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GST RELIEF SHORTFALL
Why AC maker Blue Star wants both summer and monsoon seasons to be good this yearBlue Star’s growth outlook hinges on strong summer-led urban demand and a favourable monsoon supporting rural markets, which now drive over...- Tax collection may fail to meet target for this fiscalThe government anticipates a slight dip in tax collections this financial year. This is due to recent Goods and Services Tax rate reduction...
- Nominal GDP growth may miss FY26 target on soft inflation: CEA V Anantha NageswaranChief Economic Advisor V Anantha Nageswaran anticipates a potential shortfall in nominal GDP growth compared to the budgeted 10.1% due to b...
- GoM to propose GST exemption on health and life insurance premiums: Bihar Dy CMThe GST Group of Ministers is considering exempting health and life insurance premiums from the GST levy, a move that aligns with the Centr...
- Calcutta HC grants Delta Corp interim relief in Rs 6,384 cr tax demand caseThe Calcutta High Court has granted interim relief to Delta Corp's Deltatech Gaming Ltd in a Rs 6,384 crore goods and service tax (GST) dem...
- MVA govt should take loan if it faces fund crunch: Maharashtra BJP chief Chandrakant PatilMaharashtra BJP chief Chandrakant Patil also urged people to ask CM Uddhav Thakeray and NCP chief Sharad Pawar about how much the state spe...
- First physical GST Council meeting since pandemic begins in LucknowInclusion of petroleum products, petrol and diesel within GST is set to be a hot topic of debate as high taxes and cess have pushed fuel pr...
- Centre to present options to states for meeting compensation shortfall at GST Council meetingThe GST compensation is calculated as per the formula provided in the Compensation Act and is released on a bi-monthly basis. However, due ...
- Implications of the 43rdGST Council meet, and what comes next?One major change introduced by the Council was the grant of IGST exemption to specified COVID -19 relief goods purchased for free distribut...
- GoM to look into GST rates on Covid vaccines, drugs, devicesStates including Odisha, Gujarat, Punjab, Chhattisgarh, Kerala and West Bengal sought full GST waiver for Covid vaccines, drugs and related...
- What is expected from the 43rd GST Council meeting todayA number of states including opposition-ruled ones such as Punjab and West Bengal have demanded either full exemption or zero-rated tax on ...
- GST Council to meet on Friday to take up key issues: Tax on Covid related medical material, compensation cess for FY22Another key issue of compensation shortfall for the second consecutive year is also likely to take centre-stage at a time when states requi...
- Centre must borrow ₹1.7 lakh crore for GST relief shortfall: 5 non-BJP statesOpposition-ruled states of Kerala, West Bengal, Chhattisgarh, Punjab and Jharkhand have fired a fresh salvo on the GST shortfall saying the...
- Punjab CM Amarinder Singh calls Centre’s recent GST move atrociousThe Centre’s total lack of support is not helping matters, of course. Not only have they not extended any significant Covid relief aid, but...
- Double Whammy: Realtors’ GST burden to riseReal estate companies face a double whammy post lockdown. Not only did work come to a halt, builders will now have to pay a higher rate of ...
- Government gives leeway to MSMEs from penalties, interest for GST non complianceIndustry trackers say that the government is trying to do a balancing act as it needs more revenue through GST but also doesn’t want to cre...
- GST compensation to 9 states put at Rs 70,000 CrRevenue collections from GST may fall short & compensation requirement of major states could jump.
- GST meeting: Many taxing questions could be answered this FridayThere is a big question about whether or not the government can afford to cut tax rates at this juncture.
- GST Council meet: Relief for cars, hotels likely; sin goods may be at receiving endInvestors may still welcome any tax cuts ahead of the festive season, said analysts.
- Government denies its finances in a messAverage GST collection run rate is likely to lead to a shortfall of Rs 1.5 lakh crore.
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