With the revenue shortfall looming large, there have been suggestions for raising GST rate and cess to meet the gap
The Centre has, so far, not given any definite timeline for making the pending compensation cess payments to states, thereby triggering a face-off between the two sides
The Council may reset the GST rates on automobiles, hotels, biscuits, matchsticks and outdoor catering services. Listen to the podcast to know more
If states' GST revenue does not grow by at least 14%, the Centre pays them the difference, after every two months
The GST Council has shown willingness to listen and make necessary course corrections
While lower GST would push occupancy and thereby aid room rates, lower corporate tax rate should add to earnings
Short-term focus shifts to what extent the new measures will impact the fiscal deficit, accelerating non-tax revenue of the government
GST council meeting Live updates: All eyes are on GST council's meeting in Goa after the government announced slashing corporate taxes.
Caffeinated drinks are among a handful of items for which a hike in the GST rate has been recommended
From GST Council meet to Vivo V17 Pro launch in India, here are some of the most important news events scheduled for today
States have been strongly pitching for extension of the compensation period by three years to 2024-25
The Committee also rejected the telecom ministry's proposal to reduce GST rate for telecom services from the present 18 per cent to 12 per cent, sources said
The Council should instead focus on compliance
The government is examining a rate reduction for such vehicles by doing away with the cess, which will bring down the tax incidence from 43% to 28%
Hiring of electric buses (of carrying capacity of more than 12 passengers) by local authorities was exempted from GST
The GST Council has also approved exemption from GST on hiring of electric buses by local authorities
The meeting, which was to be held through a video conferencing, had a single agenda to boost production of electric vehicles
West Bengal Finance Minister Amit Mitra had on Tuesday written to Sitharaman objecting to a hurriedly called 'single agenda meeting'
Find a fix for anti-profiteering measures, filing glitches, advance ruling mechanism, say experts
GST Council decides to extend timeline to file annual returns to August 30