GST Council's 38th Meeting On Wednesday: 10 Things To Know

The GST Council, chaired by Finance Minister Nirmala Sitharaman, is due to meet on Wednesday. Economists, analysts, corporates and market participants will look out for any major announcements on GST rates after the conclusion of the 38th meeting of the top decision-making body of the indirect tax regime. Ever since the roll-out of the GST or goods and services tax in...

GST Council Meeting: The GST Council, the highest decision-making body of the indirect tax regime, is slated to hold its meeting on December 18.

The Shiv Sena on Saturday warned that if the government fails to pay the Goods and Services Tax (GST) compensation, it could trigger a confrontation between states and the centre. The Sena said the centre's policies were responsible for the "economic anarchy" in the country.

Ahead of the crucial meeting of the GST Council, Finance Minister Nirmala Sitharaman on Friday said the buzz of an increase in GST rates is everywhere other than her office.

"Till now, sectors that have demanded some kind of intervention, we have responded to them. I'll be keen to see whether these steps are meeting the expectations of the sectors. If not, I may want to see if I need to do more. As of now, there is no other sector that has approached me as yet," she added

National anti-profiteering agency has penalised the FMCG giant for not passing on the benefit of the goods and services tax reduction to consumers.

The Maharashtra government is awaiting its "legitimate dues" of Rs 15,558.05 crore including GST compensation up to November 2019 from the Centre, Chief Minister Uddhav Thackeray wrote to Finance Minister Nirmala Sitharaman. In his letter the Chief Minister has sought immediate release of the amount.

"The apex committe will be chaired by the Commerce and Industry minister. I will chair one committee. We will soon call a meeting on inter-ministerial discussion with department of revenue, department of financial services, corporate affairs ministry, health ministry, CBDT, CBIC, regulatory bodies like Sebi, RBI to examine the issues raised by the startups," the secre...

As per the arrangement, people with suggestions can approach GST offices across the country and give their suggestions. In a statement on Friday, the Ministry of Finance said: "All GST stakeholders are requested to actively participate in these feedback sessions in their nearest CGST or SGST Offices across the country."

Finance Minister Nirmala Sitharaman on Saturday invited those who are interested in providing suggestions on simplifying and easing the Goods and Services Tax (GST) filing process.

Maharashtra may be among the non-BJP-ruled states which raised alarm about delay in payment of GST compensation recently, NCP leader Dhananjay Munde claimed on Thursday and called for flagging the issue at the Centre's level.

Former union minister and Congress leader Shatrughan Sinha on Thursday said he has no personal enmity with anyone and raised voice against demonetisation and implementation of Goods & Services Tax (GST) in the interest of the people.

Gold prices were last seen at Rs 38,540 per 10 grams in the national capital on Wednesday, according to industry body India Bullion and Jewellers' Association (IBJA). These rates are exclusive of a 3 per cent Goods and services Tax (GST) and making charges, IBJA mentioned on its website. IBJA is a Mumbai-based association consisting of gold dealers, traders and jewell...

It is embarrassing to come and ask for money, Union Finance Minister Nirmala Sitharaman was told by counterparts from Kerala, Rajasthan, Punjab, Madhya Pradesh, Chhattisgarh and Delhi at a meeting in Delhi today