In the last GST Council meeting, Centre had placed two options before the states to meet the GST revenue shortfall which was pegged at Rs 2.3 lakh crore. While a few states have agreed on the Centre's options, others have rejected both the options. The seven-day deadline given to states ends on September 8 and the council is likely to meet this week. … [Read more...] about Big Story | GST compensation impasse continues; Council likely to meet this week
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Centre would honour full GST compensation owed to states: Report
Finance Minister Nirmala Sitharaman had said under the first option, the Centre in consultation with the Reserve Bank of India (RBI) will provide a special window to states to borrow Rs 97,000 crore at a reasonable rate of interest and this money can then be repaid after five years from the collection of cess. … [Read more...] about Centre would honour full GST compensation owed to states: Report
Centre postpones 42nd GST Council meet to October 5
There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine. … [Read more...] about Centre postpones 42nd GST Council meet to October 5
Borrowing money ‘only way’ to overcome GST shortfall: Andhra CM Jagan Mohan Reddy
COVID impact | Health Ministry issues SOPs for skill training institutes, technical programmes of higher educational institutes Congress regime led by Rahul Gandhi would cancel NEET if it comes to power: Puducherry CM V Narayanasamy Ministry of Culture plans web series on Independence struggle, virtual tours of important monuments … [Read more...] about Borrowing money ‘only way’ to overcome GST shortfall: Andhra CM Jagan Mohan Reddy
Industry seeks government intervention on disputes on classification of IT-BPM services as ‘intermediary’
NASSCOM has urged the government to intervene immediately as it impacts the industry and remove the classification of intermediary for IT-BPM companies in a recommendation sent to the Department of Revenue and GST Council related to the issues faced by the IT-BPM industry. … [Read more...] about Industry seeks government intervention on disputes on classification of IT-BPM services as ‘intermediary’
