The ten-member Group of Ministers (GoM) panel, headed by the Union Minister of State for Finance Pankaj Chaudhary, met on Wednesday on the ongoing compensation cess issue. The meeting discussed the future of cess to states under the GST regime but no decision was taken says the minister.
Universities and research centers that have been established by a law of the Central Government; or established by a law of the State Governments; or that have obtained income tax exemption can receive research funds both from the government and from the private and they would not be subject
The GST Council that met on Monday decided to reduce the GST rate on certain cancer drugs from 12 per cent to 5 per cent, aimed at reducing the overall cost of cancer treatment.
"We have told them that they will look into this matter and come up with a report by the end of October 2024. The #GST Council which will meet in November, will finalise based on this report which will come from the GoM," she added.
The Ministry of Finance posted on X, "Union Finance Minister @nsitharaman chairs the 54th meeting of the GST Council, at Sushma Swaraj Bhawan, in New Delhi, today. Along with the Union Finance Minister, Union Minister of State for Finance @mppchaudhary ; Chief Ministers of Goa and Meghala
Aam Aadmi Party leader and Delhi Minister Atishi on Monday said that if GST is implemented on research grants that institutes recieve then the Delhi government and the Punjab government will strongly oppose it during the 54th meeting of the GST Council.
Delhi Minister Atishi on Sunday said that the central government would table a proposal to tax any online payments below Rs 2,000 done through payment gateways at 18 per cent, at the GST Council meeting scheduled for Monday.
The 54th Meeting of the Goods and Services Tax Council or GST Council, will be held on 9th September, 2024 in New Delhi, the GST Council said in a post on social media platform "X" on Tuesday.
Infosys says that the Karnataka State authorities are withdrawing the pre-show cause GST notice issued to the Infosys with a tax demand of Rs 32,403 crore, the company informed the exchange in a filing on Friday,