Tag Archives: GST Council

Speaking at the 18th edition of the Hindustan Times Leadership Summit, Sitharaman appeared to suggest that apart from the economic downturn before and after the pandemic, frequent adjustments in GST rates negatively affected revenue collection. “Ideally, I have been requesting that the council not decide at each of its sessions …

The Kerala government canceled a meeting on Saturday to discuss legal options to resolve the goods and services tax (GST) offset problem with the Center, days after the Union’s finance minister, Nirmala Sitharaman, clarified that the central government will borrow ₹ 1.1 lakh crore from the market. on behalf of …

With the Center agreeing to borrow ₹ 1.1 lakh crore from a special window of the Reserve Bank of India and re-lend it to states, some of the seven states that have not yet accepted the plan are now able to sign it, the Government officials with direct knowledge of …

One day after the Center announced that it would borrow Rs 1.1 lakh crore on behalf of the states, to the relief of the states as they now do not have to borrow to pay the GST compensation deficit, Finance Minister Nirmala Sitharaman He wrote everyone affirms explaining the change …

A meeting of the Council on Goods and Services Tax (GST) on Monday ended once again without any conclusion and the stagnation in compensation to states for the deficit in their share of indirect tax revenue continues, the finance minister said. of the Union, Nirmala Sitharaman. Nirmala Sitharaman’s comments came …

NEW DELHI: The states ruled by the Center and the Opposition are set for another showdown on Monday when the GST Council meets to discuss the constitutionally required goods and services tax (GST) offset for state governments for fiscal year 21 . The central government is in a bind as …

The Goods and Services Tax Council (GST) on Monday was unable to resolve the compensation issue and postponed the matter for the next meeting to be held on October 12. However, the Council made other decisions that will have an impact on companies. Consulting firm EY India summarizes the other …

“Cessation of compensation collection will extend beyond the five-year transition period, that is, beyond June 2022, for as long as is necessary to fill the income gap. More details for work,” said the ministry in a statement. While 21 states, mostly governed by the Bhartiya Janata Party or parties that …

NEW DELHI: The 42nd meeting of the federal tax body, the Goods and Services Tax Council (GST), is underway via videoconference, primarily to discuss how to fill the deficit in state tax revenue. Mint takes a look at the key issues on the table. What is Monday’s Council meeting about? …

NEW DELHI: The GST Council Meeting Monday can become a stormy affair, as states not ruled by the BJP are still at odds with the Center on the issue of compensation. While 21 states, mostly governed by Bjp or the parties that have supported him on issues, had opted until …