Tuesday, April 1, 2025

Centre, states make headway on key GST issues

Date:

Share post:

New Delhi: Making headway on the long- pending GST Bill, the Centre and States on Tuesday agreed on the principle that the tax rate will be lower than the current levels even as the broad consensus emerged that the rate should not be part of the statute.
A meeting of the Empowered Committee of State Finance Ministers convened by Finance Minister Arun Jaitley also agreed to include in the Constitutional Amendment Bill the mechanism of compensating states for any loss of revenue in first five years of Goods and Service Tax (GST) subsuming all indirect tax levies including VAT. (PTI)

Related articles

SC dismisses plea against Gujarat govt’s acquisition of Sabarmati Ashram

New Delhi, April 1: The Supreme Court on Tuesday refused to entertain a plea filed by Mahatma Gandhi's...

Achieved new milestone, Left-wing extremism most affected districts down to 6, says HM Shah

Raipur, April 1: India has taken a big leap forward in its mission to eradicate Naxalism, marking a...

PM Modi and Chilean President hold bilateral talks at Hyderabad House

New Delhi, April 1: Prime Minister Narendra Modi on Tuesday met Chilean President Gabriel Boric Font at the...

German woman raped by cab driver in Hyderabad

Hyderabad, April 1: A 25-year-old German woman was allegedly raped by a cab driver on the outskirts of...