Tag Archives: GST

Congress will formulate its strategy for Parliament’s monsoon session, which begins September 14, in a meeting on Tuesday. The party parliament strategy group meeting will be chaired by Congress Speaker Sonia Gandhi and will be attended by Rahul Gandhi, Ghulam Nabi Azad, Anand Sharma, AK Antony, Ahmed Patel, Jairam Ramesh, …

Union Minister of Heavy Industries and Public Enterprises, Prakash Javadekar, said on Friday that the central government is looking into the auto industry’s recommendation for a reduction in GST rates by 10% in all categories of vehicles. The announcement will be made soon, he added. Speaking at the 60th Annual …

In an attempt to save resources for “priority schemes”, the Finance Ministry issued a detailed list on spending management on Friday. “In the context of the current fiscal situation and the consequent pressure on government resources, there is a need for greater economy and rationalization of non-priority spending …”, the …

Over the past few weeks, there has been a heated discussion between the central and state governments about offsetting the goods and services tax (GST). The Center had assured states compensation for any shortfall in tax collection through 2022. Mint explores the issue. Why is tax revenue so stressed? Tax …

The Center’s suggestion that states borrow to cover the revenue shortfall in the Goods and Services Tax (GST) has run into some turmoil and some states governed by non-Bharatiya Janata Party (BJP) parties reject both. options presented to them. West Bengal, Kerala, Delhi and Punjab have opposed the plan. The …

Tamil Nadu Prime Minister Edappadi K Palaniswami CHENNAI: Tamil nadu chief minister Edappadi K Palaniswami Monday placed the responsibility in the Center to “borrow” to make up for the GST deficit of the states. In a letter to Prime Minister Narendra Modi, the Prime Minister said that the Center has …

The uncontrolled spread of the coronavirus pandemic across the country has put India’s economy, society and politics under unprecedented strain. A glimpse of the scale of the economic destruction caused was revealed at the 41st meeting of the GST (Goods and Services Tax) Council, where the deficit in compensation payment …

Calcutta: West Bengal Finance Minister Amit Mitra said on Sunday that the Center’s suggestion to states to borrow to cover the shortfall in goods and services tax (GST) revenue is “totally unacceptable” as it would destroy its financial health and would lead to the “raw power of centralism. At the …

New Delhi: After mocking Finance Minister Nirmala Sitharaman for her comment on an “act of God”, former Union Minister P Chidambaram sarcastically called her “God’s messenger” on Saturday and asked how “mismanagement should be described. of the economy before the pandemic “. “If the pandemic is an ‘act of God’, …

GST: States have been asking the center to pay their taxes on goods and services New Delhi: In a letter to states, the center promised it would eliminate its GST quotas despite the massive shortfall in GST tax collections amid the coronavirus pandemic, a situation that has been described as …