Currently, GST is a four-tier structure attracting tax rates of 5, 12, 18, and 28 per cent
The GST Council in next meet may look at raising the lowest tax slab to 8%, from 5%, and prune the exemption list in the GST regime
Union Finance Minister Nirmala Sitharaman will chair the 46th meeting of the GST Council in New Delhi today.Union Ministers of State in the Ministry of Finance, Pankaj Chaudhary and Dr Bhagwat Kishanrao Karad will also attend the meeting."FM Smt @nsitharaman will chair the 46th meeting of the GST Council in New Delhi, tomorrow. The meeting will be attended by MoS for Finance @mppchaudharyand @DrBhagwatKarad, besides Finance Ministers of States and UTs and Senior officers from Union Government and States," tweeted the Ministry of Finance on Thursday.This meeting holds importance ahead of the Union Budget which is presented on the first day of February by the Finance Minister in Parliament. This will be the fourth budget of the Prime Minister Narendra Modi-led NDA government in its second tenure.On Thursday, Nirmala Sitharaman chaired the pre-budget consultations with the Finance Ministers of States and Union Territories (with Legislature) for Union Budget 2022-23 in Delhi.The meeting ..
The Centre is likely to convene GST Council meeting next month. On the agenda will be a rationalisation of taxes and inverted duty structure for certain goods. Find out what to expect from the meeting
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CBIC says a company incorporated in India and a body corporate incorporated by or under the laws of a country outside India are separate legal entities
Sitharaman said 5% GST will be levied at the point where the delivery is made by Swiggy-like operators
44th meeting of the Goods and Services Tax (GST) Council today is expected to take a decision on relief in respect of Covid-19 related individual items based on the report of Group of Ministers
GST Council should have addressed pressing issues
Meeting is likely to exempt government departments and local authorities from e-invoicing.
He, however, said the decision will have to be taken by the GST council
True, there are still a lot of niggling issues. But the major pain points have been mostly addressed
Isaac has been in and out of the national news in his role as Kerala's finance minister since 2018 for various path-breaking tax initiatives
About two thirds of states opt for RBI-window of Rs 1.10 trillion, rest still want the Centre to borrow instead
PM addresses summit on Artificial Intelligence. Encourages use of AI responsibly and calls for united front against weaponisation of AI
The NGO has appealed to the finance minister ahead of GST Council meet to bring smokeless and non-virginia tobacco under a taxation structure
Likely to be a stormy affair with divergent views on market borrowing; Next meeting on September 19
The GST regime was ushered in without adequate preparation of the information technology platform for filing returns
Business Standard brings to you a snapshot of events that made it to the headlines today
We are expecting a 15% decline in the state GDP in FY 21, said Issac Thomas