Empowered Committee Of State Finance Ministers

Finance Minister Arun Jaitley will participate in the meeting of Empowered Committee of State Finance Ministers and try to iron out differences over the new regime that will subsume all indirect taxes and create one national market under the Goods and Services Tax (GST).

Amit Mitra named chairman of GST committee of state FMs

Mitra, an economist who for long was Secretary General of industry association Ficci before joining politics in 2011 and becoming a minister in the TMC government in West Bengal, was elected at the meeting of state finance ministers that was also attended by Union Finance Minister Arun Jaitley.

Centre circulates model GST laws among states

According to a government official, the Empowered Committee of state Finance Ministers is likely to meet this month to discuss the legislations -- CGST, SGST and iGST.

States demand full compensation for 5 yrs after GST rollout

Although the Union Government has agreed to compensate states fully in the first three years and partially in fourth and fifth year, the states have demanded for full compensation for the five-year period.

Amendment Bill, compensation roadblocks to GST: Sushil Modi

Modi says another big hurdle is compensation. Though finance minister P Chidambaram has provided for Rs 9,000 crore in this Budget for the year 2010-2011, not a single penny has been given to the states. The rest of the years have not even been mentioned, he adds.

Sushil Modi to resign as GST panel chief

Former Bihar Deputy Chief Minister Sushil Kumar Modi has decided to quit his post of chairman of the empowered committee of state finance ministers on the Goods and Services Tax (GST).

Chidambaram to meet State FMs on GST on Nov 8

Finance Minister P Chidambaram will meet members of the Empowered Committee of State Finance Ministers on November 8 to sort out issues concerning implementation of the Goods and Services Tax (GST).

States-Centre tiff might hit GST; state-govts seek more aid

CNBC-TV18's Aakansha Sethi explains that the state-governments demanded for compensation from the Centre for a cut in the Central Sales Tax (CST) at a meet in New Delhi on Friday.

Parliament panel report on GST before Monsoon Session: Modi

The Parliamentary panel on Goods and Services tax (GST) is expected to submit final report before the Monsoon Session, Chairman of the Empowered Committee of State Finance Ministers Sushilkumar Modi said today.