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Sunday, May 5, 2024
TopicGST

Topic: GST

Need to revive demand, slash GST rates by 50% for all sectors, says Assocham chief

In an interview with ThePrint, Assocham president Niranjan Hiranandani says RBI should also look at a one-time loan restructuring to prevent a banking system collapse.

Centre releases GST compensation of over 1.65 lakh crore to states, UTs for FY 2019-20

Maharashtra received the highest GST compensation from the Centre amounting to Rs 19,233 crores, followed by Karnataka which received Rs 18,628 crores.

PM Modi should know India needs to be a strong country, not just have a strong government

Modi may be too smart to fall for his own propaganda, but the positive change narrative has become untenable. For its own sake, the govt should course-correct.

GST collections in June stand at Rs 90,917 crore, 9% lower than last year

GST collections for the first quarter of this fiscal declined 59% as lockdown imposed to contain spread of Covid-19 pandemic severely impacted economic activity.

Parota-vs-roti tax fight will exist until Indian policymakers let go of Socialist mindset

The roti-vs-parota battle is hardly India’s first tax classification problem. Remember chappal vs sandal? It’s a problem with how Indian officials function.

Revised MSME definition is a long-awaited reform but not enough to address bloating sector

Complex labour laws & regulations were responsible for the creation of dwarf entities in India. MSMEs will need many reforms to scale up and be competitive.

States need more funds from Modi govt to ensure vulnerable are protected during Covid: Paper

The Accountability Initiative working paper says state finances were already under pressure before the Covid-19 pandemic struck due to lower tax devolution and GST compensation.

To ease or not to ease lockdown: Dailies discuss Delhi’s dilemma; GST relief coming soon?

A round-up of the most important reports in major newspapers around the country – from TOI and HT, Express and The Hindu to The Telegraph, Mumbai Mirror and The Tribune, as well as top financial dailies.

GST collections fall to Rs 97,597 cr in March from Rs 1.05 lakh cr in February

Of the total Rs 97,597 crore GST revenue, the central GST stood at Rs 19,183 crore, state GST at Rs 25,601 crore and integrated GST at Rs 44,508 crore

After demonetisation and GST, slow response on corona is latest disaster of centralisation

Modi govt is perceived as ‘strong’ because of its centralised functioning, but its slow response on Covid-19 exposes the risks that come with such style of governance.

On Camera

‘Trade, not aid’—Narasimha Rao’s 1991 reforms speech that changed India’s economic landscape

On 9 July 1991, then-PM PV Narasimha Rao addressed the nation days before the Budget presentation, admitting that the job of repairing India's sick economy won't be easy, quick, or smooth.

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.