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21 States Choose Centre's "Borrow" Option As Way Out Of GST Dues Row
Twenty-one states have given their borrowing option proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources have said. These 21 states went with "option 1", which allows them to borrow the tax collection shortfall due to the switch to the GST, estimated at Rs 97,000 cro...
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States' Demand Of Sole Control In GST Disempowers Centre: Excise Board
Days ahead of the crucial meeting of the GST Council on who would administer which assessee, CBEC chairperson Najib Shah on Thursday said the demand for giving states the sole control on tax payers with turnover of less than Rs 1.5 crore will disempower the Centre.
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GST Rate Undecided Amid Tussle Over Share Of Centre vs States: 10 Facts
The rate of the new Goods and Services Tax or GST remains undecided with states and the centre disagreeing on fundamentals of the tax reform at a crucial meeting.
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States Start Looking For Consultants For GST
States have started scouting for tax consultants to advise them on technical aspects of the goods and services tax (GST), which is planned to be rolled out from April next year.
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In Next Big GST Step, Cabinet Clears Council Which Will Fix Rate
In the next big step towards meeting an April 1, 2017 deadline to implement the mega reform Goods and Services Tax Bill, the Union Cabinet has today approved the setting up of a GST Council which will fix the rate of the single tax that will replace a slew of indirect taxes across the country.
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As Government Chases Tough Target For GST, Action Moves To States
Nine BJP states, four states where the party shares power with allies and two avowals of support. The Modi government has done its math when it says it is aiming to have GST approved by at least 15 states in the next 30 days.
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21 States Choose Centre's "Borrow" Option As Way Out Of GST Dues Row
Twenty-one states have given their borrowing option proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources have said. These 21 states went with "option 1", which allows them to borrow the tax collection shortfall due to the switch to the GST, estimated at Rs 97,000 cro...
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States' Demand Of Sole Control In GST Disempowers Centre: Excise Board
Days ahead of the crucial meeting of the GST Council on who would administer which assessee, CBEC chairperson Najib Shah on Thursday said the demand for giving states the sole control on tax payers with turnover of less than Rs 1.5 crore will disempower the Centre.
-
GST Rate Undecided Amid Tussle Over Share Of Centre vs States: 10 Facts
The rate of the new Goods and Services Tax or GST remains undecided with states and the centre disagreeing on fundamentals of the tax reform at a crucial meeting.
-
States Start Looking For Consultants For GST
States have started scouting for tax consultants to advise them on technical aspects of the goods and services tax (GST), which is planned to be rolled out from April next year.
-
In Next Big GST Step, Cabinet Clears Council Which Will Fix Rate
In the next big step towards meeting an April 1, 2017 deadline to implement the mega reform Goods and Services Tax Bill, the Union Cabinet has today approved the setting up of a GST Council which will fix the rate of the single tax that will replace a slew of indirect taxes across the country.
-
As Government Chases Tough Target For GST, Action Moves To States
Nine BJP states, four states where the party shares power with allies and two avowals of support. The Modi government has done its math when it says it is aiming to have GST approved by at least 15 states in the next 30 days.
