In a landmark meeting, they passed a unanimous resolution urging the Group of Ministers (GoM) to abandon its proposal to modify Goods and Services Tax (GST) rates in the garment sector and retain the existing structure of 5 per cent and 12 per cent.
Goods and Services Tax (GST) collections in December, in gross terms, were at Rs 1.76 lakh crore, with a yearly jump of 7.3 per cent, according to data from the finance ministry released on Wednesday.
Congress leader Ranjeet Ranjan on Tuesday slammed the government over the move to have three different GST rates on popcorn and said people were already reeling under high prices and an effort is being made to divert from real issues.
Congress veteran and Rajya Sabha MP Jairam Ramesh on Sunday took a potshot over the GST Council's clarification on three different GST tax slabs for popcorn.
No major decisions were made during the 55th meeting of the Goods and Services Tax (GST) Council, held in Jaisalmer. The Council postponed key decisions on issues such as rate rationalisation and the determination of tax rates on insurance premiums.
Union Finance Minister Nirmala Sitharaman chairs the 55th meeting of the Goods and Services Tax (GST) Council which is underway in Jaisalmer of Rajasthan on Saturday.
The proposed rationalisation of GST rates on health and life insurance products will be on the agenda for the upcoming Council meeting on Saturday in Jaisalmer, sources said.
The Goods and Services Tax (GST) collections have gone up by 9.3 per cent so far in the current fiscal 2024-25 to Rs 14.56 lakh crore. In the April-November period of last year, the tax mop-up was Rs 13.32 lakh crore.
Congress MP Vijayakumar alias Vijay Vasanth on Monday gave an adjournment motion notice in Lok Sabha and urged discussion of the pressing issue of removal of the Goods and Services Tax (GST) on agricultural products and essential food items.
Goods and Services Tax (GST) collections in October, in gross terms, were at Rs 1.87 lakh crore, with a yearly jump of 8.9 per cent, according to data from the finance ministry released on Friday.
The Enforcement Directorate (ED) has broadens its ambit of investigation against an organized web of 200 fake and shell entities being operated by the accused persons in order to fraudulently receive and pass on fraudulent input tax credit to the tune of crores of rupees to ineligible firms