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Tuesday, May 18, 2021

GST council


GST Council meeting on May 28

May 16, 2021 1:00 am

The GST Council is expected to discuss the modalities for borrowings by states to meet shortfall in tax revenues for this fiscal, if there would be a requirement for it this year like last fiscal.

GST Council to meet on May 28; compensation shortfall, rates on COVID essentials on agenda

May 15, 2021 4:58 pm

Finance Minister Nirmala Sitharaman will chair the 43rd GST Council meeting via video conferencing on May 28, 2021.

GST on fuel: A price vs revenue trade-off

April 05, 2021 8:47 am

Bringing petrol and diesel under GST will not lower fuel oil prices by itself, unless both Union and state governments are willing to take deep revenue cuts.

A half step

October 17, 2020 10:00 am

Centre’s decision to borrow to compensate states is welcome. More clarity is needed on modalities, remaining GST shortfall

Stocks rise, shaking off J&J trial halt and inflation woes

October 13, 2020 11:09 am

Both stock indexes are close to erasing year-to-date losses, supported by inflows of around $580 million into Indian equities from foreign investors this month.

New idea to break deadlock: Borrowing policy need not be uniform for all states

October 11, 2020 12:15 am

While there’s a divided house over putting the issue to vote, with non-BJP-ruled states likely to push for it even as the Centre is expected to oppose any move towards going for a vote, underscoring that the issue of borrowings are outside the jurisdiction of Council.

Squeezed by Covid, salaries on hold: states’ SOS to Centre

August 27, 2020 10:39 am

Maharashtra, Punjab, Karnataka and Tripura are among states reporting delays in salary payments to healthcare workers. In Uttar Pradesh, Telangana, Karnataka and Madhya Pradesh, salaries have been delayed to staff of educational varsities.

GST Council halves interest on delayed filing of GST returns

June 12, 2020 5:10 pm

Briefing reporters after GST Council meeting, Finance Minister Nirmala Sitharaman said late fee for non-filing of monthly sales return for others has been reduced to a maximum of Rs. 500 for July 2017 to January 2020 period.

GST Council may discuss ways to garner funds for states' compensation amid falling revenues

June 11, 2020 4:52 pm

The 40th meeting of the GST Council, headed by Finance Minister Nirmala Sitharaman and comprising state counterparts, will be held via video conferencing.

Mobile phones to get costlier as GST Council hikes rates to 18%

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.