Tag: GST Council

No immediate need for GST rate cut as industry doing well right now: Maruti Suzuki

NEW DELHI: Maruti Suzuki India, the country’s largest car maker, on Thursday said there is no immediate need for GST rate cut on passenger vehicles...

The Borlaug legacy: The common link between farmers’ protests in Punjab and stubble burning

What links farmers’ protests in Punjab, pollution from stubble burning and, much less seriously, unjust GST rates on Malabar parottas? The link is Norman Borlaug...

GST Council fails to reach consensus on compensating states

The Goods and Services Tax (GST) Council was deadlocked on the issue of compensation to be paid to states on account of the shortfall stemming...

Finance Minister defends tax Ordinance, says it was needed to provide relief

Finance Minister Nirmala Sitharaman on Saturday defended ordinance to amend the tax laws saying it was needed to provide immediate relief to taxpayers from statutory...

Act of god or man, full compensation must be paid: Thomas Isaac, kerala Finance Minister

Kerala Finance Minister Thomas Isaac says the state is confident it will get its total dues from the Centre. With a big chunk of the...

Punjab CM Amarinder Singh questions centre’s recent GST move

Punjab Chief Minister Amarinder Singh says he is in complete shock and dismay after the central government refused to pay the GST compensation. Edited excerpts...

How the recent decision by GST council has further deepened states’ financial woes

Imagine the following scenario. Your annual income is down by 30% and you apply for a personal loan to just about cover the EMIs of...

Centre unlikely to cede ground on GST compensation

(This story originally appeared in on Aug 31, 2020) NEW DELHI: The government is unlikely to give in to demands for changing the compensation formula...

GST Council forcing states to borrow: Congress governments

NEW DELHI: The GST Council has imposed borrowing on states, Congress-ruled states have said. Addressing a news conference after the GST Council meeting on Thursday,...

Sonia Gandhi rallies Opposition CMs against Centre amid rift in Congress

NEW DELHI/MUMBAI: Seven Opposition Chief Ministers on Wednesday decided to seek a review of the Supreme Court decision to hold JEE and NEET examinations in...

Delayed GST payment: Interest to be charged on net tax liability from September 1

The government has said that interest on delayed payment of goods and services tax (GST) will be charged on net tax liability with effect from...