SC ruling unlikely to alter GST regime; power to reject Council's recos never used: Revenue Secretary
The recommendations of the GST Council, as per the Constitutional amendment, were always a guidance and never a mandatory compliance, Revenue Secretary Tarun Bajaj said.
In an order issued late on Tuesday, the Appointments Committee of the Cabinet said it approved additional charge of the post to Bajaj with immediate effect till April 30.
As per the Government data, the gross revenue collection grew by nearly Rs 5 lakh crore to Rs 27.07 lakh crore, if compared with the budget estimates.
The revenue secretary called for support from tax professionals and taxpayers to remove various exemptions offered to select groups/businesses to make the tax laws simpler.
"The fiscal deficit at present is 6.9 per cent of the GDP. The target for 2025-26 is to bring down to 4.5 per cent."
In the current fiscal, the revenues from capital gains tax are expected to jump 10-fold to about Rs 80,000 crore.
Open to look into restaurant demands of going back to higher GST rate with ITC benefit: Revenue Secretary
Those restaurants in hotels charging less than Rs 7,500 room tariff will charge five per cent GST but will not get ITC.
Bajaj dismissed the claim of technical glitches on the website and said that all of the glitches are sorted and the website is functioning smoothly.