Page 3 - Gst Council Meeting

Thomas Isaac: A federal socialist who puts his money where his mouth is

Isaac has been in and out of the national news in his role as Kerala's finance minister since 2018 for various path-breaking tax initiatives

No breakthrough in GST compensation deadlock; next Council meet on Oct 12

About two thirds of states opt for RBI-window of Rs 1.10 trillion, rest still want the Centre to borrow instead

LIVE: Teamwork of AI with humans can do wonders for our planet, says PM

PM addresses summit on Artificial Intelligence. Encourages use of AI responsibly and calls for united front against weaponisation of AI

Tax non-virginia tobacco to earn upto Rs 40,000 cr revenue: SHG to FM

The NGO has appealed to the finance minister ahead of GST Council meet to bring smokeless and non-virginia tobacco under a taxation structure

Single-agenda GST Council meeting on Aug 27 to discuss compensation

Likely to be a stormy affair with divergent views on market borrowing; Next meeting on September 19

Honest, thorough reappraisal of GST long overdue

The GST regime was ushered in without adequate preparation of the information technology platform for filing returns

Top headlines: GST Council meet, Trump may suspend H1B visas, and more

Business Standard brings to you a snapshot of events that made it to the headlines today

Centre should give guarantee for GST Council borrowing: Kerala FM

We are expecting a 15% decline in the state GDP in FY 21, said Issac Thomas

Covid-19 relief: GST Council eases compliance for small businesses

Compensation cess issue to be discussed in July meeting, Correction of inverted duty structure for textiles deferred

GST Council reduces late fee on GSTR-3B filings for those with liability

For entities with tax liability but which have not filed returns or have filed returns late, the late fee has been capped at Rs 500 without interest

Mix of needed and negatives

The most notable was to charge interest for delay in payment of GST on net cash tax liability, with effect from July 1, 2017

GST on mobile phones, textiles likely to be increased in Saturday meeting

One proposal before the Council is to hike the rate on mobile phones to 18%

GST Council meeting: Lottery scheme with up to Rs 1 cr prize to get nod

Winners will be selected by the National Payments Corporation of India

GST portal glitches to dominate agenda of Council meeting on Saturday

States may ask Infosys to have a point of contact; IT firm chairman Nilekani to a presentation on Saturday

AI, data analytics help GST collection, loopholes being plugged: Sitharaman

Red-flag reports prepared every month, SMS being sent to those mentioned therein

Clearing GST Council voting harder for govt as BJP loses grip over states

The party, which controls 15 states, falls short of the 75% vote share needed to pass a decision. And it doesn't have an Arun Jaitley to broker a consensus on contentious matters

FinMin to discuss ways with tax commissioners to plug GST leaks on Jan 14

Even as the GST collection crossed Rs 1-trn mark for the 2nd month in a row in December, the receipts were nowhere near Rs 1.10 trn required every month from Dec onwards to meet the target for 2019-20

Economic slowdown: States seek relaxation in fiscal deficit target to 4%

They also suggested measures to strengthen cooperation between states and Centre to attain $5 trillion economy

GST council meet on Wed, set to focus on falling collections, rate hike

With the revenue shortfall looming large, there have been suggestions for raising GST rate and cess to meet the gap

GST Council meet may turn stormy over states' cess; Rs 50k-cr dues pending

The Centre has, so far, not given any definite timeline for making the pending compensation cess payments to states, thereby triggering a face-off between the two sides