Page 122 - Nirmala Sitharaman

Small traders to gain in GST relief for e-commerce sellers, transport

For the transport sector, the council lowered GST to 5 per cent from 18 per cent on ropeways, renting of goods carriage, including fuel cost

GST council meeting takes no decision on extending compensation to states

New rates for some items, removal of exemptions with effect from July 18

GST Council defers tax on casinos, lottery; GoM to re-deliberate by July 15

The GoM will have to submit report by July 15 and then the Council will meet either on August 1 or in the first week of August, says FM Sitharaman

Next stage for GST

Rate rationalisation will be critical

About a dozen states seek extension of GST compensation; no decision taken

With two years being lost in the pandemic, states have sought an extension of this compensation mechanism

Rate tweaks to make up for inefficiencies in value chain: FM Sitharaman

Stating that all states are aware of the potential impact of rate rationalisation on inflation, Sitharaman said any increase in tax rates will also make up for the tax burden.

Top headlines: GST on casinos deferred; marketing freedom to oil producers

Briefing reporters about deliberations at the two-day meeting of the GST Council, Finance Minister Nirmala Sitharaman said finance and other ministers of 16 states spoke on the compensation issue

Tamil Nadu to host GST Council meeting in August, says FM Sitharaman

The next Goods and Services Tax (GST) Council meeting will be held in Tamil Nadu's Madurai in August, Union Finance Minister Nirmala Sitharaman said on Wednesday.

47th GST Council meet: Here's what became expensive after Tuesday meeting

The GST Council today is expected to take up extending compensation to the state

GST Council: Stormy discussion around states' compensation likely today

States will demand an extension of the compensation period or a change in the GST revenue distribution formula

GST Council tilts towards rate hikes, drops exemptions for many items

Okays removing the exemption on mass consumption items

GST Council clears proposal to remove tax exemptions on some items

The Council also cleared a host of compliance procedures for GST-registered businesses along with a GoM report on high-risk tax payers to check evasion

Amit Mitra asks Centre to take decisions at GST council by consensus

In a two-page letter to Sitharaman, the Principal Chief Adviser to Chief Minister Mamata Banerjee and the Finance Department, Dr Amit Mitra, cited a recent judgment of the Supreme Court in this regard

Sensex, Nifty end flat after volatile session; metal, energy stocks shine

CLOSING BELL: M&M, Tech M, Dr Reddy's Labs, Reliance Industries, HCL Tech, and Tata Steel were the top gainers on the 30-pack index

GST Council meet: Easier e-comm supplier registration, tax tweaks on cards

The council will also clear levying the highest tax of 28 per cent on online games, casinos and horse racing, besides, discussing a report of a GoM on high-risk taxpayers under GST to curb evasion.

Dept of Expenditure warns against extending the free food scheme: Report

In an internal note, the FinMin's Dept of Expenditure has warned that extension of the free food scheme beyond September or any more tax cuts will have consequences for the Centre's fiscal situation

States to push for continuing GST compensation beyond June: Report

The 47th GST Council meeting, chaired by Nirmala Sitharaman and comprising state Finance Ministers, in Chandigarh scheduled on June 28-29 is likely to see discussion veer around compensation mechanism

MP CM urges FM to remove capital gain tax on assets managed by state firms

Madhya Pradesh Chief Minister Shivraj Singh Chouhan requested Union finance minister Nirmala Sitharaman to remove the separate capital gain tax on assets managed by the state company

FM Sitharaman assures 'fullest support' for Sri Lanka's economic recovery

Finance Minister Nirmala Sitharaman has assured Sri Lanka of her "fullest support" and cooperation for its recovery from the ongoing economic crisis.

Indian delegation led by CEA Nageswaran to visit Sri Lanka on Thursday

The visit is consequent to the meetings held by Sri Lankan envoy in New Delhi Milinda Moragoda with External Affairs Minister S Jaishankar and FM Nirmala Sitharaman on June 20, the report said.