Monday, September 20, 2021
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GST Council

Aviation ministry exploring bringing jet fuel under GST

ATF or jet fuel cost, which account for for 45%-55% of an airline's operating expenses, in India is among the highest in the world and the industry has long been demanding that it should be brought under GST

CEA backs including petroleum products under GST

Petroleum Minister Dharmendra Pradhan had also urged Union Finance Minister Nirmalya Sitharaman to bring petroleum products under the ambit of the GST.

Govt to consider bringing down GST on pesticides to 5%

Along with fertilizers, pesticide is also an important agro input that helps in curbing pests and diseases on plants and plays a major role in increasing agricultural production.

Early inclusion of natural gas into GST fold likely

Though the dates for next GST Council meeting is yet to be finalised, finance minister sources said its due and may take place anytime after the budget presentation.

GST-registered small biz to file 4 sales returns in a year from Jan

From January onwards, small taxpayers would need to file only eight returns (four GSTR-3B and four GSTR-1 returns) in a year, one of the sources said.

GST Council to discuss compensation issue on Monday

Council, chaired by Finance Minister Nirmala Sitharaman and comprising of state finance ministers, will for the third time in a row discuss the issue of funding the shortfall of GST revenue of states

Centre to release Rs 20,000 cr to states as GST compensation

Finance Minister Nirmala Sitharaman said the states which received less apportionment of IGST for 2017-18, the Centre will next week transfer a cumulative Rs 24,000 crore to them

COVID-19 an ‘Act of God’, economy to contract this fiscal: Sitharaman

As per the Centre's calculations, states will be facing a shortfall of Rs 2.35 lakh crore in GST revenues in 2020-21.

Telangana demands Rs 5420 crore GST shortfall, Rs 2700 crore IGST

Telangana Finance Minister T Harish Rao said the Centre was depositing the leftover Cess amount in the Consolidated Fund and utilizing it.

41st GST Council meeting underway

New Delhi: The 41st Goods and Services Tax (GST) Council meeting is currently underway in the national capital on Thursday. Finance Minister Nirmala Sitharaman is...

GST Council urged to increase compensation cess on tobacco products

The additional revenue could significantly contribute to the increased need for compensation by different States during the pandemic and to disburse the dues already owed by the Centre

GST Council halves interest on delayed filing of GST returns

New Delhi: In a relief to small taxpayers with turnover up to Rs 5 crore, the GST Council on Friday halved the interest on...

GST Council may discuss ways to garner funds for states’ compensation

The 40th meeting of the GST Council, headed by Finance Minister Nirmala Sitharaman and comprising state counterparts, will be held via video conferencing.

Impose Covid cess on cigarettes and bidis: experts

Voluntary organisations have appealed for a Covid cess on cigarettes, bidis and smokeless tobacco products that can provide revenue of Rs. 49,740 crore.

GST Council meeting likely to be held on June 14

Tax collection has been hit due to lockdown imposed since March 25 to contain the spread of coronavirus.

Council may find it difficult to raise GST rates

A top government source said that the Centre is not in favour of increasing tax rates on any goods or service as it could further impact consumption and demand that is already suppressed due the Covid-19 pandemic and lockdown.

GST Council raises tax on mobile phones to 18 pc

The Council in its meeting chaired by the Union finance minister decided to waive late fee for delayed filing of annual returns for FY2018, FY2019 by entities with a turnover of less than Rs 2 crore.

Telangana: Somesh Kumar’s appointment as Chief Secretary welcomed

Hyderabad: The Telangana State Taxes Employees Association has welcomed the appointment of Somesh Kumar as the Chief Secretary of Telangana and said the department...

GST Council verifies new registrations

About Rs 25,170-crore online refund pertaining to 77,038 applications pending with authorities

Equity benchmark BSE Sensex, Nifty hit record peaks in early trade

Tata Motors was the top gainer in the Sensex pack rising up to 1.86 per cent, followed by Tata Steel, Tech Mahindra, M&M, TCS, Vedanta and Infosys.

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