Group Of Ministers

The GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, will meet on February 18. "The 49th meeting of the GST Council is scheduled to be held at New Delhi on February 18, 2023," the GST Council said in a tweet on Friday. The council may take up a discussion on the report of a group of ministers on taxation of 'pan masala' and 'gutka' firms and a report by a Group of Ministers (GoM) on setting up of appellate tribunals. The report by another GoM, chaired by Meghalaya Chief Minister Conrad Sangma, for GST levy on online gaming, casinos and horse racing may come up for deliberations. These three GoM reports were part of the agenda items in the last GST Council meeting, that was held on December 17, 2022.

The panel, headed by Meghalaya Chief Minister Conrad Sangma, submitted its second report to Finance Minister Nirmala Sitharaman ahead of the all-powerful GST Council meeting on Saturday

GoM submits recommendations on taxing pan masala, gutka on manufacturing capacity

Points out that under the regulations governing the all-powerful body, a meeting should be held every quarter

The law panel has informed the group of Ministers (GoM) that a clear definition will clear confusion and reduce scope for multiple litigations

The Council meeting was expected to be held in August in Madurai

Group of ministers to seek legal opinion for the move

The GST Council is likely to meet towards the end of this month or early September and discuss the report of the Group of Ministers (GoM), the sources added.

The Goods and Services Tax (GST) Council has set up a six-member group of ministers (GoM) to recommend necessary amendments required in the GST laws and other legal changes for setting up the GSTAT

Pre-packed wheat flour, papad, paneer, curd and buttermilk will be taxed at 5 per cent after the GST Council decided to stop allowing exemptions on such items while raising rates on a host of others.

Briefing reporters about deliberations at the two-day meeting of the GST Council, Finance Minister Nirmala Sitharaman said finance and other ministers of 16 states spoke on the compensation issue

The GST Council, comprising finance ministers of the Centre and states, is likely to meet by the end of this month and will discuss, among other things, the GoM interim report on rate rationalisation

Under the GST laws, hundreds of mass consumption items and essential services are exempted fully or attract a lower rate of tax than the standard rate of 18%

The ministerial panel that met farmers comprised Sukhjinder Singh Randhawa, Sukhbinder Singh Sarkaria and Tript Rajinder Singh Bajwa

During the meeting, while Kerala and Karnataka wanted e-way bill for inter-state movement of goods, Gujarat and Bihar felt it was not practical and feasible

The GoM was informed that domestic manufacturers, which were identified earlier, have already started producing PPE kits and masks, and that an adequate quantity of the same was available

India's total number of Coronavirus positive cases have risen to 24,506

Here's how government plans to combat Covid-19

State governments are also taking proactive measures. Delhi, Uttar Pradesh, Tamil Nadu and Maharashtra have all moved closer to imposing a lockdown

The GoM includes Defence Minister Rajnath Singh, IT and Telecom Minister Ravi Shankar Prasad, among others

In 2015-16, there were 20.5 million vehicles sold, including 16.5 mn two-wheelers and 2.78 mn passenger vehicles