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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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Centre, States Equal Stakeholder In GST, Revenues Shared Equally: Report
Amid news regarding the impact of the 'Next Gen GST', government sources clarified that the Centre is an equal partner in revenue sharing with the states and that its proposal anticipates a revenue boost over time, driven by increased consumption.
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PM Modi Urges States To Cooperate In Implementing Proposed GST Reforms
Prime Minister Narendra Modi on Sunday said the Centre has circulated the draft of the next-generation GST reforms among states and sought their cooperation to implement the proposal before Diwali.
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"Tamil Nadu Will Be Hit Harder": MK Stalin On Trump Tariffs
Tamil Nadu Chief Minister M K Stalin has written to Prime Minister Narendra Modi, warning that the steep US tariff hikes on Indian imports could deal a crippling blow to the state's export-driven economy.
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Probe Agency ED Raids 12 Places Over 730 Crore GST Fraud Case
The Enforcement Directorate (ED) conducted extensive search operations on Thursday at 12 locations spread across Jharkhand, West Bengal, and Maharashtra in connection with a case linked to fraudulent GST invoices.
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Himachal Invokes Kyoto Protocol To Demand GST Compensation From Centre
The Himachal Pradesh government on Saturday urged the Centre to make some arrangement for hilly states in lieu of the revenue loss due to GST implementation and sought compensation on the pattern of the Kyoto protocol.
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Nitin Gadkari Wants States To Consider Cutting GST On Flex-Fuel Vehicles
Union Minister Nitin Gadkari on Monday said state finance ministers should consider reducing Goods and Services Tax (GST) on flex-fuel vehicles to 12 per cent in the GST Council meeting.
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At Key GST Meet, States Request Rate Cut On Health Insurance Premiums
Bihar Deputy Chief Minister Samrat Chaudhary was appointed as the convenor of the Group of Ministers on GST rate rationalisation.
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"Drama": Finance Minister Rubbishes Objections To Tax On Insurance Premium
Union finance minister Nirmala Sitharaman, targetted by her critics over the 18 per cent GST on life and medical insurance premiums, retorted today that leaders having objection should first have consulted their state finance ministers.
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How Can Fuel Prices Come Down? What Nirmala Sitharaman Told NDTV
Petrol and diesel could be taxed under GST (Goods and Services Tax) rather than VAT (Value Added Tax) if state governments agree to the proposal and fix a suitable rate, Finance Minister Nirmala Sitharaman told NDTV Profit Friday.
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Gujarat Cops File Case Over Deepfake Video Of Nirmala Sitharaman
Gujarat Police has registered an FIR against a person for sharing a deepfake video of Union Finance Minister Nirmala Sitharaman on GST, state minister Harsh Sanghavi said on Tuesday.
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GST Rates Changed For Some Products And Services: See List
Union Finance Nirmala Sitharaman chaired pre-Budget consultations with finance ministers of states and Union Territories to take their views. It was followed by the 53rd meeting of the GST (Goods and Services Tax) Council today.
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Union Minister's Challenge Amid "Separate Country", Centre-State Funds Row
Union Minister V Muraleedharan on Thursday launched a two-for-one attack on the ruling Left Front in Kerala and the Congress, accusing the former of mishandling the state economy and the latter of having lost the peoples' trust.
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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.
-
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.
-
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.
-
Centre, States Equal Stakeholder In GST, Revenues Shared Equally: Report
Amid news regarding the impact of the 'Next Gen GST', government sources clarified that the Centre is an equal partner in revenue sharing with the states and that its proposal anticipates a revenue boost over time, driven by increased consumption.
-
PM Modi Urges States To Cooperate In Implementing Proposed GST Reforms
Prime Minister Narendra Modi on Sunday said the Centre has circulated the draft of the next-generation GST reforms among states and sought their cooperation to implement the proposal before Diwali.
-
"Tamil Nadu Will Be Hit Harder": MK Stalin On Trump Tariffs
Tamil Nadu Chief Minister M K Stalin has written to Prime Minister Narendra Modi, warning that the steep US tariff hikes on Indian imports could deal a crippling blow to the state's export-driven economy.
-
Probe Agency ED Raids 12 Places Over 730 Crore GST Fraud Case
The Enforcement Directorate (ED) conducted extensive search operations on Thursday at 12 locations spread across Jharkhand, West Bengal, and Maharashtra in connection with a case linked to fraudulent GST invoices.
-
Himachal Invokes Kyoto Protocol To Demand GST Compensation From Centre
The Himachal Pradesh government on Saturday urged the Centre to make some arrangement for hilly states in lieu of the revenue loss due to GST implementation and sought compensation on the pattern of the Kyoto protocol.
-
Nitin Gadkari Wants States To Consider Cutting GST On Flex-Fuel Vehicles
Union Minister Nitin Gadkari on Monday said state finance ministers should consider reducing Goods and Services Tax (GST) on flex-fuel vehicles to 12 per cent in the GST Council meeting.
-
At Key GST Meet, States Request Rate Cut On Health Insurance Premiums
Bihar Deputy Chief Minister Samrat Chaudhary was appointed as the convenor of the Group of Ministers on GST rate rationalisation.
-
"Drama": Finance Minister Rubbishes Objections To Tax On Insurance Premium
Union finance minister Nirmala Sitharaman, targetted by her critics over the 18 per cent GST on life and medical insurance premiums, retorted today that leaders having objection should first have consulted their state finance ministers.
-
How Can Fuel Prices Come Down? What Nirmala Sitharaman Told NDTV
Petrol and diesel could be taxed under GST (Goods and Services Tax) rather than VAT (Value Added Tax) if state governments agree to the proposal and fix a suitable rate, Finance Minister Nirmala Sitharaman told NDTV Profit Friday.
-
Gujarat Cops File Case Over Deepfake Video Of Nirmala Sitharaman
Gujarat Police has registered an FIR against a person for sharing a deepfake video of Union Finance Minister Nirmala Sitharaman on GST, state minister Harsh Sanghavi said on Tuesday.
-
GST Rates Changed For Some Products And Services: See List
Union Finance Nirmala Sitharaman chaired pre-Budget consultations with finance ministers of states and Union Territories to take their views. It was followed by the 53rd meeting of the GST (Goods and Services Tax) Council today.
-
Union Minister's Challenge Amid "Separate Country", Centre-State Funds Row
Union Minister V Muraleedharan on Thursday launched a two-for-one attack on the ruling Left Front in Kerala and the Congress, accusing the former of mishandling the state economy and the latter of having lost the peoples' trust.
