Govt taking steps to boost consumption: Nirmala Sitharaman
She said that the government has expedited payments to those who have rendered services especially the MSME sector. She said that the government is making all efforts to take India to the $5 trillion GDP goal. On the likelihood of a GST rejig, she dismissed the reports saying that the buzz is everywhere except her office.
States divided on raising rates: GST Council may discuss plugging revenue leakage
The states remain divided on the issue of raising rates or ...
FM Nirmala Sitharaman at IEC: Making all efforts to be on track for 5 trillion economy
The government is taking all the efforts to boost the ...
Centre working with states to improve GST collection: FM
In order to spur growth, the government is trying to frontload infrastructure.
Wrong time to raise GST rates, cautions former GST Council member
This is the worst time to raise the rates of GST on essential commodities. This will further squeeze the spending power of large sections of people. Gowda, a US-educated lawmaker from Bengaluru. His comments came amid reports that the GST Council, chaired by the Finance Minister Nirmala Sitharaman, is considering major changes in the GST rates.
Govt will continue to intervene as long as needed: Nirmala Sitharaman
"I am in constant touch with the industry and various sections seeking out interventions. I expect to be on track for $5 trillion target. We need to address the challenges and difficulties. I am not comparing our numbers today to what it should be but focussing on moving towards achieving the target," Sitharaman said.
Food cos write to FM Nirmala Sitharaman as GST fears mount
There is widespread speculation that rate increases will be announced at the GST Council meeting on December 18 on diverse categories including processed foods, healthcare services and mobile phones.
Buzz of GST rate hike everywhere except my office: Nirmala Sitharaman
"Buzz is everywhere other than my office," Nirmala Sitharaman said. She was responding to a question on whether the GST Council, which will meet on December 18, take up the matter of hike in rates as the shortfall has hit revenue target of the government. States have complained of delay in GST compensation owing to the shortfall in GST kitty.
Eatery levies both GST & service charge, fined
Observing that levying service charge in addition to goods and services tax (GST) amounts to unfair trade practice, a consumer forum has ordered a Mumbai restaurant to pay a compensation of Rs 10,000 to a Ghatkopar woman after it refused to scrap the service charge it had levied along with GST.
Buzz of increasing GST rates everywhere except my office: FM Nirmala Sitharaman
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 ...
Rising GST rates will aggravate economy further: Arvind Subramanian, former CEA
The former CEA Arvind Subramanian feels that individual income-tax cut is not going to boost demand. He has been reacting to news reports th...
GST rates may go up for various items to meet revenue shortfall
The all-powerful GST Council, headed by Finance Minister Nirmala Sitharaman, is set to meet on December 18 in the backdrop of lower-than-expected GST collection. As of now, there are four slabs under the GST regime -- 5, 12, 18 and 28 per cent. Goods and services under the 28 per cent category also attract cess over and above the rate.
US-China trade deal, GST Council meet, RBI minutes to guide Dalal Street this week
US agreed to a phase 1 of trade deal with China on Friday, averting Dec 15 round of tariffs.
GST Council meet: Centre to propose hiking 5% rate slab
Centre may propose hiking 5% GST rate to between 6% and 8%. GST officers panel to suggest rate restructuring in next GST meet on December 18...
The pushback over delays in GST transfers by the Centre is the latest instance of states’ growing assertion on the fiscal front
Several states are now claiming that the Centre has not compensated them for loss of revenue from GST.
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