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NEWS
Centre borrows Rs 6,000 cr to compensate GST to 18 domains in first tranche
Sat, Oct 24, 2020     Source : Business Standard
16 states, two UTs among beneficiaries; money raised at 5.19% interest rate; Centre to transfer Rs 6,000 crore to states on a weekly basis through this window
NEWS
GST compensation: States refuse to relent, demand full borrowing by Centre
Sat, Oct 17, 2020     Source : Business Standard
A day after the Centre agreed to borrow Rs 1.1 trn and lend to states in lieu of the promised compensation, dissenting states including Chhattisgarh, Kerala made it clear they will not relent
NEWS
Centre revises H2 borrowing calendar to accommodate GST compensation
Fri, Oct 16, 2020     Source : Mint
The central government late on Thursday said it was modifying its borrowing calendar for the second half to operationalise a special borrowing window meant for states to bridge their Goods and Services Tax...
NEWS
GST Council meet ends without conclusion on compensation
Tue, Oct 13, 2020     Source : Economic Times
Finance minister Nirmala Sitharaman announced on Monday that the Centre and states ended the GST (Goods and Services Tax) Council meeting without conclusion.
NEWS
Why GST saga is a terrible low point
Mon, Oct 12, 2020     Source : Mint
The 43rd GST Council meeting that is set to take place on Monday holds enormous significance.
NEWS
Taxpayers will have to report only transactions pertaining to FY19 in annual GST return: FinMin
Sat, Oct 10, 2020     Source : Financial Express
The finance ministry on Friday said taxpayers are required to report in the annual GST return of 2018-19 only the values of transactions pertaining to that financial year.
NEWS
Pre-filled GST returns to become norm from 1 Jan
Wed, Oct 07, 2020     Source : Mint
Pre-filled tax forms and greater transparency requirements are coming to businesses in 2021, with the Goods and Services Tax (GST) Council clearing key changes to the return filing process on Monday.
NEWS
42nd GST Council meeting: Compensation cess extended beyond 2022, say sources
Tue, Oct 06, 2020     Source : Economic Times
The 42nd goods and services tax (GST) Council meeting headed by finance minister Nirmala Sitharaman has approved extension of the GST compensation cess levy beyond 2022.
NEWS
Centre used GST funds elsewhere, violated the law: Comptroller Auditor General
Sat, Sep 26, 2020     Source : Economic Times
The government wrongly retained Rs 47,272 crore of goods and services tax (GST) compensation in the Consolidated Fund of India in 2017-18 and 2018-19 and used it for other purposes, the Comptroller Auditor...
NEWS
GST e-invoicing to start from Oct 1, as planned: GSTN CEO
Sat, Sep 26, 2020     Source : Economic Times
The plan to introduce the e-invoicing regime from October 1 will not be postponed.
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