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GST regulation puts companies in a fix

Friday, October 18, 2019, 2:54 PM

Many companies could face a stress on their working after a Goods and Services Tax (GST) regulation may lead to hundreds of crores stuck in input tax credit claims. A government regulation that disallows companies to take input tax credit if vendor invoices are not uploaded on the GST network is creating problems for the companies, said people in the know.
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Single rate GST not possible in a country with poor people: Jaitley

Monday, July 1, 2019, 6:54 PM

As GST completed two years of implementation on Monday, former Finance Minister Arun Jaitley in a blog wrote, "Those who argued for a single slab GST must realise that a single slab is possible only in extremely affluent countries without poor people." "As revenue increases, it'll allow policymakers to possibly merge 12% and 18% slab into one," he added.
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GST Council to consider reducing tax on electric vehicles: Anurag

Monday, June 24, 2019, 1:28 PM

The GST Council will consider reducing tax on electric vehicles, which are seen as more environment-friendly, and the matter is pending before it, Minister of State for Finance Anurag Thakur informed the Lok Sabha on Monday. "The matter has been placed before the GST Council and will be considered. As of now, it is pending before the council," he said.

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