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At NDTV GST Conclave, BJP And Opposition Differ On Compensation, Responsibility
The finance minister of Punjab and Jharkhand and the industries minister of Delhi ensured a spirited start to the NDTV GST Conclave on Tuesday, with their panel discussion on 'Matters of States' witnessing a heated debate on the GST reforms.
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Tax Panel Plans Steep Levies On Luxury Electric Cars In Blow For Tesla, BMW
A tax panel has proposed steep increases in consumer levies on luxury electric cars priced above $46,000, a government document showed, a move that could impact sales of carmakers such as Tesla, Mercedes-Benz, BMW and BYD.
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Key Panel Accepts Centre's Proposal To Move To 2 GST Slabs, Down From 4
A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre's plan to reduce the number of tax slabs.
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Government Tax Panel Said to Be Unlikely to Reach Consensus on Taxing Online Gaming in December
A government panel of state finance ministers has not yet submitted its report on plans to tax the online gaming sector, according to a government official. The panel is yet to decide whether to talk the profits of these firms, or the value of the entire pool of money collected from game participants.
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Attorney General To Be Consulted On Centre vs States GST Row, Again
The centre vs states stand-off over Rs 2.35 lakh crore due in GST compensation and Covid-related relief payments will be placed before the Attorney General, Finance Ministry officials told a parliamentary panel Friday afternoon
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GST Panel Unlikely To Favour Tax Rate Cut For Auto Sector
India's goods and services tax (GST) panel is unlikely to approve lowering the tax for the auto and allied components sector this week, as a study has warned of major revenue losses, two government officials said.
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GST Fitment Committee Opposes Tax Rate Cut On Automobiles
Late last week, the GST Fitment Committee, a panel of GST officials from the GST Council, came together to discuss the repercussions of GST rate cut on automobiles.
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GST Having "Negative" Effect On Tourism In J&K: Parliament Panel
The Goods and Services Tax has had a "negative" effect on tourism in Jammu and Kashmir, a parliamentary panel has noted, adding the Centre should reconsider the indirect tax regime on tourism-related activities in the northern state.
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BJP Lawmakers Block Report Critical Of GDP Calculation Methodology
A parliamentary panel headed by veteran BJP leader Murli Manohar Joshi, in a draft report prepared by it, has questioned the mechanism for calculating the country's Gross Domestic Product (GDP) and asserted that the methodology needs review to reflect the ground reality.
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BJP's Sushil Modi Deflates Centre's GST Way To Bring Down Fuel Prices
It is a misconception that bringing petroleum products under the Goods and Services Tax, or GST, will lead to lower fuel prices, Bihar's Deputy Chief Minister Sushil Kumar Modi said on Saturday.
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15th Finance Commission Asked To Provide Plan For GST Compensation To States
The parliamentarians also asked the panel to review the status of implementation of the recommendations of the 14th Finance Commission.
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GST Return Filing: Simpler Form To Wait For Some More Time. Ten Things To Know
Though the GST Council decided to rollout the E-way Bill from April 1, the council seemingly fell short of the industry expectations by not making the GST filing process simpler on Saturday. The GST Council, in its 26th meet, could not decide on a simplified GST return form and entrusted a ministerial panel under Sushil Modi, finance minister of Bi...
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GST Council Meet: E-Way Bill Roll-Out From April 1, Return Filing Process Extended Till June
In its 26th meeting, Arun Jaitley-chaired GST Council decided that electronic way or e-way bill between states will be implemented from April 1.
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GST Council To Meet Tomorrow, May Consider Reduction In GST Rates
The committee has made as many as 16 recommendations based on the suggestions of the advisory panel comprising trade and industry.
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Tax Revenues Need To Stabilise Before Relook At GST Rates: Sushil Modi
GST Council member Sushil Kumar Modi today said he is in favour of letting the tax revenues stabilise before the panel considers merger or further rationalising of slabs.
-
At NDTV GST Conclave, BJP And Opposition Differ On Compensation, Responsibility
The finance minister of Punjab and Jharkhand and the industries minister of Delhi ensured a spirited start to the NDTV GST Conclave on Tuesday, with their panel discussion on 'Matters of States' witnessing a heated debate on the GST reforms.
-
Tax Panel Plans Steep Levies On Luxury Electric Cars In Blow For Tesla, BMW
A tax panel has proposed steep increases in consumer levies on luxury electric cars priced above $46,000, a government document showed, a move that could impact sales of carmakers such as Tesla, Mercedes-Benz, BMW and BYD.
-
Key Panel Accepts Centre's Proposal To Move To 2 GST Slabs, Down From 4
A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre's plan to reduce the number of tax slabs.
-
Government Tax Panel Said to Be Unlikely to Reach Consensus on Taxing Online Gaming in December
A government panel of state finance ministers has not yet submitted its report on plans to tax the online gaming sector, according to a government official. The panel is yet to decide whether to talk the profits of these firms, or the value of the entire pool of money collected from game participants.
-
Attorney General To Be Consulted On Centre vs States GST Row, Again
The centre vs states stand-off over Rs 2.35 lakh crore due in GST compensation and Covid-related relief payments will be placed before the Attorney General, Finance Ministry officials told a parliamentary panel Friday afternoon
-
GST Panel Unlikely To Favour Tax Rate Cut For Auto Sector
India's goods and services tax (GST) panel is unlikely to approve lowering the tax for the auto and allied components sector this week, as a study has warned of major revenue losses, two government officials said.
-
GST Fitment Committee Opposes Tax Rate Cut On Automobiles
Late last week, the GST Fitment Committee, a panel of GST officials from the GST Council, came together to discuss the repercussions of GST rate cut on automobiles.
-
GST Having "Negative" Effect On Tourism In J&K: Parliament Panel
The Goods and Services Tax has had a "negative" effect on tourism in Jammu and Kashmir, a parliamentary panel has noted, adding the Centre should reconsider the indirect tax regime on tourism-related activities in the northern state.
-
BJP Lawmakers Block Report Critical Of GDP Calculation Methodology
A parliamentary panel headed by veteran BJP leader Murli Manohar Joshi, in a draft report prepared by it, has questioned the mechanism for calculating the country's Gross Domestic Product (GDP) and asserted that the methodology needs review to reflect the ground reality.
-
BJP's Sushil Modi Deflates Centre's GST Way To Bring Down Fuel Prices
It is a misconception that bringing petroleum products under the Goods and Services Tax, or GST, will lead to lower fuel prices, Bihar's Deputy Chief Minister Sushil Kumar Modi said on Saturday.
-
15th Finance Commission Asked To Provide Plan For GST Compensation To States
The parliamentarians also asked the panel to review the status of implementation of the recommendations of the 14th Finance Commission.
-
GST Return Filing: Simpler Form To Wait For Some More Time. Ten Things To Know
Though the GST Council decided to rollout the E-way Bill from April 1, the council seemingly fell short of the industry expectations by not making the GST filing process simpler on Saturday. The GST Council, in its 26th meet, could not decide on a simplified GST return form and entrusted a ministerial panel under Sushil Modi, finance minister of Bi...
-
GST Council Meet: E-Way Bill Roll-Out From April 1, Return Filing Process Extended Till June
In its 26th meeting, Arun Jaitley-chaired GST Council decided that electronic way or e-way bill between states will be implemented from April 1.
-
GST Council To Meet Tomorrow, May Consider Reduction In GST Rates
The committee has made as many as 16 recommendations based on the suggestions of the advisory panel comprising trade and industry.
-
Tax Revenues Need To Stabilise Before Relook At GST Rates: Sushil Modi
GST Council member Sushil Kumar Modi today said he is in favour of letting the tax revenues stabilise before the panel considers merger or further rationalising of slabs.
