Details of communications between the Department of Economic Affairs and the EC received through RTI revealed that the DEA had written to the EC on March 31 seeking its approval on the rate cut.
Nirmala Sitharaman to consider Telangana Finance Minister T Harish Rao’s request to raise borrowing limit
Harish Rao said that the State was facing financial problems due to the lockdown and they did not know for how long the lockdown would continue.
'Voice 'muzzled' in GST Council meet, dissent not heard': Bengal Finance Minister hits out at Centre
Minister of State for Finance Anurag Singh Thakur, however, countered Mitra's charges saying that technical glitches marred West Bengal Finance Minister speech.
No GST on black fungus medicine, rates cut for ventilators, sanitisers, test kits, ambulances
While GST on Tocilizumab and Amphotericin B is slashed to nil from 5 per cent, the rate on Remdesivir and anti-coagulants like Heparin is lowered from 12 percent to 5 percent.
She also urged the concerned departments to explore public private partnerships for viable projects.
The Congress party- and other Opposition-ruled states have been demanding a reduction in taxes but the central government felt the move may not result in tangible gains for people.
Covid second wave shock limited to Q1, recovery tied to vaccine: Finance Minister Nirmala Sitharaman
However, this prognosis will hold true only if the vaccination drive becomes aggressive and all Budget announcements are implemented efficiently, the report added.
Infosys was in 2019 awarded a contract to develop the next-generation income tax filing system to reduce processing time for returns from 63 days to one day and expedite refunds.
Sitharaman tweeted that she could see her complaints on her Twitter timeline on the glitches faced by people barely 12 hours after the portal was launched.
There was a lot of deliberation on this matter after the fitment committee said reducing GST would result in revenue losses.
Sitharaman chaired a virtual meeting with senior government officials, including the Central Public Sector Enterprises (CPSEs), to discuss the infrastructure roadmap.
Mitra also urged Sitaraman on revisiting the matter of the gap to be funded where, he claimed, the borrowing would be Rs 2,13,000 crore instead of the Centre's estimated Rs 1,58,267 crore.
Godinho told reporters on Saturday that, at the meeting, he had asked for smaller states like Goa be given "preferential treatment" in compensation cess.
The GoM will submit its recommendations after deliberation in two weeks.This is not for the first time that the Council is considering a state’s request to impose cess.