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  • Building an institution like GST Council takes time, trashing is easy: Sitharaman Sep 26, 2022 07:24 PM IST

    Building an institution like GST Council takes time, trashing is easy: Sitharaman

    The Union finance minister was responding to opposition criticism on issues surrounding the apex tax body

  • FM Sitharaman shrugs off proposal for fiscal council, cites resilience of Indian institutions Sep 13, 2022 08:03 PM IST

    FM Sitharaman shrugs off proposal for fiscal council, cites resilience of Indian institutions

    Speaking at a book launch, the finance minister also said institutions already in place need time to settle down

  • Finance minister reiterates all states agreed with recent GST Council decisions Aug 02, 2022 07:23 PM IST

    Finance minister reiterates all states agreed with recent GST Council decisions

    “I take extreme pride to say that Council has applied its mind at various levels,” Nirmala Sitharaman said.

  • GST Council looks at interest of common man, needs of revenue, says finance minister Jul 26, 2022 05:55 PM IST

    GST Council looks at interest of common man, needs of revenue, says finance minister

    The Opposition has been stalling parliamenatry proceedings, demanding a debate on inflation and GST on staples such as rice, dal and curd

  • GST on essential items after states sought levy, aimed to check evasion: Official Jul 24, 2022 01:52 PM IST

    GST on essential items after states sought levy, aimed to check evasion: Official

    The decision to levy the tax, which came into effect from July 18, is not that of the Union government but of the GST Council.

  • Kerala’s GST deviation needs legal backing; council dispute mechanism should kick in: Experts Jul 21, 2022 01:14 PM IST

    Kerala’s GST deviation needs legal backing; council dispute mechanism should kick in: Experts

    The GST Council in June tweaked norms to impose a 5 percent tax on pre-packaged and labelled pulses, cereals, flour and other items for packs of up to 25 kg. These staples when sold loose continue to be exempt from GST

  • GST Council recommendations pertaining to rules, rates binding on states: Junior Finance Minister Jul 19, 2022 03:44 PM IST

    GST Council recommendations pertaining to rules, rates binding on states: Junior Finance Minister

    The Supreme Court earlier this year had said that the GST Council’s recommendations are not binding on states

  • Few states seek extension of GST compensation for 5 years: FM Nirmala Sitharaman Jul 18, 2022 05:35 PM IST

    Few states seek extension of GST compensation for 5 years: FM Nirmala Sitharaman

    GST Council, in its 42nd meeting, has recommended extending the period of levy of GST Compensation cess beyond June 2022 to cover the entire shortfall as well as servicing the back-to-back loan released to states

  • Pay GST on pre-packed, labelled food items, hospital rooms above Rs 5,000 from July 18 Jul 17, 2022 11:13 AM IST

    Pay GST on pre-packed, labelled food items, hospital rooms above Rs 5,000 from July 18

    Last month, the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising her state counterparts, had pruned the exemption list and imposed tax on a host of goods and services.

  • Ministerial panel on GST levy on casinos, online gaming and race courses likely to submit report tomorrow Jul 11, 2022 04:52 PM IST

    Ministerial panel on GST levy on casinos, online gaming and race courses likely to submit report tomorrow

    The GoM, headed by Meghalaya Chief Minister Conrad Sangma, was given a period of 15 days to finalise its report at the GST Council meeting held on June 28-29.

  • Supreme Court has not altered fundamental features of GST, says finance minister Jul 01, 2022 09:22 AM IST

    Supreme Court has not altered fundamental features of GST, says finance minister

    Nirmala Sitharaman also says it is reasonable to expect the steady growth trend in GST revenue to continue.

  • Interview | GST Council, not Centre, must take call on compensation, says Tamil Nadu’s PTR Jun 30, 2022 09:42 AM IST

    Interview | GST Council, not Centre, must take call on compensation, says Tamil Nadu’s PTR

    The five-year compensation period for states under the Goods and Services Tax regime ends on June 30. According to Tamil Nadu Finance Minister Palanivel Thiaga Rajan, if the GST Council is truly a federal body, it must decide whether states should be compensated for any revenue shortfall beyond this month.

  • Moneycontrol Daily: Your Essential 7 Jun 30, 2022 06:15 AM IST

    Moneycontrol Daily: Your Essential 7

    A daily round-up of the most interesting articles to help jump-start the day.

  • 47th GST Council Meeting: FM Nirmala Sitharaman announced the outcomes of two-day meet while addressing media Jun 29, 2022 07:50 PM IST

    47th GST Council Meeting: FM Nirmala Sitharaman announced the outcomes of two-day meet while addressing media

    Finance Minister Nirmala Sitharaman addressed the media on June 29 to announce the outcomes of the two-day meeting of the 47th Goods and Services Tax (GST) Council in Chandigarh.

  • Moneycontrol Selects: Top stories this evening Jun 29, 2022 07:44 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles to help you stay at the top of your game.

  • GST average rates need correction, finance minister says Jun 29, 2022 05:05 PM IST

    GST average rates need correction, finance minister says

    The GST Council has over the years reduced several tax rates, resulting in an average rate of about 11.5 percent against the so-called revenue-neutral rate of 15 percent

  • GST Council gives GoM three months to decide on rate rationalization Jun 29, 2022 04:35 PM IST

    GST Council gives GoM three months to decide on rate rationalization

    The council also considered a report by another group of ministers on taxing online gaming, casinos and horse racing and have given the GoM time until July 15 to firm up its report after speaking to stakeholders.

  • Dozen states seek GST compensation extension by five years, ministers say Jun 29, 2022 03:55 PM IST

    Dozen states seek GST compensation extension by five years, ministers say

    According to top state ministers, dozen states have asked that the Goods and Service Tax (GST) compensation be prolonged by five years.

  • GST Council Meet Highlights | GoM report on exemption, inverted duty structure accepted; next meeting in August Jun 29, 2022 10:17 AM IST

    GST Council Meet Highlights | GoM report on exemption, inverted duty structure accepted; next meeting in August

    GST Council Meet Highlights | The GoM on tribunals will be set up in a couple of days, Finance Minister Nirmala Sitharaman said, adding that their recommendations would likely be discussed at the next GST Council meeting in Madurai in first week of August.

  • Why states must prepare for life without GST compensation Jun 29, 2022 09:53 AM IST

    Why states must prepare for life without GST compensation

    While states are demanding that compensation for the revenue loss from GST be continued beyond June 30, neither the states nor the Centre have many options on the issue.

  • Moneycontrol Daily: Your Essential 7 Jun 29, 2022 06:05 AM IST

    Moneycontrol Daily: Your Essential 7

    A daily round-up of the most interesting articles to help jump-start the day.

  • Moneycontrol Selects: Top stories this evening Jun 28, 2022 07:16 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles will help you stay at the top of your game.

  • GST Council to discuss compensation to states, tax on online gaming on June 29 Jun 28, 2022 06:38 PM IST

    GST Council to discuss compensation to states, tax on online gaming on June 29

    The two heavyweight subjects are on the agenda for June 29 after the interim report on rate rationalisation of the Group of Ministers was accepted on June 28.

  • GST Council accepts interim report of GoM on rate rationalisation, sources say Jun 28, 2022 06:08 PM IST

    GST Council accepts interim report of GoM on rate rationalisation, sources say

    The GoM, chaired by Karnataka Chief Minister BS Bommai, was tasked with looking into matters related to rate rationalisation and correction of the inverted duty structure.

  • GST Meet Highlights | Interim GoM report on rate rationalisation accepted; states seek continuation of GST compensation, say sources Jun 28, 2022 01:31 PM IST

    GST Meet Highlights | Interim GoM report on rate rationalisation accepted; states seek continuation of GST compensation, say sources

    GST Council is meeting to deliberate on a range of issues, including GST compensation, the debate over rate rationalisation and other critical aspects. Moneycontrol will be tracking the developments closely to get you latest news and updates.

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