Explorer

GST Council to discuss revenue fall on Thursday

New Delhi [India], Jan 9 (ANI): The Goods and Services Tax Council (GST) is scheduled to meet on Thursday (January 11) to deliberate on reasons for the fall in revenue collection, as flagged as a major matter of concern for the finance ministry.

In November, the GST collection was Rs 80,808 crore, down from a provisional Rs 83,346 crore in October and a peak of over Rs 94,000 crore in July, as per data released on December 26.

A ministry official noted that states are getting very vocal about falling revenue, and therefore, have decided to discuss steps needed to boost collection.

Prior to this, a preparatory meeting of the GST Council's Fitment Committee is scheduled for today to discuss rates and simplification of returns.

Officials are likely to consider recommendations of the panel on returns, handicraft and GST Laws. The council is also likely to consider validity of handicrafts in the exempted category, and which other products can be placed in this category.

According to the official, certain amendments may be made in the GST Law during the council meeting on January 18. (ANI)


This story has not been edited. It has been published as provided by ANI

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headline

Mukhtar Ansari Death: UP Court Orders Probe After Son Claims Father 'Poisoned' In Jail — Top Points
Mukhtar Ansari Death: UP Court Orders Probe After Son Claims Father 'Poisoned' In Jail — Top Points
I.N.D.I.A Bloc In Bihar: Here's How Congress, RJD Have Decided To Share Seats After JD-U's Exit
I.N.D.I.A Bloc In Bihar: Here's How Congress, RJD Have Decided To Share Seats After JD-U's Exit
'System Ki Dhajjiyan Uda Rahen Hain': Hardeep Puri Jabs Kejriwal At ABP Shikhar Sammelan 2024
'System Ki Dhajjiyan Uda Rahen Hain': Hardeep Puri Jabs Kejriwal At ABP Shikhar Sammelan 2024
'BJP Should Pay Rs 4,600 Crore': Congress Slams Income Tax Dept, ECI After Getting Rs 1,700-Crore Notice
'BJP Should Pay Rs 4,600 Crore': Congress Slams Income Tax Dept, ECI After Getting Rs 1,700-Crore Notice
Advertisement
for smartphones
and tablets

Videos

ABP Shikhar Sammelan 2024: What will be the formula for Congress to gather max seats in Rajasthan?ABP Shikhar Sammelan 2024: Congress leader expresses his views over losing in Rajasthan PollsIsha Malviya's Collaboration With Parth Samthaan Ignites Anticipation: What Surprises Await Their Fans?ABP Shikhar Sammelan 2024: Will Congress leader Sachin Pilot ever join BJP? Know his answer

Photogallery

Embed widget