Page 5 - Gst Council Meet

Vital lessons from pandemic for a nation clawing back on to the growth path

While Centre-state cooperation on lockdown and vaccine roll-out are commendable, the fractious GST council meet and states not allowing in CBI could prove to be a spanner

GST revenues take a beating as Council tweaks rates far too often

Centre to propose one a year tweaking; states say proposal is not enough, slabs need to be changed, experts call for flexibility to cater to immediate needs

GST Council meet ends without reaching consensus on compensating states

This was the third meeting in a row that discussed compensation shortfall without a decision

With complications whittled down, the GST system has come of age

True, there are still a lot of niggling issues. But the major pain points have been mostly addressed

GST Council meet: Stalemate over compensation may see some solution today

Dissenting states may move SC, press for dispute resolution authority, refer matter to GoM

GST Council to discuss compensation issue for third time in a row on Monday

The projected total compensation shortfall in current fiscal stands at Rs 2.35 trillion

GST Council has no jurisdiction over borrowing by states: Govt sources

As such issue of voting in the Council over this issue does not arise, they say

GST council meet: Compensation cess for states and other key announcements

The Goods and Services Tax (GST) Council meeting on compensation for the states remained inconclusive on Monday, with 20-21 states opting for the Reserve Bank of India (RBI) window of Rs 1.10 trillion (earlier it was Rs 97,000 crore) and around 10 states insisting the Centre borrow and disburse the money. The next meeting is now scheduled for October 12. Watch video for more

GST deadlock remains, compensation for tax collected to be released tonight

GST Council meeting, conducted via videoconference, was held to consider the two borrowing options offered to states in August to meet their shortfall in GST collections

21 states opt for Rs 97,000-crore RBI window to meet GST shortfall

This would help the proposal get cleared in the GST Council in case of voting

Icra finds FinMin's estimates of GST compensation gap much smaller

Estimates by Icra put the total gap at Rs 2.92 trillion against the ministry's estimates of Rs 2.35 trillion

GST Council meet: States accuse Centre of 'arm-twisting' them to borrow

Even BJP-ruled states like Karnataka suggest central govt should borrow to compensate states

LIVE: Students want NEET, JEE exams to be held, says Education Minister

'We have received mails from students and parents who are in favour of holding exams', said the minister. Stay tuned news LIVE updates

GST Council meet likely to be stormy as Oppn states press for compensation

The options being explored are market borrowing, raising cess rate or increasing the number of items for levy of compensation cess.

Top headlines: Slower revenue growth for TCS, Jio unlikely to raise tariffs

From S&P Ratings predicting slower revenue growth for TCS, states to pitch for timely GST compensation at Council meet to cinemas getting ready to open in September, here are top headlines of the day

GST Council to discuss legal opinion of AG on compensation: Sitharaman

Tthe Attorney General has opined that there is no obligation on the central government to pay the GST compensation shortfall to the states

Centre should give guarantee for GST Council borrowing: Kerala FM

We are expecting a 15% decline in the state GDP in FY 21, said Issac Thomas

GST Council updates: No fees for GSTR-3B for those with nil liabilities

Members of the GST Council discussed issues over videoconferencing in their first meeting since the coronavirus lockdown was imposed

Best of BS Opinion: Covid-19 impact on jobs, preserving the IBC, and more

From what the upcoming GST Council meet should focus on to how Trump's response to the protests helped it spread beyond its borders, here's a selection of Business Standard Opinion pieces for the day.

Covid-19 is likely to be a litmus test for GST Council, say experts

Experts for staggered payments, liberal input tax credit norms, and expediting e-invoicing