST compensation
Goods and services tax (GST) collections have picked up across states, narrowing their revenue shortfall, and eroding their case for a continuation of the GST compensation.
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- 24 Jun 2022 05:17 PM
- New
GST council to approve 6th e-invoice generation portal
NEW DELHI : The government is increasing the number of portals for registering e-invoices from just one to six as it takes the digital route to plug indirect tax collection leakages in the run-up to a meeting of the Goods and Services Tax Council next week.
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- 24 Jun 2022 05:23 PM
- New
GST exemptions on healthcare services: More clarifications are expected shortly
A number of clarifications regarding tax rates, including exemptions for assisted reproductive technology (ART) or in vitro fertilisation (IVF), as well as the application of GST on the payment of honoraria to guest anchors, may shortly be released by the GST department.
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- 24 Jun 2022 05:27 PM
GST Council likely to exempt small online sellers from registration requirement
New Delhi: To encourage online retail, the GST Council is likely to exempt small entities making supplies through e-commerce from mandatory registration requirement and allow them to opt for composition scheme. This will bring them on a par with offline players by providing a level playing field.
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- 24 Jun 2022 05:36 PM
GST Council may consider changes in monthly GST payment form
The move would help curb the menace of fake billing, whereby sellers would show higher sales in GSTR-1 to enable purchasers to claim input tax credit (ITC), but report suppressed sales in GSTR-3B to lower GST liability.
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- 23 Jun 2022 06:06 PM
GST Council to consider rate change on only a handful of items in meet next week
New Delhi: The GST Council, which is scheduled to meet next week, will take up changes in tax rates on only a handful of items where the fitment panel has recommended a revision, as per the agenda document reviewed by Mint.
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- 23 Jun 2022 06:10 PM
GST Council may reject demand to reduce GST rate on over 200 items
A ministerial panel will meet next week to discuss the proposed changes in the goods and services tax (GST) rate for over 200 items. The panel of government officials has proposed a change in GST rate for several items, including tetra-packs, even as it rejected demands for a reduction in levy over 200 goods and services to ease the inflationary burden on consumers, a Business Standard report said.
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- 23 Jun 2022 06:24 PM
GST on cryptocurrency likely as council may take decision next week
In what could further spoil the mood of crypto investors in the country, GST council will meet next week to discuss a goods and services tax (GST) on cryptocurrency transactions, a report by Bloomberg suggested.
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- 23 Jun 2022 06:29 PM
GST Council ready to meet; here's what's on the agenda
BENGALURU/NEW DELHI : The GST Council is set to give extra time for officials to demand tax dues and for businesses to seek refund for past years in view of the disruption caused by the pandemic. The Council may also revise tax rates on certain items such as accessories used by cancer patients, imported defence items and tetra packs.
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- 20 Jun 2022 06:03 PM
CBIC urges taxpayers to file GST returns by due date
NEW DELHI : Central Board of Indirect Taxes and Customs (CBIC) has urged tax payers to file their monthly Goods and Services Tax (GST) returns for May by 20 June as delay would lead to late fee and interest liability.
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