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From revising some rates to deciding on the thorny issue of compensation extension for states, here is what the Council is likely to take up
The two-day Goods and Services Tax (GST) Council meeting, which begins today in Chandigarh, is likely to be action-packed
At the Council meeting in Chandigarh, states may call for extending compensation deadline
The exposure of debt mutual fund (MF) schemes to certificates of deposit (CDs) issued by banks has more than doubled in the past year
The Council unlikely to decide on taking crypto assets in next week's meeting in Chandigarh.
While the twin deficit problem of widening fiscal and current account deficits has been spoken about, a third problem of widening deficit in the states also stares the Indian economy in the face
No decision on rate rejig; to meet again for further deliberation
The meeting assumes significance as it is expected to discuss the report of the panel of state ministers on rate rationalisation and also the tax rate on casinos, race courses and online gaming
CBIC to focus on scrutiny of returns and audit for better compliance during current fiscal; finance ministry official sceptical, says April usually has high collection due to payment of arrears
Currently, GST is a four-tier structure attracting tax rates of 5, 12, 18, and 28 per cent
The GST Council in next meet may look at raising the lowest tax slab to 8%, from 5%, and prune the exemption list in the GST regime
Union Finance Minister Nirmala Sitharaman will chair the 46th meeting of the GST Council in New Delhi today.Union Ministers of State in the Ministry of Finance, Pankaj Chaudhary and Dr Bhagwat Kishanrao Karad will also attend the meeting."FM Smt @nsitharaman will chair the 46th meeting of the GST Council in New Delhi, tomorrow. The meeting will be attended by MoS for Finance @mppchaudharyand @DrBhagwatKarad, besides Finance Ministers of States and UTs and Senior officers from Union Government and States," tweeted the Ministry of Finance on Thursday.This meeting holds importance ahead of the Union Budget which is presented on the first day of February by the Finance Minister in Parliament. This will be the fourth budget of the Prime Minister Narendra Modi-led NDA government in its second tenure.On Thursday, Nirmala Sitharaman chaired the pre-budget consultations with the Finance Ministers of States and Union Territories (with Legislature) for Union Budget 2022-23 in Delhi.The meeting ..
The Centre is likely to convene GST Council meeting next month. On the agenda will be a rationalisation of taxes and inverted duty structure for certain goods. Find out what to expect from the meeting
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CBIC says a company incorporated in India and a body corporate incorporated by or under the laws of a country outside India are separate legal entities
Sitharaman said 5% GST will be levied at the point where the delivery is made by Swiggy-like operators
44th meeting of the Goods and Services Tax (GST) Council today is expected to take a decision on relief in respect of Covid-19 related individual items based on the report of Group of Ministers
GST Council should have addressed pressing issues
Meeting is likely to exempt government departments and local authorities from e-invoicing.