GST council

GST Council meet ends without reaching consensus on compensating states

GST Council meet ends without reaching consensus on compensating states

The panel, which is the highest decision-making body on indirect taxes, for the second time in a week failed to reach a consensus on the ...Read More

GST Council to discuss compensation cess today

GST Council to discuss compensation cess today

The last meeting of the Council a week back did not result in any consensus among the states as although around 20 states opted for the f...Read More

Rs 20K Cr GST cess is being released

Rs 20K Cr GST cess is being released

The Centre will disburse a compensation cess amounting to Rs 20,000 crores, which is due to state governments for this year, on Monday ni...Read More

Rs 20,000 crore collected under compensation cess to be disbursed to states tonight: Sitharaman

Rs 20,000 crore collected under compensation cess to be disbursed to states tonight: Sitharaman

Finance Minister Nirmala Sitharaman on Monday said that the Centre will tonight release Rs 20,000 crore that has been collected under the...Read More

GST Council fails to reach consensus on compensating states

GST Council fails to reach consensus on compensating states

A crucial meeting of the GST Council on Monday failed to reach a consensus on ways to compensate states as the panel was split on politic...Read More

Stormy GST Council meet likely on Monday; non-BJP states to oppose Centre's borrowing option

Stormy GST Council meet likely on Monday; non-BJP states to oppose Centre's borrowing option

While as many as 21 states, mostly ruled by BJP or parties which have supported it on issues, had till mid-September opted to borrow Rs 9...Read More

‘Who played God?’: Amit Mitra lashes out at Centre over GST proposal

‘Who played God?’: Amit Mitra lashes out at Centre over GST proposal

The Trinamool Congress (TMC) rejected the BJP-led Centre’s GST proposal at the 41st GST council meeting on Thursday which was done throu...Read More

Teji Mandi: Three things investors should know on August 28th, 2020

Teji Mandi: Three things investors should know on August 28th, 2020

#Teji- India allows 74% FDI in defense manufacturing: PM Modi Prime Minister Narendra Modi announced to allow 74% foreign direct investme...Read More

Centre absolves itself of any responsibility to compensate states for GST shortfall, tells them to borrow from RBI

Centre absolves itself of any responsibility to compensate states for GST shortfall, tells them to borrow from RBI

Under the law that governs GST, states have been guaranteed payment for loss of revenue in the first five years since the tax regime came...Read More

GST Council meeting debates revenue shortfall of states

GST Council meeting debates revenue shortfall of states

A crucial meeting of the GST Council on compensating states for revenue shortfall began on Thursday with the states ruled by non-NDA part...Read More

Finance Minister Nirmala Sitharaman to chair 41st GST Council today

Finance Minister Nirmala Sitharaman to chair 41st GST Council today

Finance Minister Nirmala Sitharaman will chair the 41st GST Council meeting on Thursday via video conferencing. The meeting will be atten...Read More

GST Council meet today may see fireworks over revenue

GST Council meet today may see fireworks over revenue

The 41st meeting of the Goods and Services Tax (GST) Council, to be held via video conferencing, has just one agenda for discussion -- ma...Read More

Centre not under obligation to pay for shortfall in GST compensation fund: AG

Centre not under obligation to pay for shortfall in GST compensation fund: AG

New Delhi: The Attorney General has opined that there is no obligation on the central government to pay the GST compensation shortfall to...Read More

GST Council gives more time to taxpayers to revive cancelled registration

GST Council gives more time to taxpayers to revive cancelled registration

Accordingly, the council, which met under the chairmanship of Finance Minister Nirmala Sitharaman through video conference, decided to al...Read More

Centre trying to put the cart before the horse: Kerala FM Issac

Centre trying to put the cart before the horse: Kerala FM Issac

An eminent economics scholar and a former professor, Issac expressed his anguish in the Centre trying to set new precedence to take away ...Read More

Looking to buy that new Redmi or POCO? Here's why they're going to cost more

Looking to buy that new Redmi or POCO? Here's why they're going to cost more

Briefing reporters after the 39th GST Council meeting, she said Infosys Chairman Nandan Nilekani made a detailed presentation for the tra...Read More

Budget 2020: Coherent economic game plan expected

Budget 2020: Coherent economic game plan expected

Indian economy is in an undeniable slowdown mode, which is specific and not associated with either high inflation or falling Sensex or se...Read More

GST Council sets up 'Grievance Redressal Committee' to address issues

GST Council sets up 'Grievance Redressal Committee' to address issues

The GST Council in its 38th meeting held on December 18 has decided of setting up the “Grievance Redressal Committee” (GRC) at the Zone a...Read More

GST Council fixes 28 pc uniform tax rate for lottery

GST Council fixes 28 pc uniform tax rate for lottery

Decisions in the previous 37 meetings of the GST Council, headed by the Union Finance Minister and comprising representatives of all stat...Read More

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