Goods And Services Tax Gst Council
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Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
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13 States Opt For Centre's "Borrow" Plan Amid GST Compensation Row
Thirteen states have given their borrowing options proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources in the Finance Ministry have said. Six more states - Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh - will give their option in a day or two...
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States Must Question Centre On GST Payout, Says NCP Leader
Maharashtra may be among the non-BJP-ruled states which raised alarm about delay in payment of GST compensation recently, NCP leader Dhananjay Munde claimed on Thursday and called for flagging the issue at the Centre's level.
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GST Revision 'Utterly Fails' To Solve Problems, Says Congress
Keeping up the pressure on the government for the disruption caused due to the Goods and Services Tax, the Congress on Saturday welcomed the "interim relief" cleared by the GST council yesterday but stressed the government had "utterly failed" to address the structural problems of the tax regime.
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SUVs, Luxury SUVs To Cost More As GST Council Approves Hike in Cess
The Goods and Service Council has approved Centre's request to increase the cess on SUVs and luxury SUVs to 25 per cent from 15 per cent.
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Bengal Finance Minister Amit Mitra Says Not Ready To Accept GST In Current Form
Three days before he heads to Delhi for a decisive Goods and Services Tax or GST Council meeting in New Delhi, Bengal finance minister and chairman of the Empowered Committee on GST, Amit Mitra, today raised a red flag in Kolkata on the reform.
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Government Hopeful Of Passing GST Bills In Second Leg Of Budget Session
Government is hopeful of getting the supporting legislations of Goods and Services Tax (GST) passed by parliament in the second phase of the Budget session for rolling out the new indirect tax regime by July.
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Goods And Services Tax (GST) Rollout Unlikely Before June-July
Rollout of the Goods and Services Tax (GST) regime may only be possible by June-July as the possibilities of meeting the April 1 deadline are bleak now in view of the GST Council's slow progress, some council members said on Tuesday.
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GST, After Smooth Ride So Far, Hits A Road Bump At Council Meet
Mega reform Goods and Services Tax, on a smooth run since it was unanimously approved by the Parliament last month, hit a road bump today at the second meeting of the GST council. Members did not agree on the minutes of the meeting and it was not adopted.
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GST Threshold Fixed At Rs 20 Lakh, Rate To Be Decided In October
In a big step forward on GST implementation, the Centre and states today reached an agreement on keeping traders with annual revenue of up to Rs 20 lakh out of the new national sales tax regime that will subsume all cesses.
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Centre, States Agree On Timetable For April 1 Roll Out Of GST
Moving towards rolling out GST from April 1, Centre and states today agreed on a timetable for deciding on the tax rate and completion of legislative work but differences remained on the turnover limit for exemption from the new tax.
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Government Geared Up To Meet April Deadline On GST Roll Out, Says Revenue Secretary
Government is moving ahead of its schedule and is fully geared up to roll out Goods and Services Tax (GST) from April 1 next year, Revenue Secretary Hasmukh Adhia said today.
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President Pranab Mukherjee Hopes Government Will Set Up GST Council Soon
With landmark Goods and Services Tax (GST) now a law, President Pranab Mukherjee on Saturday hoped the government will set up a GST Council soon and reduce cascading effect of indirect taxes.
-
Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
-
13 States Opt For Centre's "Borrow" Plan Amid GST Compensation Row
Thirteen states have given their borrowing options proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources in the Finance Ministry have said. Six more states - Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh - will give their option in a day or two...
-
States Must Question Centre On GST Payout, Says NCP Leader
Maharashtra may be among the non-BJP-ruled states which raised alarm about delay in payment of GST compensation recently, NCP leader Dhananjay Munde claimed on Thursday and called for flagging the issue at the Centre's level.
-
GST Revision 'Utterly Fails' To Solve Problems, Says Congress
Keeping up the pressure on the government for the disruption caused due to the Goods and Services Tax, the Congress on Saturday welcomed the "interim relief" cleared by the GST council yesterday but stressed the government had "utterly failed" to address the structural problems of the tax regime.
-
SUVs, Luxury SUVs To Cost More As GST Council Approves Hike in Cess
The Goods and Service Council has approved Centre's request to increase the cess on SUVs and luxury SUVs to 25 per cent from 15 per cent.
-
Bengal Finance Minister Amit Mitra Says Not Ready To Accept GST In Current Form
Three days before he heads to Delhi for a decisive Goods and Services Tax or GST Council meeting in New Delhi, Bengal finance minister and chairman of the Empowered Committee on GST, Amit Mitra, today raised a red flag in Kolkata on the reform.
-
Government Hopeful Of Passing GST Bills In Second Leg Of Budget Session
Government is hopeful of getting the supporting legislations of Goods and Services Tax (GST) passed by parliament in the second phase of the Budget session for rolling out the new indirect tax regime by July.
-
Goods And Services Tax (GST) Rollout Unlikely Before June-July
Rollout of the Goods and Services Tax (GST) regime may only be possible by June-July as the possibilities of meeting the April 1 deadline are bleak now in view of the GST Council's slow progress, some council members said on Tuesday.
-
GST, After Smooth Ride So Far, Hits A Road Bump At Council Meet
Mega reform Goods and Services Tax, on a smooth run since it was unanimously approved by the Parliament last month, hit a road bump today at the second meeting of the GST council. Members did not agree on the minutes of the meeting and it was not adopted.
-
GST Threshold Fixed At Rs 20 Lakh, Rate To Be Decided In October
In a big step forward on GST implementation, the Centre and states today reached an agreement on keeping traders with annual revenue of up to Rs 20 lakh out of the new national sales tax regime that will subsume all cesses.
-
Centre, States Agree On Timetable For April 1 Roll Out Of GST
Moving towards rolling out GST from April 1, Centre and states today agreed on a timetable for deciding on the tax rate and completion of legislative work but differences remained on the turnover limit for exemption from the new tax.
-
Government Geared Up To Meet April Deadline On GST Roll Out, Says Revenue Secretary
Government is moving ahead of its schedule and is fully geared up to roll out Goods and Services Tax (GST) from April 1 next year, Revenue Secretary Hasmukh Adhia said today.
-
President Pranab Mukherjee Hopes Government Will Set Up GST Council Soon
With landmark Goods and Services Tax (GST) now a law, President Pranab Mukherjee on Saturday hoped the government will set up a GST Council soon and reduce cascading effect of indirect taxes.
