Friday, 21 January, 2022
TopicGST Council

Topic: GST Council

GST law brought a drastic change. But only a digital GSTAT can be the model for tribunals

The GSTAT would be outside the GST authorities' control. It can protect taxpayers’ rights and revenue interests of the govt.

GST Council levies 5% tax on food delivery apps, extends concessional rates on Covid drugs

Finance Minister Nirmala Sitharaman also said the Council decided that it was not the right time to include petroleum products within the GST ambit.

Roti vs Malabar parotta, papad vs fryum – bizarre GST slabs for similar goods spark 4,600 cases

Since GST rollout in July 2017, many items are being taxed at varying rates despite their strong likeness. Experts say this is likely to continue unless slabs are reduced.

GST revenue at over Rs 1.16 lakh crore in July, 33% higher than in same month last year

Goods and Services Tax (GST) collection in July 2020 was Rs 87,422 crore. It was Rs 92,849 crore in June this year.

Special GST council session soon to discuss compensation-related issues, says Sitharaman

Union Finance Minister Nirmala Sitharaman also said that the flow of Covid-19 vaccination across the country will be well managed and all states will be taken care of.

Covid essentials get GST relief, but rift between Modi govt & Congress-ruled states persists

Punjab FM termed exclusion of Congress-ruled states from GoM that decided GST rate cuts on Covid goods as 'preposterous'. Sitharaman said groups not constituted on political affiliations.

GST Council cuts tax on Covid-19 medicines, testing kits and medical equipment

While GST on Tocilizumab and Amphotericin B is slashed to nil from 5 per cent, the rate on Remdesivir and Heparin is lowered from 12 per cent to 5 per cent.

TN minister Thiaga Rajan slams Goa minister, says he was ‘repetitive, vacuous’ at GST meet

War of words broke out after Goa minister Mauvin Godinho accused Tamil Nadu Finance Minister Palanivel Thiaga Rajan of trying to belittle the western beach state.

Why everyone won’t be happy with GST relief on Covid related items

Exemption given from IGST extended to even paid imports of Covid relief material, is likely to benefit NGOs recognised by states. But many others will be left out.

GST Council likely to discuss tax cuts on Covid goods, revenue shortfall to states on Friday

Ahead of the council's first meeting, finance ministers of 8 non-BJP-ruled states have devised a joint strategy to press for a zero tax rate on Covid essentials, sources said.

On Camera

YourTurn

The BBC Broadcasting House in London

BBC is Britain’s only imperial legacy with purpose, UK must value it to remain in soft-power war

It’s deeply worrying that the Johnson govt, filled with defenders of the country’s imperial past, seems intent on rendering this last great British asset valueless.

Mahindra expects strong recovery in auto sales as supply chain constraints ease

According to Mahindra, the auto industry is poised for a very strong rebound because it has been buffeted by a number of factors over the last 2-3 years.

Defence

File image of German Ambassador to India Walter J. Lindner | Twitter | @AmbLindnerIndia

Won’t be silent if rules-based order challenged, envoy Lindner says as German warship visits

In an exclusive interview, the German ambassador to India said port call of the German warship Bayern in Mumbai shows the significance of the Indo-Pacific region.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.
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