GST: Revenue Leakage A Big Disappointment, Says Kerala Finance Minister Thomas Isaac

GST: Revenue Leakage A Big Disappointment, Says Kerala Finance Minister Thomas Isaac – “We are collecting tax just on the basis of GSTR-3B which is a summary return of taxes paid. Unless the details of purchases and sales are given, how do we match? GSTR-2 was to be auto-generated from GSTR-1 and if there’s a mismatch, it is to be validated. This system is just non-existent,” Isaac pointed out. “I don’t even have the information to look into the tax returns filed by the taxpayers. I’m waiting for the annual return form to be filed.”

Government Sanctions Rs 30000-Crore GST Refunds To Exporters

Government Sanctions Rs 30000-Crore GST Refunds To Exporters

Gold Silver Reports (GSR) – Government Sanctions Rs 30000-Crore GST Refunds To Exporters — The government has sanctioned Goods and Services Tax refunds worth Rs 30,000 crore to exporters so far in lieu of input tax credit and integrated GST paid by them. Of the Rs 30,000 crore refunds, Rs 16,000 crore was refund for IGST paid, and Rs 14,000 crore was given as input tax credit to exporters, according to a finance ministry statement issued today. The input tax credit refund includes sanctions by both central and state governments.

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गोल्ड सेविंग स्कीम पर जीएसटी नियम बदला

Gold Silver Reports – Gold Saving Scheme – गोल्ड सेविंग स्कीम पर जीएसटी नियम बदला – ज्वेलर्स के यहां गोल्ड सेविंग्स स्कीम में हर महीने निवेश कर रहे हैं तो अब आपके लिए राहत की खबर है। ऐसी गोल्ड डिपॉजिट स्कीम्स पर अब हर महीने जीएसटी नहीं चुकाना पड़ेगा। इसकी जगह अब स्कीम पूरी होने के बाद या स्कीम बंद करते समय 3 फीसदी जीएसटी चुकाना होगा। जीएसटी काउंसिल का कहना है कि 3 फीसदी जीएसटी तभी लगेगा जब फाइनल बिल बनेगा।

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Company Earnings

Company Earnings Estimates Continue to be cut after September Quarter Results

Gold Silver Reports – Company Earnings Estimates Continue to be cut after September Quarter Results – Corporate earnings for the September quarter were largely a mixed bag. Among key sectors, consumer-focused companies were aided by restocking post goods and services tax (GST) roll out and an early festival season, but index heavy-weight banks lagged, impacted by higher-than-expected provisioning.

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