GST council meet Current Affairs, GK & News
45th GST Council Meeting-Highlights
45th GST council Meeting was chaired by Finance Minister Nirmala Sitharaman on September 17, 2021 in Lucknow. Discussions over bringing petrol & diesel under the GST regime was discussed and several key decisions were taken. Highlights Issue of Petrol & Diesel was discussed as Kerala High Court had questioned it. However, Council decided not to ..
Month: Current Affairs - September, 2021
Category: Economy & Banking Current Affairs
Topics: 45th GST Council Meeting • COVID-19 • GST Council • GST council meet • Union Finance Minister Nirmala Sitharaman
44th GST Council Meeting
44th meeting of Goods and Services Tax (GST) Council was chaired by Finance Minister Nirmala Sitharaman on June 12, 2021. Several changes in GST rate have been made which would be applicable till September 30, 2021. What decisions were taken? As per the Finance Minister, GST Council has accepted recommendations of Group of Ministers (GoM) ..
Month: Current Affairs - June, 2021
Category: Economy & Banking Current Affairs
Topics: 44th GST Council Meeting • COVID-19 • GST Council • GST council meet • GST rate cut • GST Rates • Smt. Nirmala Sitharaman
GST Compensation: Rs 6,000 crores tranfered to 16 states
On October 23, 2020, the Government of India transferred Rs 6000 crores to 16 states and two union territories as the first tranche. The interest rate has been fixed at 5.19 %. Key highlights Over 21 states had opted for the borrowing scheme. And five other states did not have revenue shortfall to claim compensation. ..
Month: Current Affairs - October, 2020
Category: Economy & Banking Current Affairs
Topics: GST • GST collection • GST Council • GST council meet • GST revenue collection • GST shortfall • Nirmala Sitharaman