GST Council

Manpreet Badal demands immediate convening of GST Council meeting

In a letter to Finance Minister Nirmala Sitharaman, he said he is writing on the GST issue when the country is in the middle of battling the new wave of COVID which is more devastating.

published on : 5th May 2021

No GST Council meeting until after poll results

Despite multiple state government requests, sources say meet unlikely before end of May

published on : 30th April 2021

'High petrol and diesel prices burden on consumers,' admits Finance Minister Nirmala Sitharaman

The Finance Minister felt that a tax cut on fuel prices should be a joint call of Centre and states.

published on : 5th March 2021

GST Council mulls compensation package for FY22

The official said the meeting is likely to happen either before the Budget session starts or after it commences.

published on : 21st February 2021

Allahabad High Court asks GST Council to forward recommendation for UP tribunal

Non-availability of the appellate tribunal is causing serious prejudice to the rights of aggrieved persons for statutory appeal, the court said.

published on : 10th February 2021

No proposal to raise excise duty on cigarettes, 'beedis': MoS Finance Anurag Thakur

Finance Ministry data showed that the overall GST collection from these products, including cess, during FY 2019-20 was Rs 53,540 crore and excise collection Rs 1,610 crore.

published on : 9th February 2021

Thorny GST compensation problem set to continue simmering next year

Under GST law, states were guaranteed payment for any loss of revenue in the first five years after the implementation of the GST regime starting July 1, 2017.

published on : 30th December 2020

Traders urge Finance minister Niramala Sitharman, GST council to modify new notification

In a memorandum, Federation of All India Vyapar Mandal - a national body of small traders - advocating for a single- point GST collection, urged for certain changes.

published on : 27th December 2020

Bengal FM Mitra writes to Sitharaman seeks GST Council meeting

He said it had been unanimously agreed at the meetings to extend the cess collection period beyond 2022 to meet debt servicing by the borrower.

published on : 14th November 2020

Centre permits 20 states to raise Rs 68,825 crores via borrowing to meet GST shortfall

The Centre had in August given two options to the states -- to borrow either Rs 97,000 crore from a special window facilitated by the RBI or Rs 2.35 lakh crore from the market.

published on : 13th October 2020

Release pending dues to States: Andhra minister Buggana to Centre

He felt the need for holding more meetings to achieve consensus on the GST compensation issue.

published on : 13th October 2020

Telangana attacks ‘unilateral’ GST Council decision

The GST Council took a unilateral decision to pay Rs 1.10 lakh crore GST compensation to States instead of the actual loss of revenue of Rs 1.83 lakh crore.

published on : 13th October 2020

'Not able to arrive at a consensus', says Nirmala Sitharaman as GST council meet ends without solution

The panel, which is the highest decision-making body on indirect taxes failed to reach a consensus on the Centre's proposal of states borrowing against future GST collections to make up for shortfall.

published on : 12th October 2020

GST Council to discuss compensation issue for third time in a row on Monday

The Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising of state finance ministers, will for the third time in a row discuss the issue of funding the shortfall of GST revenue

published on : 11th October 2020

Revival of economy post COVID-19 lockdown clearly visible: Nirmala Sitharaman

On GST compensation that has become a contentious issue with some states, the Finance Minister said the GST Council would meet again on the 12th.

published on : 7th October 2020
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