The 43rd meeting of the GST Council, the first this year in the midst of the second wave of Covid pandemic, begun on Friday morning through video conferencing
Meeting is likely to exempt government departments and local authorities from e-invoicing.
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The Council is meeting today to discuss issues such as rates on Covid-related supplies
The fitment committee, which recommends rate changes to the Council, has proposed increasing the rate on footwear (less than Rs 1,000), readymade garments, and fabrics to 12% from 5% now
GST fitment panel has recommended a short-term rate cut on four Covid-19 related items
Ahead of the GST Council meeting, Congress leader and Punjab Finance Minister Manpreet Badal has written to Finance Minister Nirmala Sitharaman
GST Council may green-light entry given disappointing progress
The GST compensation of states is expected to widen to Rs 2.5-3 trillion in FY22 as against the cess collection of Rs 1 trillion estimated in the Budget
GST Council must address the shortfall in collection
The Delhi HC last week said that imposition of 12% IGST on oxygen concentrators for personal use or those received as gifts is 'unconstitutional'
As Covid second wave ravages the country, several states had urged Sitharaman to convene a GST Council meeting at the earliest
Amit Mitra urged Nirmala Sitharaman to convene a GST Council meeting at the earliest
In an Q&A, the West Bengal finance minister says differential pricing is absurd and will result in a huge additional outgo for states
Say Centre should come up with clear proposal, with focus on compensation mechanism
He, however, said the decision will have to be taken by the GST council
The move, if carried out, will be a big relief for the common man, Pradhan said
The GST Council should prevail on the government to avoid such practices as they lead to unnecessary litigation
Underperformance of GST must be addressed
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