Centre will bring for discussion in next meeting of the GST Council the issue of bringing aviation turbine fuel (ATF) into the goods and services tax regime, Finance Minister Nirmala Sitharaman said
Any individual with cough, headache, sore throat, breathlessness, body ache, the recent loss of taste or smell, fatigue, and diarrhea should be considered as a suspect case of Covid, says Centre
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The GST Council will meet on September 17 in Lucknow which among other things may review concessional rates on Covid essentials
Apart from fewer slabs, the council will do well to take on issues like bringing petroleum under GST, addressing conflicting rulings of AARs and the issue of compensation to states beyond 2022
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The council meet is expected to deliberate the exemption and concession on Covid-19 related items
Financials and materials stocks gained ahead of the 43rd GST Council meet to be chaired Finance Minister Nirmala Sitharaman later in the day
The minister is scheduled to chair the meeting through video conferencing on Friday
Ahead of the GST Council meeting, Congress leader and Punjab Finance Minister Manpreet Badal has written to Finance Minister Nirmala Sitharaman
In an Q&A, the West Bengal finance minister says differential pricing is absurd and will result in a huge additional outgo for states
Also want to discuss extension of the compensation period beyond July 2022
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While Centre-state cooperation on lockdown and vaccine roll-out are commendable, the fractious GST council meet and states not allowing in CBI could prove to be a spanner
Centre to propose one a year tweaking; states say proposal is not enough, slabs need to be changed, experts call for flexibility to cater to immediate needs
This was the third meeting in a row that discussed compensation shortfall without a decision
True, there are still a lot of niggling issues. But the major pain points have been mostly addressed
Dissenting states may move SC, press for dispute resolution authority, refer matter to GoM
The projected total compensation shortfall in current fiscal stands at Rs 2.35 trillion
As such issue of voting in the Council over this issue does not arise, they say