March 14, 2020 7:11 pm
The Goods and Services Tax (GST) Council has increased rates on mobile phones and specified parts from 12 per cent to 18 per cent.
December 19, 2019 7:35 am
After the meeting, Union Finance Minister Nirmala Sitharaman, who heads the Council, said “every attempt was made to keep that set tradition alive, every attempt was made to convince based on opinion making in the house”.
December 18, 2019 10:07 pm
The rate will be effective from March 1, 2020, Revenue Secretary Ajay Bhushan Pandey said after the 38th meeting of the Council.
December 17, 2019 6:32 pm
The GST Council headed by Finance Minister Nirmala Sitharaman had sought suggestions from states on review of GST and compensation cess rates on various items, rate calibrations for addressing the inverted duty structure, compliance measures other than those currently under implementation to augment revenue.
December 05, 2019 9:46 am
The meeting with Sitharaman comes days after the GST Council informed states that the GST and compensation cess collections in the last few months had become a “matter of concern”.
December 05, 2019 10:33 am
The real problem is not the absence of big bang reform. It is the misdiagnosis over what our priorities should be and where scarce governance resources need to be deployed.
December 04, 2019 9:16 am
From Sundar Pichai replacing Larry Page as CEO of Alphabet Inc, the parent company of Google to the suspension of a UP clerk for Quran recitation in SDM court, here are the top news today
December 04, 2019 11:56 am
The GST Council is a Constitutional body chaired by the Union Finance Minister and comprises the Minister of State for Finance/ Revenue and finance ministers of all states. It makes recommendations on all important issues related to the Goods and Services Tax.
August 19, 2019 6:42 am
The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.
July 28, 2019 6:59 am
The changes would be effective from August 1. The reduced GST rates for electric vehicles (EVs) are estimated to lead to an annual revenue loss of around Rs 60 crore, officials said.