In a sign of revival in the city economy hit by COVID-19 pandemic and the subsequent lockdown, the Delhi government collected Rs 5,281 crore GST in the first quarter of the current financial year
A major issue is the hold up of a conveyance due to minor defects in e-way bill when the matter has to be contested at the place where the conveyance is intercepted
India needs a new medium-term economic road map
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There is lower income inequality in Tamil Nadu than it is in most places. Therefore, we are also a very high-consumption state, said Tamil Nadu FM Thiagarajan
Gadkari, who holds MSME portfolio along with road transport, further said there is a need to build consensus with states to bring petroleum products and alcohol under the GST regime
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The ministry said it will issue certificates of appreciation to over 54,000 GST payers for timely filing of returns and cash payment of the tax, to mark the 4th anniversary of the historic tax reform
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
A nationwide GST, which subsumed 17 local levies like excise duty, service tax and VAT, was rolled out on July 1, 2017.
Union Finance Minister Nirmala Sitharaman on Wednesday said that the Goods and Services Tax (GST) has reduced the rate at which people have to pay tax and the GST rate at present is only 11.6 per cent
E-way bill generation rose by 22.6 per cent in the week ended June 27 at 14.6 million compared to 11.9 million in the previous week
The GST rate on Eeco ambulance has come down to 12 per cent from the earlier rate of 28 per cent.
Chidambaram cited the example of Congress-ruled Rajasthan, Punjab and Chhattisgarh.
Former Finance Minister P. Chidambaram has alleged that contrary to claims of Finance Minister Nirmala Sitharaman, GST dues of Congress-ruled states Rajasthan and Chhattisgarh are yet to be cleared.
The rate on Remdesivir and Anticoagulants like Heparin is lowered from 12 per cent to 5 per cent.
The current Foreign Exchange Management (Export of Goods and Services) Regulations, 2015 does not have such an exemption.
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.
Centre to share 70% of vaccine revenue with states, says FM Sitharaman