Next meeting likely in New Delhi by month end; final report by August 10
Industry body Ficci in a letter to the finance ministry on Monday said that 5 per cent GST on non-ICU hospital rooms above Rs 5,000 will increase the cost of healthcare services
But the government is open to discussing narrowing down the three slabs of 5, 12 and 18 per cent into two, he said while addressing industry leaders
Ficci bats for zero GST on health care in letter to FM; CAIT against tax tweaks on food items
It is also important to see which states can finance a reasonable portion of their regular expenditure with their own revenue
The present exemption of IGST on import of goods under advance authorisation, Export Promotion Capital Goods (EPCG) authorisation and by Export-Oriented Units will be continued
In an exclusive interview with BS, Sitharaman said the first quarter lethargy is something which the Centre and the states will have to work on
Average GST collections at Rs 1.51 trillion a month in the first quarter of the current financial year are much higher than the Rs 1.2 trillion derived from the Budget Estimates
Goyal said another big advantage is for the small retailers who are very keen to engage with ecommerce
The Congress on Thursday latched on to a slip of tongue by Finance Minister Nirmala Sitharaman when she uttered "horse-trading" to take a swipe at the BJP, saying buying MLAs has become common
'Implementing GST was challenging in a country like India, which follows a federal structure'
Goods and Services Tax: Here's a look at the journey so far
Shrinking fiscal space has brought states on a collision course with the Centre
The benefits of GST will positively ensure it to be 'Good and Simple Tax' for citizens of India, says Prime Minister Narendra Modi on the eve of the GST launch
The continuation of a business-as-usual approach can undermine the GST's ability to either raise revenues for the government or improve the ease of doing business
The GST is still paying the price for govts talking the talk of a good and simple tax on July 1, 2017, but not walking the walk thereafter
A Business Standard analysis found that returns filed under GSTR-3B declined 13.8 per cent YoY in FY22
Addressing mistakes made while introducing the tax and getting back to a revenue-neutral rate(s) constitute the agenda that awaits attention
In the last five years, since its launch in July 2017, the GST journey has been difficult for both economic and political reasons. Read more on five years of GST in our top headlines
The real issue before taxation lies in identifying the Goose Point and the way goes through 'neutral goods'