Gst Council
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Petrol, diesel prices and food delivery apps - What will be on agenda of GST Council meet today
Business | Sep 17, 2021, 12:11 PM ISTThe GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on Friday, which among other things may review tax rate of over four-dozen items.
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GST Council meeting in Lucknow on Friday
Business | Sep 16, 2021, 02:39 PM ISTNirmala Sitharaman will preside over the 45th meeting of the Goods and Services Tax (GST) Council in Lucknow on Friday.
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GST council slashes tax on oximeters, hand sanitisers, Covid testing kits
Business | Jun 12, 2021, 04:46 PM ISTThe GST Council on Saturday slashed the tax rate on coronavirus medicines such as Remdesivir and equipment like oxygen concentrators and medical grade oxygen.
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GST Council may decide on IGST levy on oxygen concentrators imported for personal use on May 28
Business | May 23, 2021, 02:27 PM ISTThe Delhi HC last week said that imposition of 12% IGST on oxygen concentrators for personal use or those received as gifts is 'unconstitutional'
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Why is your CM mortgaging your future for Modi: Rahul Gandhi to people on GST compensation
India | Oct 12, 2020, 11:49 AM ISTIn August, the Centre gave two options to the states to borrow either Rs 97,000 crore from a special window facilitated by the Reserve Bank of India or Rs 2.35 lakh crore from the market. It had also proposed extending the compensation cess levied on luxury, demerit and sin goods beyond 2022 to repay the borrowing.
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GST Council meet today to discuss compensation issue
Business | Oct 12, 2020, 09:54 AM ISTAs the GST compensation cess issue still remains unresolved with around 10 opposition-ruled states and Union Territories not agreeing with the Centre's borrowing proposals, the GST Council, consisting of all state Finance Ministers and headed by the Union Finance Minister, will meet today to discuss and try to reach to a consensus on the matter.
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Surcharge on cars, tobacco extended beyond June 2022
Business | Oct 05, 2020, 10:52 PM ISTThe GST Council on Monday decided to extend the surcharge on taxes over luxury goods such as cars, and tobacco products beyond June 2022.
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States to be given two options on meeting compensation gap: Centre after GST council meet
Business | Aug 27, 2020, 05:27 PM ISTFinance Secretary Ajay Bhushan Pandey who attended the 41st GST Council Meet on the agenda of making up for shortfall in states’ revenues amid the pandemic, said that the Attorney General's clear opinion was that compensation gap cannot be met from India's consolidated fund and provided two options.
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GST Council to meet on August 27 to discuss compensation payout to states
Business | Aug 19, 2020, 06:35 PM ISTSources said the 41st meeting of the Goods and Services Tax (GST) Council would be a single agenda meeting on states' compensation to be held via video conferencing.
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GST council may extend compensation cess levy beyond 5 years
Business | May 21, 2020, 02:40 PM ISTUnder the GST law, states are guaranteed full compensation for any revenue loss for the first five years after the introduction of the goods and services tax (GST) in July 2017.
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GST Council discuss coronavirus impact on economy
Business | Mar 14, 2020, 10:08 PM ISTThe GST Council on Saturday discussed the impact of coronavirus on the economy, Finance Minister Nirmala Sitharaman said.
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GST Council fixes 28% uniform tax rate for lottery
Business | Dec 18, 2019, 09:05 PM ISTThe GST Council on Wednesday fixed a uniform tax rate of 28 per cent on both state and private lottery. Briefing reporters after the 38th meeting of the Council, Revenue Secretary Ajay Bhushan Pandey said the new rate for lottery will come into effect from March 2020.
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Aadhaar may be made 'mandatory' for claiming GST refunds: Sitharaman
Business | Sep 20, 2019, 11:39 PM ISTThe Goods and Services Tax Council chaired by Union Finance Minister Nirmala Sitharaman on Friday took an in-principle decision to link Aadhaar with registration of taxpayers under the GST and examine the possibility of making Aadhaar mandatory for claiming refunds.
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GST Council meets next Friday; tax rate cut to hinge on revenue position
Business | Sep 13, 2019, 06:58 PM ISTThe all-powerful GST Council will at its Goa meeting next week consider demands for reducing taxes on products ranging from cars to biscuits keeping in mind the revenue position as any cut will have a direct impact on earnings of states, a senior government official has said.
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GST Council cuts tax rate on electrical vehicles, chargers to 5 per cent
Business | Jul 27, 2019, 01:42 PM ISTGST Council meet concluded on Saturday with a decision to reduce GST rates on electric vehicles and charges. The GST Council has decided to reduce GST rate on electrical vehicles from 12 per cent to 5 per cent. The council has also approved an exemption from GST on hiring of electric buses by the local authorities.
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GST Council to decide on tax cut on Electric Vehicles this week
India | Jul 21, 2019, 05:06 PM ISTThe 36th meeting of the Council, which will happen through video conferencing, is also likely to decide the valuation of goods and services in solar power generating systems and wind turbine projects for the purposes of levying GST.
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15th finance panel stresses on dialogue with GST council
India | Jun 25, 2019, 08:28 PM ISTFinance Commission Chairman N K Singh Tuesday stressed the need for a dialogue between the commission and Goods and Services Tax (GST) council to address various concerns on the taxation regime.
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'GST Council to consider reducing tax on electric vehicles'
Business | Jun 24, 2019, 01:20 PM IST"The matter has been placed before the GST Council and will be considered. As of now, it is pending before the council," Anurag Thakur said.
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GST Council Meeting: Single return for all businesses from January 1, 2020
India | Jun 21, 2019, 08:07 PM ISTBriefing reporters after the 35th meeting of the Council, Revenue Secretary A B Pandey said it has been decided to allow the use of Aadhaar by businesses to register with GST-Network.
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PM Modi's interview on GST: 'Is Rahul Gandhi 'abusing' Congress leaders by slamming GST?'
India | Jan 01, 2019, 11:44 PM ISTIn an interview to ANI, Modi emphasised that GST is a new system that is bringing about a "big transformation" and is driven technologically.