GST Council tweaks rates for range of products and services

New Delhi: Union Finance Minister Nirmala Sitharaman presided over preliminary discussions with finance ministers from states and Union Territories to gather their perspectives ahead of the upcoming Budget.

Centre will clear entire GST compensation dues: Nirmala Sitharaman

New Delhi/IBNS: The government will clear the GST compensation, including the entire pending balance of Rs 16,982 crore for June 2022 due as of Saturday, Finance Minister Nirmala Sitharaman said.

GST council meeting defers rate hike on textiles amid opposition from states, industry

New Delhi/IBNS: The GST council meeting chaired by finance minister Nirmala Sitharaman Friday decided to defer the rate of hike on Textiles from 5 percent to 12 percent till the next meeting in February, media reports said.

GST Council meet on May 28; likely to discuss States' Covid-related demands

New Delhi/UNI: The Goods and Services Tax Council will meet on May 28 after a gap of seven months amid calls from States for policy measures related to COVID-19 pandemic.

No consensus arrived at GST Council meeting on borrowing options: Nirmala Sitharaman

New Delhi/UNI: Finance Minister Nirmala Sitharaman on Monday said that no consensus could be generated at the GST Council meeting on borrowing options.

27th GST council meeting discusses change in GST rate for digital transactions

New Delhi, May 4 (IBNS):  The Goods and Services Tax Council on Friday discussed in detail the proposal of a concession of 2% in GST rate [where the GST rate is 3% or more, 1% each from applicable CGST and SGST rates] on B2C supplies, for which payment is made through cheque or digital mode, subject to a ceiling of Rs. 100 per transaction, so as to incentivise promotion of digital payment.