GST Council Meeting: Which goods, services will become costlier, what will be cheaper this time? Key expectations

GST Council Meeting: Which goods, services will become costlier, what will be cheaper this time? Key expectations

The Finance Ministry will conduct the Goods and Services Tax (GST) Council Meeting in New Delhi today (June 22). Union Finance Minister Nirmala Sitharaman will presiding over the meeting. Although the meeting’s agenda is yet unknown, it is expected that the state ministers would table their requests. Saturday’s Council meeting will be held after a … Read more

Centre devolves Rs 3.09 lakh cr to states till July

Centre devolves Rs 3.09 lakh cr to states till July

The Centre has devolved over Rs 3.09 lakh crore to states till July of the Rs 10.21 lakh crore budgeted to be transferred in the current fiscal, Minister of State for Finance Pankaj Chaudhary said on Tuesday. “Out of Rs 10.21 lakh crore estimated to be transferred to states for the FY 2023-24, Rs 3,09,521.22 … Read more

GST mop-up in July at Rs 87,422 crore, slips from June collections

GST mop-up in July at Rs 87,422 crore, slips from June collections

The government collected goods and services tax (GST) of Rs 87,422 crore for July, lower than that collected in June, indicating a stability in collections, analysts said. “During the previous month, a large number of taxpayers also paid taxes pertaining to February, March and April 2020 on account of the relief provided due to COVID-19,” … Read more