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Chhattisgarh CM Bhupesh Baghel Seeks Extension Of GST Compensation For 5 Years At NITI Aayog Meet

Chhattisgarh CM Bhupesh Baghel Seeks Extension Of GST Compensation For 5 Years At NITI Aayog Meet

The chief minister said Chhattisgarh is self-sufficient in the production of food grains and has taken many innovative measures to increase the production of pulses and oilseeds in the state. 

07 August 2022
Panagariya Calls For 2-Rate GST Structure, Pruning Of Exemption List

Panagariya Calls For 2-Rate GST Structure, Pruning Of Exemption List

Panagariya also said that the Indian economy has grown fairly rapidly in the last 17 years, and it will grow at 7-8 per cent in the next couple of decades

21 July 2022

Few States Seek Extension Of GST Compensation For 5 Years: Nirmala Sitharaman

When a nationwide GST subsumed 17 central and state levies from July 1, 2017, it was decided that states will be compensated for any loss of revenue from the...

Pre-Packed, Labelled Cereals, Pulses, Flour Weighing More Than 25Kg Exempt From 5% GST: Finance Ministry

Pre-Packed, Labelled Cereals, Pulses, Flour Weighing More Than 25Kg Exempt From 5% GST: Finance Ministry

Last week, the government had notified that from July 18, unbranded pre-packed and labelled food items would attract 5 per cent Goods and Services Tax. So far,...

18 July 2022

Centre Usurping GST Council Mandate With Prior Notifications, Allege Legal Experts

Official communication available in the public domain suggests that the Centre issued several notifications without any recommendations from the GST Council

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15 July 2022
Finance Ministry Seeks Industry Views On Changes In Monthly GST Payment Form

Finance Ministry Seeks Industry Views On Changes In Monthly GST Payment Form

The GST Council in its meeting last month recommended that the changes in GSTR-3B or monthly tax payment form be placed in public domain for seeking inputs and...


13 July 2022
Sale Of Online Space For Advertisement To Attract 18% GST: AAR

Sale Of Online Space For Advertisement To Attract 18% GST: AAR

E-commerce portal Myntra Designs Pvt Ltd had approached the AAR seeking a ruling on whether providing advertisement space on its portal to foreign entity...


12 July 2022
GST: Group Of Ministers To Finalise Report On Casinos, Online Gaming By Aug 10

GST: Group Of Ministers To Finalise Report On Casinos, Online Gaming By Aug 10

Officials said the Group of Ministers (GoM) held a virtual meeting on Tuesday and discussed various methods of taxation of casinos, horse racing and online...


08 July 2022
Panel On GST Appellate Tribunal Formed, Report By Month-End

Panel On GST Appellate Tribunal Formed, Report By Month-End

The GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state ministers, had last week decided to constitute a Group of Ministers (GoM)...


05 July 2022
FICCI Seeks Zero-Rating GST On Healthcare Services

FICCI Seeks Zero-Rating GST On Healthcare Services

Sharing its views on the recommendations made in the recent GST Council meeting, the chamber said the incorporation of 5 per cent GST on room rent (exceeding...


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05 July 2022
5% GST On Non-ICU Hospital Rooms Above Rs 5,000 Will Not Hit Affordable Healthcare: Revenue Secy

5% GST On Non-ICU Hospital Rooms Above Rs 5,000 Will Not Hit Affordable Healthcare: Revenue Secy

Revenue secretary Tarun Bajaj also rejected the demand for zero-rating for healthcare industry saying such "carve-outs" may generate similar demands from other...


05 July 2022
Work Needs To Be Done To Prune GST Exemption In Services: Revenue Secretary

Work Needs To Be Done To Prune GST Exemption In Services: Revenue Secretary

Addressing a CII interactive session, Bajaj said the effort is to remove the “rough edges” in Goods and Services Tax (GST) over the next two-three years


30 June 2022
'GST On Horse-trading': Cong's Jibe Over Sitharaman's Slip Of Tongue

'GST On Horse-trading': Cong's Jibe Over Sitharaman's Slip Of Tongue

The clip was from Wednesday where at a press conference the finance minister said the GST council had deferred a decision on 28 per cent tax on casinos, online...


29 June 2022
Rate Tweaks To Make Up For Inefficiencies In Value Chain; States Conscious Of Inflation Impact: FM

Rate Tweaks To Make Up For Inefficiencies In Value Chain; States Conscious Of Inflation Impact: FM

Sitharaman said any increase in tax rates will also make up for the tax burden, which is being borne by some other activities in that value chain


29 June 2022
Another GST Council Meeting Concludes Without Any Decision Made On Compensation Period Extension

Another GST Council Meeting Concludes Without Any Decision Made On Compensation Period Extension

Several states had raised the issue of compensation regime extension before the Council. The economic slowdown brought the center-state relation under stress,...


29 June 2022
GST Council Defers Tax On Casinos, Lottery: Nirmala Sitharaman

GST Council Defers Tax On Casinos, Lottery: Nirmala Sitharaman

A two-day meeting of the panel considered a report of the GoM but deferred a decision as Goa and some others wanted to make more submissions


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29 June 2022
GST Council Meet: No Decision On Extending Compensation To States On Day 2

GST Council Meet: No Decision On Extending Compensation To States On Day 2

Briefing reporters about deliberations at the two-day meeting of the GST Council here, Union Finance Minister Nirmala Sitharaman said finance and other...


29 June 2022
About Dozen States Seek Extension Of GST Compensation; No Decision Taken

About Dozen States Seek Extension Of GST Compensation; No Decision Taken

Union Finance Minister Nirmala Sitharaman said finance and other ministers of 16 states spoke on the compensation issue


29 June 2022
GST Council Meet: States Compensation, 28% Tax On Online Gaming, Casinos, Horse Racing In Agenda On Day 2

GST Council Meet: States Compensation, 28% Tax On Online Gaming, Casinos, Horse Racing In Agenda On Day 2

On the first day, the 47th GST Council chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, decided to tweak tax rates of...


28 June 2022
Amit Mitra Asks Centre To Take Decisions At GST Council By Consensus

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...


28 June 2022
Crucial 2-Day GST Council Meeting On Compensation Period Extension For States, Rate Rationalization Begins 

Crucial 2-Day GST Council Meeting On Compensation Period Extension For States, Rate Rationalization Begins 

Opposition-ruled states are expected to raise the issue of compensation regime extension that is presently in place to bridge revenue loss to states on account...


26 June 2022
GST Council Meet: Rate Changes On Some Items On Cards, States' Compensation Tops Agenda

GST Council Meet: Rate Changes On Some Items On Cards, States' Compensation Tops Agenda

The 47th meeting of the GST Council, headed by Union Finance Minister Nirmala Sitharaman and comprising representatives of all states and UTs, is scheduled for...


23 June 2022
Dhami Meets PM, Seeks Extension Of GST Compensation Period

Dhami Meets PM, Seeks Extension Of GST Compensation Period

The Chief Minister of the BJP-ruled state also sought clearance from the Prime Minister for the Manaskhand Mandir Mala mission and establishment of a branch of...


23 June 2022
States To Push For Continuing GST Compensation Beyond June; Centre To Cite Tight Revenue Position

States To Push For Continuing GST Compensation Beyond June; Centre To Cite Tight Revenue Position

To meet the shortfall in the GST compensation fund, the Centre has borrowed and released to states Rs 1.1 lakh crore in 2020-21 and Rs 1.59 lakh crore in...


17 June 2022
GoM Fails To Reach Consensus On GST Rate Rationalisation

GoM Fails To Reach Consensus On GST Rate Rationalisation

The Group of Ministers will, however, present a status report to the GST Council on the consensus which was arrived at the previous meeting of the GoM on...


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