GST Council scraps tax on millet flour
Food preparations in powder form containing at least 70 per cent millets will not have to pay any GST, Finance Minister Nirmala Sitharaman said.
Food preparations in powder form containing at least 70 per cent millets will not have to pay any GST, Finance Minister Nirmala Sitharaman said.
Law Committee will examine suitable amendment in law to exclude ENA for use in manufacture of alcoholic liquors for human consumption from ambit of GST.
GST council is likely to give clarity on whether tax collected at source (TCS) should be deducted by the buyer or the e-commerce platform
It will be the 50th meeting of the Council. Union Finance Minister Nirmala Sitharaman, who heads the Council, will chair the meeting.
Union Finance Minister Nirmala Sitharaman on Monday said the Goods and Services Tax (GST) Council will have to take a…
The last meeting of the Council a week back did not result in any consensus among the states as although around 20 states opted for the first among the two options offered by the Union Government, 10 states and Union Territories stayed put on their stand that they would not borrow in lieu of the compensation cess.
The relief, however, would be there for relatively smaller businesses.
Sitharaman made the statement while replying to a debate on supplementary demands for grants in the Lok Sabha.
The Finance Minister Nirmala Sitharaman had recently said that concerns of the automakers in GST would be taken to the GST Council.
A reason for most laws being exceedingly complex is that laws are drafted by legal experts who revel in complexity; most Acts have accompanying Rules and Circulars/ Notifications, with all the three required to be read together. Rarely is a law enacted in simple language that is comprehensible to the layperson