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COMPENSATION CESS DEADLINE
Bill to replace tobacco cess with new levy in winter sessionThe central government might present a bill during Parliament's winter session. This bill focuses on imposing a levy on tobacco products. I...- Govt to monitor GST rate cuts to ensure relief reaches common man: MinisterThe finance ministry will closely monitor the implementation of reduced GST rates to ensure the relief reaches the common man, according to...
- GST Council Meeting: Hour of GST 2.0 arrives; all eyes on Team Modi's Diwali gifts for Indian economyThe keenly-watched GST Council meeting is underway. It will potentially overhauling India's tax structure by reducing it to two primary sla...
- Compensation cess: GoM may seek more time to submit reportA group of ministers (GoM) will likely request the GST Council to extend the December 31 deadline for their report on compensation cess by ...
- India’s ‘sin’ is govt’s bounty: GST cess may deliver Rs 70,000 cr bonanzaThe Centre is anticipating a significant surplus of approximately Rs 70,000 crore from GST compensation cess collections, even after repayi...
- GST Council Meeting: Sin goods windfall, tax relief talks, and more ahead of budget buzzGST Council Meeting: The upcoming 53rd meeting of GST Council is poised to discuss several key measures that could pave the way for signifi...
- GST Council to discuss on apportioning, renaming compensation cess beyond March 2026The GST Council will discuss the future of the compensation cess on luxury and demerit goods collected to repay loans taken by the Indian g...
- View: As the GST enters its fifth year, here're the challenges aheadGoing forward, it is key that the tax base be expanded. The seductive appeal of excluding fuel because they yield high revenue is no argume...
- Non-BJP states unhappy with GST relief plan, may forge joint strategyThe Centre on Saturday circulated two options for states to borrow and meet the GST shortfall, which will be repaid via an extension of the...
- GST Council may discuss ways to garner funds for states' compensation amid falling revenuesThe meeting would discuss the impact of the pandemic on revenues of the Centre and states and ways to breach the revenue gap, sources said....
- GST Council to meet on June 12Faced with dismal collection and extended deadline for filing returns, the government has refrained from releasing the monthly GST revenue ...
- Mobile phones to cost more as GST hiked to 18% from 12% earlierThe decision to hike the rate on mobile phones was taken in the 39th GST Council meeting chaired by the FM.
- GST rates changed for 40 items, deadline for GSTR 1 filing extended to OctoberJaitley said overall GST collection has been quite robust at Rs 95,000 crore for July, with 70% of those registered already filing their re...
- July GST collections of Rs 92,000 crore exceeded target: Finance Minister Arun JaitleyTotal GST collection for July is pegged at Rs 92,283 crore. Jaitley said 64.42% have filed returns. So by the time all returns are filed, t...
- GST Bills may be introduced in Lok Sabha on Monday"The four supplementary legislations will be introduced in Parliament as early as on Monday," a senior finance ministry official said.
- Centre, states agree upon contours of GST laws but April deadline looks difficultState FMs raise issues of compensation, taxation right over high seas at 8th GST Council meet.
- Arun Jaitley faces few hurdles in GST implementation"I am not going to bind myself with anything. Our effort is to do it as quickly as possible and I think we are making a reasonable headway,...
- Amid concerns, Niti Aayog supports four-slab GST & cess on sin goodsThere is ongoing debate whether GST, which is to be rolled out from April 1 next year, should be a single rate regime or should it have mul...
- Four slab rate structure for GST is better than a single rate: Arvind PanagariyaAccording to Panagariya, the revenues loss prospects under four slabs will be much less as opposed to the single rate, would be predictable.
- GST threshold fixed at Rs 20 lakh in GST council's meet, rate to be decided in OctoberThe base year for compensation to states -- on the basis of which they will get a share of the GST revenue -- has been fixed as 2015-16, sa...
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