Tag: GST Council
Hope To Soon Resolve Issues With GST: Jaitley
Union Finance Minister Arun Jaitley on Wednesday said that he hoped that the critical issues of dual control and cross-empowerment in the Goods and Services Tax (GST) will get resolved over the next few weeks.....
GST Council's 9th Meet Fails To Break Dual Control Deadlock
The possibility of implementing the Goods and Services Tax (GST) by the Centre's targeted deadline of April 1, 2017, has receded with the ninth meeting of the GST Council here failing to agree on the contentious issue of administrative control of GST, Kerala Finance Minister Thomas Isaac said on Monday.....
GST Bills To Be Placed In Parliament This Week
The Goods and Services Tax (GST) enabling bills will be placed in Parliament for approval this week itself, Minister of State for Finance Arjun Ram Meghwal said on Thursday.....
No Discussion On Extending GST Roll-out Beyond July 1: FinMin
The government is not thinking of extending the roll-out date of the Goods and Services Tax (GST) beyond July 1, and businesses and traders must ensure preparedness by then, the Finance Ministry said on Thursday.....
Rajya Sabha Passes Four GST Bills
The Rajya Sabha on Thursday passed four bills related to the implementation of the pan-India Goods and Services Tax.....
GST Council Proposes Cashback Incentive To Promote Digital Payments
The Goods and Services Tax (GST) Council in its meeting on Saturday decided to start a pilot project to give cashbacks to consumers in order to incentivise digital payments in the country.....
Petroleum Under GST, But Will Apply After States Agree: Jaitley
Petroleum products, which will be within the purview of the Goods and Services Tax (GST) slated to be implemented from July 1, would, however, continue to be taxed as per the current taxation regime until the GST Council agrees on applying GST to these products, Finance Minister Arun Jaitley said on Thursday.....
Congress FMs Expose GST Flaws: Chidambaram
Former Union Minister P. Chidambaram on Friday said the letter of finance ministers of Congress-ruled states has exposed the structural flaws in the design and implementation of the Goods and Services Tax (GST).....
GST Council Slashes Tax On EVs And EV Chargers
Close on the heels of Union Budget providing tax relief for buying electric vehicles, the GST Council in its 36th meeting on Saturday cut the tax on electric vehicles (EV) from 12 per cent to 5 per cent effective August 1, 2019.....
Centre Releases Rs 75,000 Crore To States & UTs As GST Compensation Shortfall
The Central Government on Thursday said it has released Rs 75,000 crore to the States and Union Territories to compensate them for the shortfall in GST revenue. At the 43rd GST Council Meeting held on May 28, it was decided that the Centre would borrow Rs 1.59 lakh crore and release it to States and UTs to meet the resource gap due to the short release of compensation on account of the inadequate amount in the compensation fund. ....
