Tag Archives: GST council meeting

Congress Speaker Sonia Gandhi on Sunday criticized Prime Minister Narendra Modi, who led the union government, over the recent compensation controversy in the GST Council and said his denial will affect the functioning of state governments. Taking a firm stance, Gandhi said that this could be the “first example of …

NEW DELHI: On Monday, the GST Council failed to reach any consensus for the second time in a week on compensating states for the shortfall in GST collections. The meeting, chaired by Finance Minister Nirmala Sitharaman, was a continuation of the 42nd. GST Council Meeting held last week. Addressing the …

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: After joining states in the GST Council to extend the applicability of the offset tax on cars, coal and soft drinks beyond June 2022, the Center closed the room for further negotiations on Monday, arguing that the modalities Loan of funds may not be finalized by the panel …

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: Today’s GST Council meeting promises to be a stormy affair with the center and opposition-ruled states not only divided on compensation for a “shortfall” in collections, but also on the question of an authority dispute resolution driven by opposition-ruled states. Punjab first echoed the lawsuit shortly after the …

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 …