Page 8 - Gst Council

GST Council defers hike in rates on textiles from 5% to 12%

Several states said in the meeting that there was no clarity on GST to be imposed on apparel, clothing and textile products, says Andhra FM

GST Council to discuss rollback of inverted duty structure in textiles

Former West Bengal Finance Minister Amit Mitra and Telangana Industries Minister K T Rama Rao had earlier urged the Centre to roll back the proposed GST rate hikes in textiles

TN FM seeks unconditional borrowings of 5% GSDP for FY23 owing to Covid

TN FM also seeks merging cesses, surcharges into pool of taxes shared with states

GST Council meet on Dec 31, to discuss rate rationalisation

The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on December 31 and discuss, among other things, report of the panel of state ministers on rate rationalisation

Amit Mitra urges PM to call GST meet to reverse tax hike on textiles

He had accused the Centre of not discussing the issue in the GST council before announcing the hike

Avoid policy adventurism

New provisions will hurt the GST system

'No recommendation by GST Council to bring petroleum products under GST'

Excise duty on petroleum products is calibrated time to time for generating resources for infrastructure and other developmental items of expenditure: Minister of State for Finance Pankaj Chaudhary

BS Awards: Debroy bats for GST Council-like body for expenditure reforms

He said the State Finance Commission's recommendations were not given much attention even as two-thirds of the public expenditure occurred at the state level

GST Council likely to meet early Jan, may discuss rate rationalisation

At the 45th GST Council Meeting in Lucknow on September 17, the Council had decided to rectify the inverted duty structure for footwear and textiles

Fitment panel's GST recommendations may cause immediate spike in inflation

The 5% tax rate broadly covers most food items, so an increase here would directly impact the monthly grocery budget of households

PHD chamber urges GST Council to rationalise rates in next meeting

Industry body PHDCCI on Saturday urged the GST Council to rationalise rates, stating that the current rates are not in sync with the demand creation and employment generation in the country

Kerala FM fires salvo at Centre over fuel surcharge, says GoM meet Nov 27

Will raise state woes on 15th finance commission at GST Council

More room likely for states to borrow as FM presents budget next Feb

The Centre has already begun to rejig govt savings market, reviving RBI window for retail investors, the Retail Direct Scheme this month

HC issues notice to GST council over non-inclusion of petrol, diesel prices

The court issued the notice to the Goods and Services Tax Council on Monday

GST rationalisation: Challenge and response

A revision of slab rates may create some disquiet, but, if cleverly crafted, it could be a game-changer for manufacturing

Refund interest paid on ineligible input tax credit, says industry

The levy of interest on availed but unutilised input tax credit is a subject of significant disputes in GST since its implementation

Think tank seeks higher 18% GST on tetra pack from current 12% slab

A think tank has requested GST Council to levy a higher tax of 18 per cent on tetra pack, arguing that the product is incorrectly categorised in the 12 per cent slab as a paper-based aseptic packaging

IT-BPM industry welcomes GST clarification on intermediaries

This is a long-standing issue between the IT-BPM industry and the government

GST Council extends concessions on certain Covid drugs till Dec 31: FM

The all-powerful GST Council on Friday extended concessional tax rates on certain Covid-19 drugs by three months till December 31

GST Council meet on Friday: Profiteering cases likely to go to CCI

The Council will also discuss bringing petroleum products within the GST ambit