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The state government is all ready to look up for the complaints against the businesses who are not issuing bills or issuing bogus and improper bills or staying away from paying the GST.
The GST Council, in association with the government, is soon going to start releasing the rate lists for different goods under GST. This is to inform buyers about the reductions in the price of products after the implementation of GST.
The Society of Indian Automobile Manufacturers held meetings with three state governments in recent weeks. The state government of Maharashtra, Gujarat and Karnataka assured the SIAM members that they will stick to their earlier commitments.
GST dues of any state are due after the centre it said and certain state governments still need to submit the AGs authenticated certificate for the release of their funds of share. Union Finance Minister Nirmala Sitharaman while answering the supplementary question in Rajya Sabha remarked the narrative that GST dues are left from the […]
A recent report has brought attention to the current status of state finances, emphasizing the persistent deficit in budget revenue. The report underscores that this deficit is causing limitations in capital outlay, particularly impacting the allocation of funds for developing assets. Furthermore, the report highlights the necessity of rationalizing the goods and services tax (GST) […]
A Division Bench of the Supreme Court recently rendered a significant decision on appeals arising from judgments of the Telangana, Gujarat, and Bombay High Courts. These appeals concerned the validity of the VAT Amendment Act in their respective states, particularly in the context of Section 19 of the Constitution (101st Amendment) Act of 2016. This […]
For enabling the setting of the appellate tribunal with its principal bench in Delhi, the state government has been questioned by the centre to approve the revisions of their respective GST laws. By December, the tribunal shall secure the benches within the states. In March the Parliament would provide its nod to revise the GST […]
The rise of the tax in the GST regime would have been rectified for the central government but it does not rectify for the states yet a working paper via the National Institute of Public Finance and Policy (NIPFP) elaborated. Sacchidananda Mukherjee who is a professor at the autonomous research institute under the Ministry of […]
In the delay of Goods and Services Tax (GST) compensation to some states the Union Finance minister, Nirmala Sitharaman has attributed to the unavailability of Accountant General (AG)’s authenticated certificates. As per the Finance minister, within the statute, AG’s certification is mandatory between the Centre, states, and the AG (accountant general), and it is an […]
