GST Compensation: Centre Could Borrow to Pay States as Raising Taxes May be Counter-productive
4 years, 7 months ago

GST Compensation: Centre Could Borrow to Pay States as Raising Taxes May be Counter-productive

News 18  

The GST compensation due with the Centre for four months are enough to pay salaries to all Punjab government employees for two months, said the state’s finance minister Manpreet Singh Badal. He was responding to Union Food Processing Minister Harsimrat Kaur Badal over her assertion that the Centre has cleared the entire pending GST compensation amount for the state by releasing Rs 12,187 crore for FY2019-20. When myriad central and state level taxes were amalgamated into a single tax, the GST, the Centre had promised the states compensation for any loss in revenue due to its implementation. Taking to Twitter, Kerala finance minister Thomas Issac said: “According to news reports the hearing before Standing Committee on Finance, Centre has taken the stand that GST Compensation can’t be paid and present arrangements be revised by Council.

Finance Compensation States Pay Council Revenue State Crore Minister Centre Gst Gst Compensation  compensation  crore  gst  pay  minister  finance  revenue  centre  taxes  raising  borrow  counterproductive  states  rs  state

History of this topic

Review GST framework: PAC suggestion to finance ministry
3 days, 23 hours ago

Review GST framework: PAC suggestion to finance ministry

Hindustan Times  

The Public Accounts Committee has recommended that the Union finance ministry undertake “a comprehensive review of the GST framework” to simplify the Goods and Services Tax regime while calling for a revamped GST 2.0. The PAC led by Congress lawmaker KC Venugopal suggested the government to review “streamlining the return filing process by consolidating forms and reducing the frequency of …

Opposition leaders press for simplification, reduction of GST
6 days, 9 hours ago

Opposition leaders press for simplification, reduction of GST

Live Mint  

New Delhi, Mar 24 Opposition members on Monday demanded the government to simplify and reduce the Goods and Services Tax as it is putting the burden on the poor. Participating in the debate on the Finance Bill 2025, Supriya Sule said GST needs lots of reform, and there is a need to bring down rates. The Finance Minister should answer …

Congress pitches for GST 2.0, says it supports a truly ‘good and simple tax’ regime
3 weeks ago

Congress pitches for GST 2.0, says it supports a truly ‘good and simple tax’ regime

The Hindu  

A day after Union Finance Minister Nirmala Sitharaman announced that Goods and Services Tax rates would be further rationalised, the Congress on Sunday argued for “more comprehensive changes” to the indirect tax regime. “The Indian National Congress had envisaged a GST 2.0 – a truly Good and Simple Tax - in its Nyay Patra for the 2024 Lok Sabha Elections, …

Punjab’s tax revenue up due to govt efforts: Harpal Singh Cheema
3 weeks, 6 days ago

Punjab’s tax revenue up due to govt efforts: Harpal Singh Cheema

Hindustan Times  

Punjab finance, excise and taxation minister Harpal Singh Cheema on Sunday said concerted government efforts have led to a rise in the state’s tax revenue. Punjab finance minister Harpal Singh Cheema said this fiscal year has seen a continuation of the previous years’ trend, with a 13.4% growth rate in net GST, 14.4% rise in excise, 5.10% climb in VAT, …

Taxes have come down after GST regime, says official at outreach programme
1 month, 2 weeks ago

Taxes have come down after GST regime, says official at outreach programme

The Hindu  

After the introduction of the GST in 2017, the taxes for many goods had come down, said Director General Mahesh Kumar Rustagi here on Friday. Inaugurating a GST outreach programme for MSME sector, organised by the Directorate General of Taxpayer Services, Commercial Taxes Department of Tamil Nadu and Confederation of Indian Industry, he said taxes on many commodities such as …

GST rate rationalisation needed: Finance SecyGST rates need to be rationalised: Finance Secretary
1 month, 3 weeks ago

GST rate rationalisation needed: Finance SecyGST rates need to be rationalised: Finance Secretary

Live Mint  

New Delhi, Feb 3 Finance Secretary Tuhin Kanta Pandey on Monday said enough experience has been gained with regard to implementation of GST and now the rates need to be rationalised in consultation with states. The GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising her state counterparts, has set up a group of ministers to suggest changes in …

U.P. launches initiative to broaden GST base
2 months ago

U.P. launches initiative to broaden GST base

Hindustan Times  

Uttar Pradesh has launched a new initiative aimed at expanding its Goods and Services Tax base by focusing on untapped sectors within the service industry. Commissioner state tax, Nitin Bansal said the service sector has immense scope for broadening the tax bae in the state The state aims to enhance compliance and curb tax evasion by appointing officials to oversee …

Punjab GST mop-up surged in 3rd quarter after poor first half
2 months, 1 week ago

Punjab GST mop-up surged in 3rd quarter after poor first half

Hindustan Times  

Chandigarh The total collection during the April-December period of 2024-25 stood at ₹ 17,318.21 crore, up 11.98% from ₹ 15,464.79 crore in the same months of the previous fiscal, according to data of key fiscal indicators. After a sluggish first half, the goods and services tax collection in Punjab surged in the third quarter of the financial year 2024-25 to …

Kharge demands end to ‘tax terrorism’ in the Budget, calls GST ‘Give Sitharaman Tax’
2 months, 3 weeks ago

Kharge demands end to ‘tax terrorism’ in the Budget, calls GST ‘Give Sitharaman Tax’

The Hindu  

Ahead of the Union Budget, the Congress on Thursday alleged that the goods and services tax had become a means to “loot” people and demanded that the Centre puts an end to “tax terrorism”. In a post on X, Congress president Mallikarjun Kharge said that the GST could stand for the “Gabbar Singh Tax” or “Grahasthi Satyanash Tax ” or …

Gabbar Sitharaman Tax: Congress’ fresh jab at FM, says new circulars are issued 90 months after GST rollout
2 months, 3 weeks ago

Gabbar Sitharaman Tax: Congress’ fresh jab at FM, says new circulars are issued 90 months after GST rollout

Live Mint  

Congress leader Pawan Khera on Thursday took a swipe at Union Finance Minister Nirmala Sitharaman over Goods and Service Tax and said that even 90 months after the implementation of GST, new circulars are being issued. Speaking to ANI in Rajasthan, Khera referred to GST as Gabbar Sitharaman Tax, and said it has affected everyone. The tax that should have …

Centre, states collect gross GST revenue of ₹1.76 trillion in December
Trending News
2 months, 4 weeks ago

Centre, states collect gross GST revenue of ₹1.76 trillion in December

Live Mint  

The Union and state governments collected gross Goods and Services Tax revenue of ₹1.76 trillion in December, the lowest in in three months, but showing an improvement of 7.3% from a year ago, official data showed. After adjusting for tax refunds, GST revenue collection stood at ₹1.54 trillion, showing annual growth of 3.3%. After refunds, GST revenue receipts in the …

Punjab: GST on turbine fuel will cause fiscal crisis in states, says Cheema
3 months, 1 week ago

Punjab: GST on turbine fuel will cause fiscal crisis in states, says Cheema

Hindustan Times  

Punjab finance minister Harpal Singh Cheema on Monday opposed the agenda of bringing air turbine fuel under the ambit of Goods and Services Tax saying that it would pave the way for removing petroleum products from the Value Added Tax. In a release issued here, Punjab finance minister Harpal Singh Cheema said this decision would be detrimental to the states …

GST on exam forms: Turned dreams of people into source of income, Priyanka GANDHI slams govt
3 months, 1 week ago

GST on exam forms: Turned dreams of people into source of income, Priyanka GANDHI slams govt

The Hindu  

Congress MP Priyanka Gandhi Vadra on Monday attacked the BJP over levying GST on examination forms, saying the government had turned the dreams of parents who saved every penny to prepare their children for exams into a source of income. The Congress General Secretary shared an examination form of the Kalyan Singh Super Speciality Cancer Institute, Sultanpur, that showed 18% …

Arunachal committed to support GST reforms for economic growth: Deputy CM
3 months, 1 week ago

Arunachal committed to support GST reforms for economic growth: Deputy CM

The Hindu  

Arunachal Pradesh Deputy Chief Minister Chowna Mein stated that the government is committed to support GST reforms for fostering economic growth and ease of compliance for all stakeholders in the State. Speaking at the 55th GST Council meeting at Jaisalmer in Rajasthan on Saturday, Mr. Mein, who also holds the Finance portfolio, said that the state government remained dedicated to …

55th GST council meeting in Jaisalmer on December 21, 2024: Finance Minister Nirmala Sitharaman media briefing
3 months, 1 week ago

55th GST council meeting in Jaisalmer on December 21, 2024: Finance Minister Nirmala Sitharaman media briefing

The Hindu  

A much-anticipated review of the Goods and Services Tax levies on life and health insurance policies was put off by the apex body in charge of the indirect tax regime, the GST Council at its 55th meeting on Saturday, as some members sought more discussions on the matter before taking a final call. Moreover, rate rationalisation suggestions pertaining to about …

GST Council agrees to maintain status quo on taxing ATF by States: Bhatti
3 months, 1 week ago

GST Council agrees to maintain status quo on taxing ATF by States: Bhatti

Deccan Chronicle  

Hyderabad: Goods and Services Tax Council agreed to maintain the status quo on taxing Aviation Turbine Fuel under VAT, according to Deputy Chief Minister Bhatti Vikramarka Mallu on Saturday. Bhatti, who was also the Finance Minister, attended the 55th meeting of the GST Council meeting chaired by Finance Minister Nirmala Sitaraman at Jaisalmer in Rajasthan on Saturday. On the issue …

GST Council 55th Meeting in Jaisalmer: FM Nirmala Sitharaman to discuss potential revisions in insurance, aviation taxes
3 months, 1 week ago

GST Council 55th Meeting in Jaisalmer: FM Nirmala Sitharaman to discuss potential revisions in insurance, aviation taxes

Live Mint  

The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman and including state finance ministers, will convene today, December 21, in Jaisalmer, Rajasthan. This pivotal gathering of the apex body for indirect taxes is expected to focus on significant rate changes for life and health insurance, luxury items, and the possible inclusion of aviation turbine fuel under the …

No plans of 35% GST slab yet: MoS Finance
3 months, 2 weeks ago

No plans of 35% GST slab yet: MoS Finance

New Indian Express  

New Delhi: There are no plans yet to have a 35 percent tax slab under the Goods and Services Tax, and any decision on this would be taken together in consultation with GST Council, minister of state for finance, Pankaj Chaudhary told reporters in Delhi on Friday. The compensation cess levied under GST would cease to exist after March 2026, …

Pune Cantonment residents seek MoD help to clear pending GST dues worth ₹750cr
3 months, 3 weeks ago

Pune Cantonment residents seek MoD help to clear pending GST dues worth ₹750cr

Hindustan Times  

The Pune Cantonment residents have petitioned the Ministry of Defence to immediately release around ₹750 crore Goods and Services Tax dues which have been pending before the central government for the past seven years. The petition has been sent to the central government under the aegis of the cantonment citizens development forum led by prominent social worker Rajabhau Chavan. The …

GST rate hike claims are ‘premature, speculative’
3 months, 3 weeks ago

GST rate hike claims are ‘premature, speculative’

The Hindu  

The Central Board of Indirect Taxes and Customs on Tuesday dismissed reports indicating significant indirect tax rate changes and hikes on the Goods and Services Tax rates of various goods and services, as “premature and speculative”, and stressed that a ministerial group tasked with rationalising the multiple GST rates is yet to finalise its recommendations. While the GST Council, which …

Cheema advocates for continuation of GST compensation regime
3 months, 4 weeks ago

Cheema advocates for continuation of GST compensation regime

Hindustan Times  

In a strong push for the continuation of the goods and services tax compensation regime, Punjab finance minister Harpal Singh Cheema on Monday strongly recommended the continuation of the GST compensation cess regime beyond March 31, 2026, to ensure that states can mitigate the revenue loss caused by the subsumation of various taxes into the indirect tax. TPunjab finance minister …

Top News on Dec 1: GST collection rises, Andhra dissolves Waqf board, Kejriwal rules out alliance in Delhi polls, more
3 months, 4 weeks ago

Top News on Dec 1: GST collection rises, Andhra dissolves Waqf board, Kejriwal rules out alliance in Delhi polls, more

Live Mint  

From increase in GST collection to Andhra govt dissolving Waqf board to killing of 7 Maoists to Donald Trump picking loyalist Kash Patel as his new FBI director, here are today's top stories. GST collection for November rises by 8.5% to ₹ 1.82 lakh crore The goods and service tax collection for the month of November rose 8.5 per cent …

Ludhiana: Industrialists seek release of GST refunds
4 months, 1 week ago

Ludhiana: Industrialists seek release of GST refunds

Hindustan Times  

Industrial bodies in Punjab have collectively urged the state government to expedite the process to release the pending GST refunds, citing significant financial strain caused by delayed disbursements. A meeting was held under the chairmanship of Gurmeet Singh Kular, president of the Federation of Industrial and Commercial Organization, along with Harsimerjit Singh Lucky, president of the United Cycle and Parts …

GST Council To Meet In Jaisalmer On Dec 21; Key Decisions On Insurance And Rate Cuts Likely
4 months, 1 week ago

GST Council To Meet In Jaisalmer On Dec 21; Key Decisions On Insurance And Rate Cuts Likely

ABP News  

The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, is scheduled for December 21 in Jaisalmer, Rajasthan. The council, comprising state finance ministers, is expected to deliberate on major tax policy changes, including a decision on exempting or reducing GST rates on health and life insurance policies. Following discussions last month, the GoM has proposed …

GST has reduced burden on common man: FM Nirmala Sitharaman
6 months, 3 weeks ago

GST has reduced burden on common man: FM Nirmala Sitharaman

New Indian Express  

CHENNAI: Union Finance Minister Nirmala Sitharaman on Thursday said the narrative that the Goods and Services Tax has become a burden on the common man is wrong. Recalling that as per a recent survey by a leading consultancy agency, 84% of industry respondents have responded positively to GST, the union minister said, “Nearly 60% of all consumer items attract a …

​Enhancing oversight: The Hindu Editorial on the GST Council meet and issues
6 months, 4 weeks ago

​Enhancing oversight: The Hindu Editorial on the GST Council meet and issues

The Hindu  

The Goods and Services Tax Council, entrusted with overseeing the seven-year-old indirect tax regime, is slated to meet on September 9. The Council, whose parleys steered by the Union Finance Minister with States’ representatives are critical for resolving taxpayer challenges and setting broader policy direction, ought to meet regularly at such frequency. Beyond the broader revamp, the Council could also …

GST relief may hit state finances
8 months, 1 week ago

GST relief may hit state finances

Deccan Chronicle  

Hyderabad: The GST Council’s decision to provide relief to taxpayers in Telangana could have serious consequences for state finances. The most hard-hitting decision taken at the 53rd meeting of the Council was the relief extended to taxpayers for the financial years 2017-18 to 2019-20 waving interest and penalty on tax demands under Section 73. This step will benefit tax payers …

Lessons from India’s midnight tryst with fiscal destiny
8 months, 1 week ago

Lessons from India’s midnight tryst with fiscal destiny

New Indian Express  

At this point, Chidambaram passed a handwritten note to me and other finance ministry secretaries. This involved setting up the required technology systems, building a GST model that is revenue-neutral to the states, and achieving a grand bargain between states and the Centre to integrate divergent tax systems. It was known that the technology systems were not yet fully ready, …

The government should Cede some ground on GST
9 months, 1 week ago

The government should Cede some ground on GST

New Indian Express  

The Modi government, in its new stint, seems to have changed tack. This was visible in the way the Finance Minister Nirmala Sitharaman reached out to GST taxpayers during her post-GST Council Meeting press briefing on Saturday. The GST Council, which had its 53rd meeting, did look to address many common issues raised by taxpayers. Though some key thorny issues …

GST Council meeting today: Here are the five key expectations
9 months, 1 week ago

GST Council meeting today: Here are the five key expectations

Live Mint  

New Delhi: Goods and Services Tax Council is meeting in the capital after over eight months to discuss indirect tax matters, including further strengthening the tax ecosystem to make it foolproof. Law change on scope of GST The Council is expected to clear the text of legislative amendments to Central, State and Integrated GST laws to exclude extra-neutral alcohol, the …

53rd GST Council Meet Tomorrow: What's The Key Expectations?
9 months, 1 week ago

53rd GST Council Meet Tomorrow: What's The Key Expectations?

Live Law  

About Eight and a half months after its previous meeting, the Center has decided to call a meeting of the Goods and Services Tax Council on June 22, 2024.Although the meeting's agenda is yet unknown, state finance ministers should bring forth ideas for an indirect tax system that might be included in the Union Budget, which is anticipated to be …

GST dilemma: The burden of related party transactions
9 months, 1 week ago

GST dilemma: The burden of related party transactions

New Indian Express  

Introduction: The Goods and Services Tax marks a pivotal transformation in the landscape of taxation, fundamentally altering the way taxes are assessed and collected. Delving into its intricacies, particularly concerning Related Party Transactions, holds paramount importance for businesses endeavouring to navigate the realms of regulatory compliance and financial prudence effectively. GST implementation & Objectives: Introduced in India in July 2017, …

GST Council to meet on June 22: What will be the agenda?
9 months, 2 weeks ago

GST Council to meet on June 22: What will be the agenda?

The Hindu  

The Centre has decided to convene a meeting of the Goods and Services Tax Council on June 22, eight-and-a-half months after its last meeting, the Finance Ministry said on June 13, 2024. At its last meeting held on October 7, 2023, the Council, headed by the Finance Minister, had initiated discussions on a “perspective plan” to impose a cess or …

GST has helped people with a pro-poor approach, says Nirmala Sitharaman
10 months, 3 weeks ago

GST has helped people with a pro-poor approach, says Nirmala Sitharaman

The Hindu  

The Goods and Services Tax regime has benefitted people through a pro-poor approach, Union Finance Minister Nirmala Sitharaman asserted on May 6, while underlining that the recent landmark of GST collections crossing ₹2 lakh crore was driven by heightened economic activity. Noting that the idea of GST was first mooted under the Atal Behari Vajpayee-led NDA government, Ms. Sitharaman said …

Next government must urgently fix ‘unnecessarily complex’, counter-productive GST: 13th Finance Commission chair
11 months, 3 weeks ago

Next government must urgently fix ‘unnecessarily complex’, counter-productive GST: 13th Finance Commission chair

The Hindu  

A key architect of India’s tax reforms and the chairman of the Thirteenth Finance Commission Vijay Kelkar has called upon the country’s next government to undertake urgent reforms in the “unnecessarily complex” Goods and Services Tax regime, such as switching to a single tax rate of 12% and sharing revenues with local governments and municipal corporations. Stating that a single …

GST collections up 12.54% in February 2024
1 year ago

GST collections up 12.54% in February 2024

The Hindu  

India’s gross revenues from the Goods and Services Tax grew at a three-month high pace of 12.54% in February to cross ₹1.68 lakh crore, marking the fourth-highest monthly collections from the tax. February’s GST revenue growth reflected the third highest uptick in 2023-24 and lifted the total collections so far this year to ₹18.4 lakh crore, 11.7% above the same …

BJP Government Did Not Rectify Injustice Meted out To Karnataka Alleges CM In His Budget
1 year, 1 month ago

BJP Government Did Not Rectify Injustice Meted out To Karnataka Alleges CM In His Budget

Deccan Chronicle  

Bengaluru: Chief Minister Siddaramaiah pointed out that Central Government led by Bharatiya Janata Party had meted out three injustices to States including Karnataka such as “unscientific” implementation of Goods and Services Tax, increase in Cesses and Surcharges and change in allocation of formula in tax devolution and grants-in-aid, adversely affected the financial strength of the State. Siddaramaiah accused the previous …

‘Flexibility to change GST liability to go’
1 year, 1 month ago

‘Flexibility to change GST liability to go’

New Indian Express  

NEW DELHI: In a bid to curb the practice of claiming bogus or higher input tax credit, finance ministry will bring a major reform to the GSTN system. In an interaction with this paper, Revenue Secretary Sanjay Malhotra revealed that the flexibility to change the GST liability without changing the input tax will be removed to prevent tax evasion. “The …

Hindustan Unilever Receives GST Demand, Penalties Worth Rs 447.5 Crore
1 year, 2 months ago

Hindustan Unilever Receives GST Demand, Penalties Worth Rs 447.5 Crore

ABP News  

FMCG giant Hindustan Unilever Ltd received a Goods and Services Tax demand and penalties, coming up to Rs 447.5 crore from authorities in five states, a Monday late-night regulatory filing from HUL revealed. Further, the Deputy Commissioner of Commercial Tax Officer, Bengaluru issued a demand of tax on the grounds of surplus GST credit availed coming up to Rs 8.90 …

Electricity under GST purview
1 year, 3 months ago

Electricity under GST purview

Deccan Chronicle  

New Delhi: The inclusion of electricity within the goods and services tax framework may be a reality soon as the government is exploring all the options in this regard. “As the power ministry is well aware of its potential effects, especially on the revenue loss for the industry, state revenues, and household electricity expenses, the Centre and states are jointly …

Company Taking Calculated Business Risk Cannot Challenge Root Of Contract Merely Due To Change In Tax Laws: Calcutta HC Denies GST Refund
1 year, 4 months ago

Company Taking Calculated Business Risk Cannot Challenge Root Of Contract Merely Due To Change In Tax Laws: Calcutta HC Denies GST Refund

Live Law  

The Calcutta High Court has recently dismissed writ petitions by M/s Kayal Construction, which had been awarded tenders floated by the state government, on the condition that the petitioner would bear expenses for all the taxes/cess payable. Mere replacement of Sales Tax, Excise Duty, VAT and other similar taxes by the GST regime does not change such parameters in any …

GST regime has ‘very efficiently’ brought tax rates down: FM
1 year, 4 months ago

GST regime has ‘very efficiently’ brought tax rates down: FM

The Hindu  

Finance Minister Nirmala Sitharaman said on Tuesday that the Goods and Services Tax regime has “very efficiently” brought tax rates down and consumers now pay lower levies than they did in the earlier indirect tax regime. Ms. Sitharaman also urged businesses staying out of the GST system to come within its fold or risk losing prospective customers, adding that such …

At ₹1,713 cr, Punjab’s GST collection sees a spike of 31%
1 year, 6 months ago

At ₹1,713 cr, Punjab’s GST collection sees a spike of 31%

Hindustan Times  

The goods and services tax collection in Punjab reported a 31% year-on-year jump in August 2023 due to robust growth in business activities and increased monitoring to plug revenue leakages. In the first five-month period, the GST revenues are 28.20% higher this year than the collection during the same period last year, rising to ₹ 8,524.17 crore from ₹ 6,648.49 …

GST collection, devolution a success story in Northeast: Finance Minister Nirmala Sitharaman
1 year, 8 months ago

GST collection, devolution a success story in Northeast: Finance Minister Nirmala Sitharaman

The Hindu  

The northeastern States have scripted a success story in the collection and devolution of the Goods and Services Tax, Union Minister for Finance and Corporate Affairs Nirmala Sitharaman said, in Guwahati, on July 21. “According to the 2023 RBI report on State finances, the eight northeast States have registered a compounded annual GST hike of 27.5%,” she said. “Assam was …

Maharashtra to raise traders' concern after Centre brings changes in GST rules
1 year, 8 months ago

Maharashtra to raise traders' concern after Centre brings changes in GST rules

India Today  

Senior Congress leader and MLA Prithviraj Chavan objected to the Centre’s decision to bring the Goods and Service Tax Network under the purview of the Prevention of Money Laundering Act, which would permit the Enforcement Directorate to probe the matters linked to the GST. Replying to Chavan’s question, Maharashtra Finance Minister Ajit Pawar said he would raise the issue in …

Work in progress: The Hindu Editorial on the GST Council meet and issues
1 year, 8 months ago

Work in progress: The Hindu Editorial on the GST Council meet and issues

The Hindu  

Meeting after nearly five months, the Goods and Services Tax Council on Tuesday unravelled some knotty issues that were hanging fire for a long time, such as the constitution of Appellate Tribunals and the tax treatment for the booming online gaming industry. On the other hand, businesses have reacted with much consternation to the Council’s decision to finalise a 28% …

GST Council to weigh tax cuts on select items
1 year, 8 months ago

GST Council to weigh tax cuts on select items

Live Mint  

The goods and services tax Council meeting next week will discuss tax relief on certain medicines, farm products, arthroplasty implants, and services such as satellite launches by private organizations, a person with direct knowledge of the matter said. A committee of officers that reviews proposals for tax rate changes, called the fitment committee, has recommended lowering the GST rates on …

GST Day 2023:
1 year, 8 months ago

GST Day 2023:

India TV News  

Nirmala Sitharaman on GST: Union Finance Minister Nirmala Sitharaman said on Saturday that the Goods and Services Tax has done justice to consumers by bringing the rates down compared to the previous Government. Today, no state suffers after GST, and that is despite COVID," said Union Finance Minister Nirmala Sitharaman. A step like GST actually brought relief to the common …

6 years of GST: Tracing role of Atal Bihari Vajpayee, Vijay Kelkar, P Chidambaram, Arun Jaitley, and others
1 year, 8 months ago

6 years of GST: Tracing role of Atal Bihari Vajpayee, Vijay Kelkar, P Chidambaram, Arun Jaitley, and others

Hindustan Times  

With the implementation of a Goods and Services Tax on July 1 2017, India took a huge step towards modifying its indirect taxation system. A proposal for introducing a Modified Value Added Tax was initiated by the then Finance Minister Vishwanath Pratap Singh, aiming to streamline the indirect tax system. 2000: A meeting between Prime Minister Atal Bihari Vajpayee and …

GST helped increase revenue buoyancy of states as all-round benefit stands out 'exemplary': FM
1 year, 8 months ago

GST helped increase revenue buoyancy of states as all-round benefit stands out 'exemplary': FM

India TV News  

Goods and Services Tax: Union Finance Minister Nirmala Sitharaman on Saturday said Goods and Services Tax has strengthened the revenue buoyancy of states, and the all-around benefit stands out as "exemplary". Giving a comparison of the tax rates pre and post-GST, Sitharaman said, "GST has done justice to the consumers by bringing the rates down compared to the previous regime". …

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