Group of ministers to seek legal opinion for the move
Mop-up increases 28% YoY in August to Rs 1.43 trillion; most big states see double-digit growth in collections
But says drugs, consumables purchased by outpatients in the course of treatment will be taxed
Group of ministers headed by Karnataka Chief Minister Basavaraj Bommai is working on the second round of GST rate changes, a news report said
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.
States learnt to be at loggerheads with Centre as they seek equal representation
A DIN is a 20-digit identification code that is affixed to every communication sent to taxpayers by the government
She also said the government has contained prices of tomato, onion, and potato, while comparing rates with those prevailing in November 2013.
The BJP, however, accused Opposition parties of doing politics over the issue, saying states not ruled by the BJP were also part of the decision taken by the GST council
The clarification came amid protests and widespread criticism by Opposition Members of Parliament over foisting GST on daily-use essentials and subsequent price rise
GST Council has recommended extending the period of levy of GST Compensation cess beyond June 2022 to cover the entire shortfall as well as servicing the back-to-back loan released to states
The new tax rate will be effective from Monday, the Securities and Exchange Board of India (Sebi) said in a circular.
Traders in the national capital have opposed the GST Council's decision to tax pre-packed and labelled food items, and termed it an "anti-people move"
Next meeting likely in New Delhi by month end; final report by August 10
Industry body Ficci in a letter to the finance ministry on Monday said that 5 per cent GST on non-ICU hospital rooms above Rs 5,000 will increase the cost of healthcare services
But the government is open to discussing narrowing down the three slabs of 5, 12 and 18 per cent into two, he said while addressing industry leaders
Ficci bats for zero GST on health care in letter to FM; CAIT against tax tweaks on food items
It is also important to see which states can finance a reasonable portion of their regular expenditure with their own revenue
The present exemption of IGST on import of goods under advance authorisation, Export Promotion Capital Goods (EPCG) authorisation and by Export-Oriented Units will be continued
In an exclusive interview with BS, Sitharaman said the first quarter lethargy is something which the Centre and the states will have to work on