Lok Sabha polls | For MSMEs, GST is a concern that parties must address this election season
8 months, 2 weeks ago

Lok Sabha polls | For MSMEs, GST is a concern that parties must address this election season

The Hindu  

More than six years since the Narendra Modi regime rolled out the Goods and Services Tax, the issue remains a bone of contention in several MSME clusters in different parts of the country, including in Tamil Nadu. “If these units do well, all those who depend on it will benefit,” Sudhir Jha, national convenor, All India Manufacturers Organisation and vice president of the MSME Development Forum, said. “MSMEs do not have the resources or understanding of GST mainly because most of these units are run by a single person,” he said. In the MSME clusters in Coimbatore in Tamil Nadu and Ludhiana in Punjab, industrial associations have submitted their demands related to GST to candidates contesting the elections in the respective constituencies. B. Kandavel, organising secretary of the Federation of Tamil Nadu Powerlooms Associations, said they had submitted a memorandum to the BJP on the GST refund pending for looms weaving viscose fabric.

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History of this topic

Top News on Dec 1: GST collection rises, Andhra dissolves Waqf board, Kejriwal rules out alliance in Delhi polls, more
3 weeks, 1 day ago

Top News on Dec 1: GST collection rises, Andhra dissolves Waqf board, Kejriwal rules out alliance in Delhi polls, more

Live Mint  

From increase in GST collection to Andhra govt dissolving Waqf board to killing of 7 Maoists to Donald Trump picking loyalist Kash Patel as his new FBI director, here are today's top stories. GST collection for November rises by 8.5% to ₹ 1.82 lakh crore The goods and service tax collection for the month of November rose 8.5 per cent …

GST Council To Meet In Jaisalmer On Dec 21; Key Decisions On Insurance And Rate Cuts Likely
1 month ago

GST Council To Meet In Jaisalmer On Dec 21; Key Decisions On Insurance And Rate Cuts Likely

ABP News  

The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, is scheduled for December 21 in Jaisalmer, Rajasthan. The council, comprising state finance ministers, is expected to deliberate on major tax policy changes, including a decision on exempting or reducing GST rates on health and life insurance policies. Following discussions last month, the GoM has proposed …

Lok Sabha Elections Highlights | Phase 3 voting ends; Rahul Gandhi criticises PM Modi, alleging he wanted to hand over ‘Jal, Jungle, Jameen’ belonging to tribals to industrialists
7 months, 2 weeks ago

Lok Sabha Elections Highlights | Phase 3 voting ends; Rahul Gandhi criticises PM Modi, alleging he wanted to hand over ‘Jal, Jungle, Jameen’ belonging to tribals to industrialists

The Hindu  

A voter turnout of 60.19% was recorded till 5 p.m. in the third phase of Lok Sabha elections in 93 constituencies spread over 11 States and Union Territories on Tuesday with sporadic incidents of violence in West Bengal. Congress leader Rahul Gandhi announced on May 7 that the Agniveer scheme would be abolished if the INDIA bloc is voted to …

Lok Sabha election 2024 live updates: BJP poll manifesto to be released on April 14
8 months, 1 week ago

Lok Sabha election 2024 live updates: BJP poll manifesto to be released on April 14

The Hindu  

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Lok Sabha Polls: ’Caste census, MSP’ to take centre stage in Congress manifesto
9 months, 3 weeks ago

Lok Sabha Polls: ’Caste census, MSP’ to take centre stage in Congress manifesto

Live Mint  

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BJP Government Did Not Rectify Injustice Meted out To Karnataka Alleges CM In His Budget
10 months, 1 week ago

BJP Government Did Not Rectify Injustice Meted out To Karnataka Alleges CM In His Budget

Deccan Chronicle  

Bengaluru: Chief Minister Siddaramaiah pointed out that Central Government led by Bharatiya Janata Party had meted out three injustices to States including Karnataka such as “unscientific” implementation of Goods and Services Tax, increase in Cesses and Surcharges and change in allocation of formula in tax devolution and grants-in-aid, adversely affected the financial strength of the State. Siddaramaiah accused the previous …

Lok Sabha passes GST Bills to levy 28% tax on e-gaming, casinos
1 year, 4 months ago

Lok Sabha passes GST Bills to levy 28% tax on e-gaming, casinos

Hindustan Times  

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Maharashtra to raise traders' concern after Centre brings changes in GST rules
1 year, 5 months ago

Maharashtra to raise traders' concern after Centre brings changes in GST rules

India Today  

Senior Congress leader and MLA Prithviraj Chavan objected to the Centre’s decision to bring the Goods and Service Tax Network under the purview of the Prevention of Money Laundering Act, which would permit the Enforcement Directorate to probe the matters linked to the GST. Replying to Chavan’s question, Maharashtra Finance Minister Ajit Pawar said he would raise the issue in …

GST has been a gamechanger for India’s economy
1 year, 5 months ago

GST has been a gamechanger for India’s economy

Live Mint  

Ahead of the launch of the goods and services tax on 1 July 2017, this newspaper on 6 June 2017 had published my piece titled ‘Indian GST: Unparalleled Tax Reform’ in which I had highlighted the unique features of India's GST regime such as the Dual GST structure; Integrated GST mechanism; invoice matching; single digital interface and the establishment of …

Will change GST structure if...: Rahul Gandhi in Karnataka
1 year, 7 months ago

Will change GST structure if...: Rahul Gandhi in Karnataka

India Today  

Congress leader Rahul Gandhi, on his two-day visit to Karnataka to campaign for the upcoming election, slammed the central government for ignoring the plight of the farmers. The focus is on one or two industrialists these days and that must change for farmers to benefit, Rahul Gandhi said. If you wave off loans of big industrialists, then wave off loans …

Highlights from the Lok Sabha Question Hour
2 years, 4 months ago

Highlights from the Lok Sabha Question Hour

The Hindu  

During Question Hour in Parliament, which is in the midst of its monsoon session, Ministers answer questions posed by other Members of Parliament on administrative issues. This week, Lok Sabha members revealed several noteworthy data nuggets, eight of which are discussed below: Share of electric vehicles in India There were 13,34,385 electric vehicles in India as of July 14, 2022. …

GST rules explained for MSMEs | All you need to know
2 years, 7 months ago

GST rules explained for MSMEs | All you need to know

India Today  

A casual discourse about the direction of the Indian economy would always include within its purview the burgeoning rise of MNCs. However, data from the MSME ministry suggests that India has over 6.3 crore micro, small and medium enterprises, which generate roughly 29 per cent of the country's gross domestic product through domestic and foreign trade. Small and medium-sized businesses …

GST Council meeting on Friday; tax concession to 11 COVID drugs, bringing petrol and diesel under GST on cards
3 years, 3 months ago

GST Council meeting on Friday; tax concession to 11 COVID drugs, bringing petrol and diesel under GST on cards

Firstpost  

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Tamil Nadu opposing ‘one state, one vote’ in GST council opens Pandora's Box
3 years, 6 months ago

Tamil Nadu opposing ‘one state, one vote’ in GST council opens Pandora's Box

Op India  

The passing of the 101st amendment of the constitution by parliament in August 2016 and its subsequent ratification by states led to the Goods and Service Tax regime in India. One is not sure what exactly transpired during the meeting but the Tamil Nadu Finance Minister’s clarification on Twitter seemed to suggest that he was unhappy with the idea of …

Top news of the day December 5 2020
4 years ago

Top news of the day December 5 2020

The Hindu  

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‘Centre’s, RBI’s stand in SC on loans is a big blow to MSMEs’
4 years, 2 months ago

‘Centre’s, RBI’s stand in SC on loans is a big blow to MSMEs’

The Hindu  

The Consortium of Indian Associations termed as a ‘big blow’ to micro, small and medium-sized enterprises the RBI’s affidavit in the Supreme Court pleading for vacating its stay order on the classification of NPA and the Centre ruling out further relief measures under the loan moratorium scheme. In a statement, he said, “The lockdown was implemented suddenly in national interest …

₹1.51 Lakh Crore GST Compensation Due To States; GDP Contraction, Lockdown, Etc., Reasons For Revenue Shortfall: Centre Tells Lok Sabha
4 years, 3 months ago

₹1.51 Lakh Crore GST Compensation Due To States; GDP Contraction, Lockdown, Etc., Reasons For Revenue Shortfall: Centre Tells Lok Sabha

Live Law  

The GST compensation due to states stands at over ₹1.51 lakh crore, said the Union Ministry of Finance on Monday in the Lok Sabha.The Ministry said that the nominal GDP for Q1, 2020-21 shows a contraction of 22.6% which is one of the major reasons for the revenue shortfall in GST. The GST compensation due to states stands at over …

Congress to Revise Goods and Services Tax Structure in Centre: Rahul Gandhi
6 years, 10 months ago

Congress to Revise Goods and Services Tax Structure in Centre: Rahul Gandhi

Deccan Chronicle  

Congress President Rahul Gandhi has stated that the party will change the structure of the Goods and Services Tax (GST) if it is voted to power in the Centre. Gandhi was addressing an event in poll-bound Meghalaya and spoke about the need to balance the number of men and women fielded in the election.

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