GST

GST compensation: FM K N Balagopal says Centre owes Kerala nearly Rs 4,500 crore

October 05, 2021

GST compensation: FM K N Balagopal says Centre owes Kerala nearly Rs 4,500 crore

The GST Act mandates that States should be compensated for any fall in GST collections during the initial period of the GST implementation.

September 27, 2021
GST Council: Ministerial panels set up to move towards 'simpler rate structure'

The 7-member panel, which would submit a report in two months, would be headed by Karnataka Chief Minister Basavaraj Bommai.
September 18, 2021
GST won't reduce petrol, diesel prices, says Kerala Finance Minister

Addressing the media, the minister said the state is not getting its due in the wake of the 15th Finance Commission devolution recommendations.
September 17, 2021
Petrol, diesel not under GST; Not the right time, says Nirmala Sitharaman

The minister also announced that the GST rate on bio-diesel for blending with diesel (used by oil marketing companies) has been reduced from 12 per cent to 5 per cent.
September 17, 2021
Kerala opposes moves to bring petrol under GST regime, raise coconut oil tax

Recently, the spike in global oil prices on demand-recovery pushed petrol and diesel prices to an all-time high, leading to demand for bringing it under the GST.
September 14, 2021
Amid soaring fuel prices, GST Council likely to consider bringing petrol, diesel under it

GST is being thought to be a solution for the problem of near-record high petrol and diesel rates in the country, as it would end the cascading effect of tax on tax.
September 02, 2021
Kerala's GST collections outstrips pre-COVID earnings during July and August

The GST collection figures are also proof that the second wave, though catastrophic in terms of health, was mild on the economy.

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