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Finance Minister Buggana Rajendranath Reddy inaugurated a GST Seva Kendram and unveiled the Vision and Mission of the Commercial Taxes Department. Additionally, he introduced a compendium comprising Standard Operating Procedures (SoP), circulars, and peer learning material linked to State tax matters. The event took place on Monday. The primary goal of the GST Seva Kendram […]
The Kerala GST Department released a Standard Operating Procedure (SOP) on November 21, 2023, labelled as SGST/973/2023-LEGAL3, specifically addressing cases under the Insolvency and Bankruptcy Code (IBC), 2016 that come before the National Company Law Tribunal (NCLT). The IBC, established in 2016, aimed to streamline the diverse insolvency laws. It delegates insolvency proceedings to specialized […]
The 7-member GST rate rationalization panel is anticipated to see Uttar Pradesh Finance Minister Suresh Kumar Khanna as its convenor, according to an official source. There are expected replacements in the Group of Ministers (GoM), where West Bengal Finance Minister Chandrima Bhattacharya and Bihar Finance Minister Vijay Kumar Choudhary will take the positions formerly held […]
The financially strapped Kerala government intends to request that the Central government consider waiving the royalty on earth/boulders and refunding the State Goods and Services Tax component for the National Highway projects in the state—the Ernakulam Bypass and Kollam-Shenkottai NH. The State has already asked the Centre to waive the proposed 25% State share of […]
Bengal is among the 10 states which have not submitted the accountant general’s report to settle GST compensation, said the finance ministry officials. The other states they mentioned were Andhra Pradesh, Goa, Kerala, Mizoram, Nagaland, Punjab, Sikkim and Uttarakhand, and the Union Territory of Jammu and Kashmir. Finance Minister Nirmala Sitharaman, after the GST Council […]
In the delay of Goods and Services Tax (GST) compensation to some states the Union Finance minister, Nirmala Sitharaman has attributed to the unavailability of Accountant General (AG)’s authenticated certificates. As per the Finance minister, within the statute, AG’s certification is mandatory between the Centre, states, and the AG (accountant general), and it is an […]
Union FM Nirmala Sitharaman has shown the list of items, no GST would be drawn on them on loose selling and not prepacked or prelabeled. In between the protests by the opposition members on the GST levy on some new items and on the increase in the cost. Opposing the 5% GST on the food […]
The union finance ministry on Thursday announces that the present government congress who rules Rajasthan became the 25th member of the Goods and service tax (GST) administration to admit Rs 1.1 lakh crore through all members so as to fill the gap built during the lockdown in 2020-21 as given by the centre. From the […]
The Finance Minister of Andhra Pradesh Yanamala Ramakrishnudu showed his worry about the decision taken by GST (Goods and Services Tax) Council by choosing the agenda items without discussing with the state government.
