GST Council meeting

GST Council meet: States’ compensation, tax tweaks on cards | 5 points

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The GST Council, headed by Union finance minister Nirmala Sitharaman and comprising representatives of all states and UTs, is meeting after a gap of six months. The GST Council is likely to makes changes in goods and services tax rates on a handful of items during the two-day meeting in Chandigarh starting Tuesday. But the …

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Rationalisation of tax rates to aid in revenue buoyancy: CBIC chairman

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[ad_1] Ahead of the Goods and Services Tax (GST) Council meeting in a month or so, Central Board of Indirect Taxes and Customs (CBIC) chairman Vivek Johri on Thursday said that reforms in the rate structures and rationalisation of tax rates are crucial for improving revenue efficiency and buoyancy. GST collections have been consistently higher …

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