Kerala will oppose the move to increase the tax on coconut oil as it will affect the interests of the people of the state, official sources said here on Thursday.
Finance Minister to speak in Delhi ahead of GST council meeting in to Lucknow tomorrow.
Fitment committee recommends rejecting MoSPI request for a waiver
Many restaurants are not depositing GST, while some are not even registered
Consortium for Tobacco-Free Karnataka and other organizations working on tobacco regulation on Tuesday urged the GST council to hike the compensation cess on all tobacco products
Any change to the GST system would require approval by three-fourths of the panel, which includes representatives from all states and territories
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It may discuss extending the compensation cess for states beyond 2022
Somanathan said that a dose of carefully calibrated tariff protection for select sectors showing potential may be desirable
She also said that the flow of Covid-19 vaccination across the country will be well managed and all states will be taken care of
Some distance covered but there is scope for a huge improvement
GST Council must maintain revenue momentum, simplify rate structure, and strengthen cooperative federalism in spirit and letter
West Bengal minister Amit Mitra on Wednesday urged Union Finance Minister Nirmala Sitharaman to consider a "course correction" to rebuild faith.
The recent upsurge in revenues offers the prospect of the country breaking out of the long-stagnant tax-to-GDP ratio
Mitra said that the GST Council was the only federalist institution, but in the last few years, an omnipotent, authoritarian and majoritarian approach was creeping into the GST Council.
Decisions were no longer taken on the basis of a consensus as originally envisaged: Mitra
Council should address structural shortfall in revenue
The council meet is expected to deliberate the exemption and concession on Covid-19 related items
The GoM will give its findings by June 8 and the GST Council will take suitable decisions soon.
The government is conscious of the intensity of the second wave of Covid-19 and is assessing its full impact before coming out with further packages and interventions, says FM Sitharaman