-
PHDCCI urges Centre to bring petroleum products under GST
Wholesale Price Index (WPI)-based inflation has been in a double-digit growth trajectory for the past three months
-
GST revenue jumps 33% to over Rs 1.16 lakh crores in July
Goods and Services Tax (GST) collection in July 2020 was Rs 87,422 crore, Sequentially, it was Rs 92,849 crore in June this year.
-
3-tier GST structure on the cards
As long as it is not clear which slabs will be merged, it cannot be ascertained whether consumers will gain or lose.
-
GST rate structure rationalisation on govt's agenda: CEA
A three-rate structure is very important and there is also a need to fix inverted duty structure as far as the GST is concerned, K V Subramanian said
-
Higher tax collection in Q1 shows economy on recovery path: Govt
Reasons for the increase in the tax collections include the revival of economic activities and positive sentiments among taxpayers.
-
Honest taxpayer: Recognise and reward
Besides recognising the contribution of the taxpayer, the government should also reward them.
-
Significant corporate growth with low-interest cost: Ecowrap
SBI report shows that cut in taxes in FY20 has contributed 19% to the top line of sample sectors during the pandemic
-
Second-hand jewellery: Jewellers to pay GST only on profit earned
GST is payable only on the margin between the selling price and purchasing price. This ruling would reduce the GST on resale of second-hand jewellery
-
Petrol, diesel under GST will not result in drop in prices
Both Centre and the states are overly dependent on petroleum taxes. They may not ease their grip on them
-
GST: Finance Ministry releases Rs 75,000 crore to compensate states for revenue shortfall
This release is in addition to normal GST compensation being released every 2 months out of actual cess collection
