Kerala Finance Minister Thomas Isaac Current Affairs, GK & News

GST ministerial panel on lotteries

The Central government has constituted GST ministerial panel on lotteries. The ministerial panel will study the current GST provisions related to lotteries. The panel will look into the current system under GST wherein a state-organised lottery attracts 12 per cent GST while a state-authorised lottery attracts 28 per cent tax. Terms of Reference The inter-ministerial ..

Month: Current Affairs - January, 2019

Topics: Arunachal tax and excise Minister Jarkar Gamlin • GST ministerial panel • GST ministerial panel on lottery • Karnataka panchayat minister Krishna Byre Gowda • Kerala Finance Minister Thomas Isaac • Lottery • Maharashtra finance minister Sudhir Mungantiwar • Punjab Finance Minister Manpreet Singh Badal • West Bengal finance minister Amit Mitra

GoM on GST revenue shortfall faced by states

The GST Council has decided to set up a seven-member committee to look into revenue shortfall being faced by the states after the GST roll-out, and suggest steps for augmenting collections. The committee would be headed by Deputy Chief Minister and Finance Minister of Bihar Sushil Modi. Other members of the committee include Punjab Finance ..

Month: Current Affairs - January, 2019

Topics: Andhra Pradesh • GoM on GST revenue • Goods and Services (State compensation for loss of revenue) act • GST Council • Karnataka Rural Development Minister Krishna Byre Gowda • Kerala Finance Minister Thomas Isaac • Manipur • Mizoram • Nagaland • Odisha • Odisha Finance Minister Shashi Bhushan Behera • Punjab Finance Minister Manpreet Singh Badal • Sikkim • Sushil Modi