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GST Council meeting

GST COUNCIL MEETING NEWS

No consensus in GST Council on rate for vaccines amid Centre-Oppn rift

May 29, 2021 8:17 am

GST Council meet: The Council, which met after October 2020, discussed the issue of compensation payments, for which states raised concerns about the 7-per cent revenue growth assumption.

GST Council meet: Sitharaman says import of free Covid-related relief items to be exempted from IGST till August 31

May 28, 2021 9:19 pm

GST Council meeting: The Goods and Services Tax (GST) Council led by Finance Minister Nirmala Sitharaman also decided to put Amphotericin B, a key medicine for the treatment of black fungus, in the list of items exempted from IGST.

Seven non-BJP states meet to unite ahead of GST Council

May 27, 2021 7:19 am

Plan to demand extent compensation regime for five years, zero rating for pandemic relief products, and urgent payment of past dues.

GST council meet: Manpreet attacks Centre, says give us compensation as per law

October 13, 2020 5:45 am

Speaking at the virtual GST council meet on Monday, Punjab FM Manpreet Singh Badal said, “We are thus close to setting up some dangerous precedents: Goodbye to Constitution. Goodbye to compensation law. Goodbye to minutes of the council meetings. Goodbye to AG’s opinion.’’

Not keen on voting at GST Council meet, opposition states to push for dispute resolution mechanism

October 12, 2020 5:53 am

Kerala Finance Minister Thomas Isaac said while the resolution adopted by the Council for borrowing options will be binding on all states, it gives rise to a dispute on the manner in which compensation mechanism is being decided contrary to what is specified in the law.

GST Council can vote on borrowing options: Amit Mitra on compensation

October 10, 2020 12:55 am

West Bengal Finance Minister Amit Mitra said the Council has to find a way to reach consensus, but didn’t explicitly rule out voting.

Daily briefing: JD(U) calls LJP's exit from alliance suicidal act; Trump returns to White House

October 06, 2020 8:49 am

From the string of FIRs filed across Uttar Pradesh to probe attempts to “incite caste and communal tension" over the Hathras incident to why the outgoing Lokayukta in Goa wants the post abolished, read the top stories from print edition today.

GST deadlock: Opposition states reject compensation plan

October 06, 2020 7:38 am

In the previous meeting on August 27, the Centre had proposed two options to states: borrow Rs 97,000 crore from a special window facilitated by the RBI or the complete shortfall of Rs 2.35 lakh crore from the market.

Compensation cess amounting to Rs 20,000 crore to be given to states tonight: Sitharaman

October 05, 2020 8:33 pm

Nirmala Sitharaman said 21 states had opted for one of the two options the Centre had previously suggested for borrowing to meet the shortfall in GST collections.

GST Council Meet: Some states may seek borrowing plan revamp, mechanism to resolve disputes

October 05, 2020 4:38 am

The opposition-ruled states are also likely to raise objections to the calculation of estimates given for the borrowing options, which assumes a high 10 per cent growth for the compensation cess deficit projections.