Nirmala Sitharaman Says All GST Compensation Dues Will Be Cleared

The government will clear the entire goods and services tax, or GST, compensation dues of Rs 16,982 crore from its own pocket today, Finance Minister Nirmala Sitharaman said after a meeting of the council that sets GST rates.

Union Finance Minister Nirmala Sitharaman today chaired the 49th meeting of the Goods and Services Tax (GST) Council, in Vigyan Bhawan, New Delhi.

Petroleum products can be part of GST and what is needed is the nod from the council members, said Union finance minister Nirmala Sitharaman on Wednesday.

The West Bengal government on Friday night said the Centre owes it Rs 2,409.96 crore, responding to Union Finance Minister Nirmala Sitharaman's statement that the state has not sent GST compensation cess claim with accountant general (AG) certificate

Vivek Johri said the GST and Customs revenue collection numbers as given in Budget 2023-24 are realistic based on nominal GDP growth and import trends.

Ahead of the presentation of the Union Budget for fiscal 2023-24, on Wednesday, Chattisgarh Chief Minister Bhupesh Baghel said locals have put forward a demand for new trains in Jagadalpur and Surguja areas.

The GST collection in January surged to over Rs 1.55 lakh crore, the second highest-ever mop-up, the finance ministry said on Tuesday.

Currently, core educational services are exempted from GST but Edtech products such as online courses and classes fall under the 18% GST slab.

The industry leaders have been pleading with the government to levy GST at 18% instead of raising it to 28% for online gaming

The GST Council is the only institution in the country today which is totally federalist, Mr Mitra further argued, saying ministers of 31 states and union territories are part of the council, chaired by the Finance Minister of India.

The budget should outline supportive policies, simplified regulations, and simple GST norms to aid in the development of the pharmaceutical industry, Indian Pharmaceutical Alliance (IPA) Secretary General Sudarshan Jain said.

The Agro Chem Federation of India (ACFI) urged the government to bring down the GST on crop protection chemicals to 5 per cent at par with fertilisers.

Congress leader Rahul Gandhi today said Ludhiana's small and medium businesses can compete with China if they are given adequate support even as he attacked the Punjab government and the Centre for not supporting them.

Congress leader Rahul Gandhi on Friday launched a scathing attack on the BJP-led government at the Centre over a host of issues, including the Agnipath scheme and GST.