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Search result for 'gst compensation cess'

Jaisalmer, Dec 21...

GST Council to Decide on Lower Insurance Taxes, ATF Inclusion

December 21, 2024 11:57
The 55th GST Council meeting will discuss reducing taxes on health and life insurance, bringing ATF under GST, and rate revisions on 148 items. Learn about the proposed changes and the impact on...

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Jaisalmer, Dec 20...

GST Council to Rejig Tax Rates on Insurance, Watches, Shoes & More

December 20, 2024 12:06
The GST Council is set to discuss rate changes on insurance premiums, luxury items like watches and shoes, and a potential new 35% tax slab for sin goods. The meeting will also deliberate on...

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New Delhi, Dec 2...

GST Compensation Cess: GoM Seeks Extension for Report

December 2, 2024 22:32
The GoM on GST compensation cess has requested a 6-month extension to submit its report to the GST Council. The GoM is examining legal issues related to the cess and its future course.

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Chandigarh, Dec 2...

Punjab Demands GST Compensation Cess Extension Beyond 2026

December 2, 2024 21:44
Punjab Finance Minister Harpal Singh Cheema calls for extension of GST compensation cess beyond March 2026 to mitigate revenue loss caused by GST implementation. He highlights the significant...

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New Delhi, Nov 2...

ADB Praises India's Fossil Fuel Subsidy Reforms

November 2, 2024 14:30
The Asian Development Bank (ADB) commends India's progress on fossil fuel subsidy reform since 2010, highlighting a 'remove, target, and shift' approach that reduced subsidies and boosted renewable...

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New Delhi, Oct 16...

GST Compensation Cess: Merger Discussion & Future

October 16, 2024 15:10
A panel of ministers discussed merging GST compensation cess into taxes. States propose restructuring the cess, ending in March 2026, with no new luxury goods added.

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New Delhi, Sep 15...

GST Compensation Cess GoM: Finance Minister to Convene, Future of Levy to be Decided

September 15, 2024 10:33
A Group of Ministers (GoM) will be convened by Union Minister of State for Finance Pankaj Chaudhary to decide on the future of GST compensation cess, apportionment between Centre and states, and...

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New Delhi, Aug 27...

GST Council to Discuss Rate Rationalization on Sep 9

August 27, 2024 19:42
India's GST Council will meet on September 9 to discuss rate rationalization and compensation cess on luxury and sin goods. The Finance Minister has stated that a final decision will be taken later.

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New Delhi, Jul 4...

GST Revenue Sacrifice: Former CEA Subramanian on Compensation &' Reforms

July 4, 2024 20:24
Former CEA Arvind Subramanian says Centre sacrificed significant GST revenue to compensate states, questioning the need for further reforms in the current climate.

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New Delhi, Jun 23...

GST Compensation Loans: Early Repayment by Nov 2025

June 23, 2024 12:55
India's central government may repay Rs 2.69 lakh crore in loans taken to compensate states for GST revenue losses by November 2025, four months ahead of schedule. The repayment plan will be...

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New Delhi, Feb 4...

Tobacco Packing Machines GST Registration: Rs 1 Lakh Penalty from April 1

February 4, 2024 11:47
Tobacco manufacturers face a Rs 1 lakh penalty for failing to register their packing machines with GST authorities from April 1. The move aims to curb revenue leakage in the sector.

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New Delhi, Feb 1...

India Budget Positive for Debt Market: Experts

February 1, 2024 21:38
India's interim budget aims to reduce fiscal deficit, which experts say is positive for the debt market. Bond yields expected to soften with lower borrowing.

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Thiruvananthapura...

Kerala Fund Dispute: Sitharaman Rejects Neglect Claims, Highlights Disbursements

November 25, 2023 17:02
Union Finance Minister Nirmala Sitharaman refutes Kerala's accusations of fund neglect, asserting timely disbursement and highlighting state's failure to meet criteria. Learn about the ongoing...

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