The home minister Rajnath Singh has assured that the central government is still open to consider any GST rate reduction in the view of recent 28th GST council meeting decisions.
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The home minister Rajnath Singh has assured that the central government is still open to consider any GST rate reduction in the view of recent 28th GST council meeting decisions.
In the 28th GST council meeting, it was finally decided to waive off the GST on sanitary pads and now they will not be taxed under the GST. But one must not be confused with the actual impact on the sanitary pad.
Finally, the GST council has provided some relief to the hospitality industry through the decision taken in the recent 28th GST council meeting held on 21st July.
All started when the MP High Court has supported the move to impose a fine of Rs. 1,32,13,683 on Gati Kintetsu Express Pvt Ltd as it failed to comply as per the requirement of the e-Way bill.
GST collection is been positive for a long time and now is the time, that the government should think upon the correct and optimum usage of the GST tax collections.
The impact of goods and services tax on the daily household is positive according to the reports and research did in the one year of this crucial time period i.e. the implementation of GST.
In the recently concluded National Conclave on Mines and Minerals Ms Aruna Sharma, Union Steel Secretary, stressed on rationalizing royalty and auction money before they can be subsumed as ITC under GST.
In a statement released today, the RBI said that states have been unable to achieve their gross fiscal targets owing to issues like higher salary expenses, limited revenue after GST implementation and loan waivers being offered to the farmers.
Arvind Subramanian, Chief Economic Advisor India mentioned in a statement that introducing a single GST rate is not relevant in India instead a three slab GST rate framework is a better option for stabilizing the revenues.