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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.
West Bengal finance minister is relentlessly pressurizing the point that the demonisation effect will also cover the GST and its roll out in coming future. West Bengal finance minister Amit Mitra said that, “the timing is not right for its implementation, given the impact on state finances because of the partial demonetisation, Demonetisation of Rs 500 and Rs 1,000 currency notes, and the resulting turmoil, makes April 1, 2017, target date for a national goods and services tax (GST) unlikely.”
The GST empowered committee of state finance ministers has selected a name, Dr. Amit Mitra as a new chairman of the committee. He is a West Bengal Finance Minister also. Moreover, the post of chairman was empty since November, 2015 as the Kerala Finance Minister KM Mani had left the post in November due to corruption charges.
The All States Finance Ministers have met together in a meeting on Friday regarding the GST Bill. The meeting was held in the context of cull a new chairman of the GST Panel and debate on the Bill. State FMs is willing to pass the Goods and Services Tax system. The empowered committee meeting is directed by the Delhi deputy chief minister, Mr. Manish Sisodia, said the states were “divided” over the threshold.
Ex Finance Minister of Kerala Mr. K M Mani has stepped down from his post of chairman of the empowered group of State Finance Ministers panel on Goods and Services Tax. He has resigned from his current post and sent his resignation letter to the Finance Minister of India, Mr. Arun Jaitley. He was taken oath of Chairperson of the panel of GST in the March, 2015.
Group of Ministers are expected to hold a meeting on 8th July for final discussions over reverse charge mechanism and tax discount on the digital payments under GST.
The Goods and Services Tax (GST) Council is acknowledging waiving the premiums filed for life and health insurance from GST. Towards the insurance sector, the GST on term life insurance premiums seems to be waived for all the individuals along with the plans that comprise family members. Senior citizens who pay the health insurance premium […]
The case revolves around appeals by Sarkar Diesel & Anr. against orders by the learned Single Judge in three writ petitions, where interim relief was denied. The Calcutta High Court heard the appeals and writ petitions together. Central Issue In the Case of Sarkar Diesel The problem is whether the Joint Commissioner of State Tax, […]
