GST Council to discuss compensation for states for third time tomorrow; decision on setting up group of ministers likely
In its previous meeting last week, the Council had decided to extend the surcharge on taxes on luxury goods beyond June 2022 but failed to reach a consensus on ways to compensate states for loss of tax revenue
The former finance minister said the states should not borrow as the liability to provide GST compensation as well as the onus to find resources fall on the Centre
Chief Ministers of six non-BJP ruled states — West Bengal, Kerala, Delhi, Telangana, Chhattisgarh and Tamil Nadu – have written to the Centre opposing the options which require states to borrow to meet shortfall
41st GST Council meeting: As fund crunch deepens, states likely to corner Centre over pending compensation
Ahead of the meeting today, chief ministers of Opposition-ruled states got together on Wednesday to devise a common strategy on the issue
GST Council doubles tax on caffeinated beverages, slashes hotel tariffs; takes in-principle decision to link Aadhaar with registration
The tax changes came on a day the government announced big bang reduction in corporate tax rates to boost private investments and pull the economy out of a six-year low growth and a 45-year high unemployment rate.
Corporate tax cut: Nirmala Sitharaman silences doubters, changes perception around the state of the Indian economy
Until yesterday, Nirmala Sitharaman was being criticised for not having the vision and ability to be at the helm of finance ministry.
Nirmala Sitharaman slashes corporate tax to 22%; govt to forego Rs 1.45 lakh cr per year after levy cut, other relief measures
Sitharaman proposes to slash corporate tax for domestic firms, new local manufacturing cos through an ordinance.
Daily Bulletin: GST Council to hold meeting; Congress set to name 50 candidates for Maharashtra polls; day's top stories
Here are today's top stories: GST Council to meet today, expected to take call on tax rate cut amid slowdown; Amit Shah to chair meeting of Northern Zonal Council in Chandigarh on today; day's top stories and more
GST Council Meet today: Focus on revenue protection, boost for economic growth; no major tax rate cuts likely
The GST meeting will be closely watched as it could help investors gauge the government’s seriousness in reviving growth in Asia’s third-largest economy
GST evasion: 10% of profiteered amount as penalty is draconian when the concept of profiteering itself is nebulous
The Narendra Modi government’s obsession with foiling profiteering under the Goods and Services Tax (GST) law is going on unabated.
National Anti-Profiteering Authority's extension reveals neta-babu tribe is not going to give up its chance to meddle with pricing
The extension, without a freeze on new complaints, has also shown that the Jaitley-Adhia assurances that the NAA will be a benign, purely deterrent mechanism were also hollow.
GST council meet: Industry experts hail move to extend tenure of anti-profiteering body, approval of e-invoice system
Proposal for reduction in GST rate on electric vehicles will be sent to the Rate Fitment Committee for recommendations
GST Council meet: Move for sugar cess takes away sweetness of simplification of procedures; it must be junked
The sugar industry and cane farmers are always in some form of distress. The sector needs far-reaching reform.
The govt has lowered the indirect tax revenue collection forecast in the revised estimates by Rs 51,856 crore to Rs 8.75 lakh crore in the current fiscal.
Less than expected revenue collections from GST has put the government in a tight spot and the budget math this year will be a tricky affair
The GST Council, in its meeting ahead of Budget 2018, will also consider reduction in GST rates for goods and services in view of the representations received from various interest groups.
GST rate cut on 178 items applicable from 15 November; Narendra Modi hails council's recommendations
In a massive Goods and Services Tax (GST) rejig on Friday, the Centre shifted 178 items from the top bracket of 28 percent to 18 percent, and introduced changes in GST returns filing to ease the burden of taxpayers.
GST Council meeting updates: Arun Jaitley says tax rate cut on 178 items applicable from 15 November
This GST Council meeting is a crucial one and many more steps are expected to be taken to ease the pain for small business men
The Congress-ruled states have been demanding rationalisation of GST rates to bring down the peak tax rate from current 28 percent.
GST concessions 'too little, too late', says CPI; claims 8 out of 27 items' tax reduced exist only in Gujarat
CPI also demanded that all taxes on petrol and diesel should be done away with and be brought under the GST within a reasonable slab.