New Delhi [India], May 20 (ANI): The Centre, in continuation of its commitment to address the hardship being faced by various stakeholders on account of the severe Covid-19 pandemic, has decided to extend timelines for compliances under the Income-tax Act, 1961 (hereinafter referred to as "the Act") after consideration of representations received from various stakeholders, said the Union Finance Ministry on Thursday.
Nirmala Sitharaman to chair 43rd GST Council meeting on May 28
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Nirmala Sitharaman to chair 43rd GST Council meeting on May 28
PTI / May 15, 2021, 16:30 IST
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Union finance minister Nirmala Sitharaman
NEW DELHI: Amid a growing chorus over the GST Council meeting not being convened for over seven months, the Union Finance Ministry on Saturday announced that the next meeting of the panel that decides on taxes on goods and services will be held on May 28.
After over a dozen central and state levies such as excise duty, service tax and VAT were subsumed in a nationwide Goods and Services Tax (GST) in 2017, the Council, headed by Union Finance Minister and including representatives of all states and union territories, was mandated to meet every quarter to deliberate on issues at hand.
States have been pressing for waiver of GST on critical items such as vaccines.
Amid a growing chorus over the GST Council meeting not being convened for over seven months, the Union Finance Ministry on Saturday announced that the next meeting of the panel that decides on taxes on goods and services will be held on May 28. After over a dozen central and state levies such as excise duty, service tax and VAT were subsumed in a nationwide Goods and Services Tax (GST) in 2017, the Council, headed by Union Finance Minister and including representatives of all states and union territories, was mandated to meet every quarter to deliberate on issues at hand.
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Factually incorrect to state that there is no provision for expenditure on COVID-19 vaccination by Centre: Finance Ministry ANI | Updated: May 10, 2021 16:47 IST
New Delhi [India], May 10 (ANI): The Union Finance Ministry on Monday clarified that it is factually incorrect to state that there is no provision for expenditure on COVID-19 vaccination by the Central Government.
This is with reference to the media report entitled The reality of Modi Government s vaccine funding: Rs. 35,000 crore for States, zero for Centre. It is factually incorrect to state that there is no provision for expenditure on COVID-19 vaccination by the Central Government , stated an official release by the ministry.