The Centre’s move to bring the Goods and Services Tax Network (GSTN) under the purview of Prevention of Money Laundering Act (PMLA) was to empower the relevant investigating agencies to deal with tax fraud and money laundering matters, and not giving outright access to data to any party, sai
Sitharaman said the entire pending balance of the GST compensation cess -- a total of Rs 16,982 crore -- will be cleared and "although this amount is not available with the compensation fund as of today, we have decided to release from our own resources and the same amount will be recoupe
The GST Council, chaired by Union Finance Minister Nirmala Sitharaman, will meet on February 18. The 49th GST Council meeting is likely to take up issues relating to taxation on 'pan masala' and 'gutka' companies, setting up of appellate tribunals, and GST levy on online gaming, casino, and
"In this 48th GST Council Meeting, there hasn't been any tax increase on any item. No new taxation has been brought in. Everything that has been done is to issue clarifications where ambiguity of interpretations prevailed, "Sitharaman said at the conclusion of the meeting.
Union Finance Minister Nirmala Sitharaman, who is the chairperson of the GST Council, said as many as 15 items were on agenda during today's GST Council meeting, of which eight were completed, and the remaining are to be carried forward to the next council meet.
The Group of Minister's (GoM) report on setting up appellate tribunals to hear disputes, and decriminalisation of GST law will be the key agenda of the 48th GST Council Meeting, sources told ANI. The 48th GST Council meeting is scheduled to be held on December 17 through video conferencing.
New Delhi [India], July 19 (ANI): The decision to impose 5 per cent goods and services tax (GST) on specified pre-packaged food items is based on the recommendation of the GST council, which has representation from both the Centre and the states, the government sources said.
New Delhi [India], July 18 (ANI): The recommendations on Goods and Services Tax rates that were made during the 47th GST Council meeting held in June come into effect today.
New Delhi [India], July 18 (ANI): Communist Party of India (Marxist) floor leader in Rajya Sabha, Elamaram Kareem on Monday gave notice under rule 267 to suspend business and discuss the issue of price rise and imposition of 5 per cent GST on essential items.