Source: https://taxguru.in/goods-and-service-tax/recommendations-49th-gst-council-meeting.html
Government of India to clear entire pending balance GST compensation of Rs. 16,982 crore for June’2022.
GST Council adopts report of Group of Ministers (GoM) on GST Appellate Tribunal with certain modifications.
The Union Finance Minister, Union Minister of State for Finance Pankaj Chaudhary, besides the finance ministers of states and Union Territories (with legislature) and senior officers from the Union government and states, attended the meeting
Read MoreSource: https://www.livemint.com/news/india/what-gst-council-meet-is-debating-today-11676710579644.html
The 49th meeting of the federal indirect tax body, the Goods and Services Tax (GST) Council, is now underway to decide on key tax matters. Mint takes a look at what to expect from the meeting.
Read MoreUnion Finance Minister Nirmala Sitharaman on 18 February said that the entire pending GST compensation will be cleared.
Read MoreThe FM added the government would release ₹16,982 crores from their own resources and the same amount will be recouped from the future compensation cess collection.
Read MoreThe Union government is planning to widen its goods and services tax (GST) by tapping a section of kirana stores, a top tax official said today, as New Delhi looks to bring more elements of the economy into the tax net
Read MoreThe 49th GST meeting is being held after the presentation of the union budget earlier this month which offered to extend the 50-year interest-free loan to states for another year
Read MoreAIIFA said that the induction furnace sector contributes around 35% to the total steel production in India, requesting the government to rationalise the GST structure
Read MoreSource: https://taxguru.in/goods-and-service-tax/representation-suggestions-important-gst.html
Myself Manoj Agarwal, Advocate have been making my little efforts in sharing knowledge on GST at various platforms in the name of GSTsathi. I am making active contribution since the introduction of Constitution Amendment Bill leading to 101st Amendment Act, 2016.
Read MoreSitharaman says the government had kept micro, small and medium enterprises in mind while making the budget, which also emphasised on strong capital expenditure by the Centre and sustaining eonomic growth momentum
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