Tag: GST Council

GST Council meet on December 31, to discuss rate rationalisation

NEW DELHI: 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. This will be a physical meeting, which will also discuss correction in duty inversion in certain goods. The 46th GST Council meeting will be […]

GST Council to meet again on October 12 over compensation plan

NEW DELHI: The GST Council will meet again on October 12 to discuss and try to reach a consensus between state governments and the Centre on the borrowing options for GST compensation, Finance Minister Nirmala Sitharaman said on Monday. The decision taken to meet again in October was suggested by Bihar Deputy Chief Minister and […]

States stare at Rs 2.35 lakh crore GST revenue shortfall; Centre gives 2 options to borrow via RBI

NEW DELHI: Amid a chorus by non-NDA ruled states for compensation of GST revenue shortfall, the Centre on Thursday presented two options to states under which they can borrow from the market to make up for the estimated deficit of Rs 2.35 lakh crore this fiscal. At the end of a five-hour long meeting of the […]

GST Council approves transition plan for new tax rates for real estate

NEW DELHI: The all-powerful GST Council on Tuesday approved a transition plan for the implementation of new tax structure for housing units, Revenue Secretary A B Pandey said. A reasonable time for transition will be given to developers in consultation with states, he told reporters here. The meeting deliberated on the transition provision and related […]

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