The Goods and Services Tax (GST) panel is mulling various methods to boost revenue collections, among which one suggestion is to raise the 5 percent tax slab to 6 percent, as per a Business Standard report.
The slab-restructuring is expected
Federal indirect tax body, the Goods and Services Tax (GST) Council, will meet later this month to discuss various revenue raising measures including changes to GST rates and cess levied on select goods.
The council meeting which is expected in
Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday said the Commercial Tax Department should conduct awareness drives to help traders in filing returns and applying for refunds. He said a businessman is not afraid of paying tax, but harassment.
Adityanath,
Concerned with the dipping monthly collections of Goods and Services Tax (GST), the government and indirect tax department are now planning stricter measures against non-compliant taxpayers.
According to sources, the tax department is now planning to block the facility to
The dwindling goods and services tax (GST) collections, which fell to a 19-month low in September, have triggered a war of words between Kerala Finance Minister Thomas Isaac and the Union finance ministry.
Isaac had, on Tuesday, tweeted that the
The Goods and Services Tax (GST) Council meeting on Friday is likely to be a stormy affair, with some states opposing the Centre’s proposal to cut tax on automobiles, citing revenue shortfalls and previous instances of businesses failing to pass
The slashing of GST rates on hotel tariffs and the reduction in corporate taxes is the government’s Diwali gift for the tourism sector, Minister of Tourism Prahlad Patel said on September 23.
The GST Council on September 20 slashed the
GST Network, the IT backbone of the indirect tax system, on Thursday unveiled an online refund process as decided by the GST Council.
With the deployment of online refund functionality, taxpayers can now file refund application (in RFD 01 form)
The auto industry may be desperate for a cut in the goods and services tax (GST) on cars from 28 to 18 per cent, but the bleak revenue position has prompted the GST fitment committee to hold back from approving
The upcoming Goods and Services Tax (GST) Council meeting on September 20 is likely to approve the mechanism to allow a single authority — state or Central — to sanction and process GST refunds for exporters in a faster and