Gst Law

GST Council Meet today: Focus on revenue protection, boost for economic growth; no major tax rate cuts likely

The GST meeting will be closely watched as it could help investors gauge the government’s seriousness in reviving growth in Asia’s third-largest economy

GST: Ministerial panel favours deferment of sops for digital payments; want reverse charge mechanism removed

To incentivise digital transactions, the GST Council in its last meeting in May had discussed giving a concession of 2% in GST rate (where the tax rate is 3% or more) to consumers making payment through cheque or digital mode.

GST anniversary: Piyush Goyal advises consumers to ask for bills to check tax evasion; helpline for complaints in the works

On completing a year of GST, Piyush Goyal advises consumers to insist on bills for every purchase to check tax evasion and reduce tax rate on each item by as much as 4-5 percent.

Gujarat High Court issues notices Centre, state govts on plea on GST Act

The Gujarat High Court has issued notices to the central and state governments and the GST Council on a petition challenging the "absence of provisions" under the GST Act which "blocks" advocates from availing the input tax credit.

GST pricing diktat: Didn't govt indulge in profiteering too by not cutting petroleum prices?

The charge of profiteering will not stick unless the government promulgates a price control order across the board for all commodities and services which is well nigh impossible

GST rolled out: Next council meet to decide on anti-profiteering mechanism, says Arun Jaitley

The GST Council will finalise a mechanism at its next meeting later this week to operationalise anti-profiteering clause which seeks to protect consumers interest

GST launched: What experts want now? An empathetic execution, refinement of rate slabs

The government needs to continuously engage with the trade and industry to remove the pain points in implementation to ensure a smooth transition

J&K to skip 1 July national GST rollout deadline; state industry bodies oppose new tax regime

J&K state government has said that it will be difficult for the businessmen to carry out trade with rest of the parts of India

GST: Hasmukh Adhia tells companies to hold prices till roll out on 1 July

The GST Act includes the provision of setting up an anti-profiteering authority to ensure that companies pass on the benefit of tax reduction to customers.

Experts on GST rates: Indeed a new beginning but telecom, insurance, hotel booking to pinch consumer

While some have supported the multiple rate structure for services some others have criticised it