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'50% Relief Borne By States': MK Stalin Slams PM Modi Over Delayed GST Cuts
Tamil Nadu Chief Minister MK Stalin on Monday took on Prime Minister Narendra Modi over the timing of the Goods and Services Tax (GST) cuts, accusing the Union government of denying states their rightful funds.
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'States Likely To Lose Rs 1.5 Lakh Crore Due To GST 2.0': Karnataka Minister To NDTV
Karnataka Revenue Minister Krishna Byre Gowda said that while he supports the new GST structure that came into effect on Monday, it is likely to cause a revenue loss of at least 1 to 1.5 lakh crores to states.
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"Prioritise Manufacturing, Atmosphere For Investment": PM Modi's Message For States
The Goods and Services Tax (GST) reforms, which kick in tomorrow, are a "double bonanza" for the poor, neo-middle class and the middle class, underlined Prime Minister Narendra Modi in an address to the nation on Sunday.
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Can Liquor Come Under GST? What Nirmala Sitharaman Told NDTV
Including liquor for human consumption within the GST ambit - as opposed to it being covered by state excise duties and Value Added Tax - is "entirely dependent" on decisions taken by individual states, Finance Minister Nirmala Sitharaman said.
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"Not Sitting With Huge Suitcase...": N Sitharaman On GST Compensation Demands
Responding to complaints from states that they will not be compensated for losses in revenue, if any, from the GST reforms, Nirmala Sitharaman has said the decision was taken by consensus in the GST council.
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At NDTV GST Conclave, BJP And Opposition Differ On Compensation, Responsibility
The finance minister of Punjab and Jharkhand and the industries minister of Delhi ensured a spirited start to the NDTV GST Conclave on Tuesday, with their panel discussion on 'Matters of States' witnessing a heated debate on the GST reforms.
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'Doing Business Feels Like Punishment': Reddit User's Rant About GST Nightmare Viral
A Reddit user stated that doing business in India felt like a punishment, owing to recent hassles involving GST.
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GST Reforms To Cause Rs 3,700 Crore Revenue Loss To Government: SBI Report
The State Bank of India (SBI), in its latest research report, said that reforms in GST through a reduction in rates will cause a minimal revenue loss of Rs 3,700 crore.
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Congress' Post On Bihar, Bidis Sparks Row, BJP Calls It "Insult To Entire State"
In a now-deleted post on X, the Congress said that "Bidis and Bihar start with B" and "cannot be considered a sin anymore", referring to the GST cut on the tobacco product.
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"States Need To Be Compensated For Revenue Losses": P Chidambaram On GST Move
P Chidambaram -- Congress's former Union Minister who handled the finance portfolio -- said today that while the rationalisation of the Goods and Services Tax law is welcome, it is eight years too late.
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GST Revamp: How Opposition-Ruled States Came On Board
The rationalisation of Goods and Services tax, done eight years after the flagship reforms were initiated, took place after a clear directive from Prime Minister Narendra Modi delivered from the ramparts of the Red Fort on Independence Day.
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GST Reforms Structural, Will Benefit Middle Class, Farmers: Nirmala Sitharaman
GST reforms are not just for rationalising rates but structural too, Nirmala Sitharaman said on Wednesday, adding that the decision of the GST Council has been taken with full consensus and all ministers supported rate rationalisation.
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Opposition States Seek Compensation For Revenue Loss Due To GST Reform Proposal
Opposition-ruled states on Friday said the Centre's proposal for GST rate reforms could result in a revenue loss of about Rs 1.5 crore to Rs 2 lakh crore and demanded compensation for the losses incurred by them.
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GST Council To Hold 2-Day Meeting On September 3-4 To Discuss Key Reforms
The high-powered GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on September 3-4 to discuss moving to a two-slab taxation.
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Key Panel Accepts Centre's Proposal To Move To 2 GST Slabs, Down From 4
A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre's plan to reduce the number of tax slabs.
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'50% Relief Borne By States': MK Stalin Slams PM Modi Over Delayed GST Cuts
Tamil Nadu Chief Minister MK Stalin on Monday took on Prime Minister Narendra Modi over the timing of the Goods and Services Tax (GST) cuts, accusing the Union government of denying states their rightful funds.
-
'States Likely To Lose Rs 1.5 Lakh Crore Due To GST 2.0': Karnataka Minister To NDTV
Karnataka Revenue Minister Krishna Byre Gowda said that while he supports the new GST structure that came into effect on Monday, it is likely to cause a revenue loss of at least 1 to 1.5 lakh crores to states.
-
"Prioritise Manufacturing, Atmosphere For Investment": PM Modi's Message For States
The Goods and Services Tax (GST) reforms, which kick in tomorrow, are a "double bonanza" for the poor, neo-middle class and the middle class, underlined Prime Minister Narendra Modi in an address to the nation on Sunday.
-
Can Liquor Come Under GST? What Nirmala Sitharaman Told NDTV
Including liquor for human consumption within the GST ambit - as opposed to it being covered by state excise duties and Value Added Tax - is "entirely dependent" on decisions taken by individual states, Finance Minister Nirmala Sitharaman said.
-
"Not Sitting With Huge Suitcase...": N Sitharaman On GST Compensation Demands
Responding to complaints from states that they will not be compensated for losses in revenue, if any, from the GST reforms, Nirmala Sitharaman has said the decision was taken by consensus in the GST council.
-
At NDTV GST Conclave, BJP And Opposition Differ On Compensation, Responsibility
The finance minister of Punjab and Jharkhand and the industries minister of Delhi ensured a spirited start to the NDTV GST Conclave on Tuesday, with their panel discussion on 'Matters of States' witnessing a heated debate on the GST reforms.
-
'Doing Business Feels Like Punishment': Reddit User's Rant About GST Nightmare Viral
A Reddit user stated that doing business in India felt like a punishment, owing to recent hassles involving GST.
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GST Reforms To Cause Rs 3,700 Crore Revenue Loss To Government: SBI Report
The State Bank of India (SBI), in its latest research report, said that reforms in GST through a reduction in rates will cause a minimal revenue loss of Rs 3,700 crore.
-
Congress' Post On Bihar, Bidis Sparks Row, BJP Calls It "Insult To Entire State"
In a now-deleted post on X, the Congress said that "Bidis and Bihar start with B" and "cannot be considered a sin anymore", referring to the GST cut on the tobacco product.
-
"States Need To Be Compensated For Revenue Losses": P Chidambaram On GST Move
P Chidambaram -- Congress's former Union Minister who handled the finance portfolio -- said today that while the rationalisation of the Goods and Services Tax law is welcome, it is eight years too late.
-
GST Revamp: How Opposition-Ruled States Came On Board
The rationalisation of Goods and Services tax, done eight years after the flagship reforms were initiated, took place after a clear directive from Prime Minister Narendra Modi delivered from the ramparts of the Red Fort on Independence Day.
-
GST Reforms Structural, Will Benefit Middle Class, Farmers: Nirmala Sitharaman
GST reforms are not just for rationalising rates but structural too, Nirmala Sitharaman said on Wednesday, adding that the decision of the GST Council has been taken with full consensus and all ministers supported rate rationalisation.
-
Opposition States Seek Compensation For Revenue Loss Due To GST Reform Proposal
Opposition-ruled states on Friday said the Centre's proposal for GST rate reforms could result in a revenue loss of about Rs 1.5 crore to Rs 2 lakh crore and demanded compensation for the losses incurred by them.
-
GST Council To Hold 2-Day Meeting On September 3-4 To Discuss Key Reforms
The high-powered GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on September 3-4 to discuss moving to a two-slab taxation.
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Key Panel Accepts Centre's Proposal To Move To 2 GST Slabs, Down From 4
A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre's plan to reduce the number of tax slabs.
