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FLOOD CESS
Liquor stocks have macro tailwinds, but will FTAs become a problem? 6 liquor stocks with an upside potential of up to 26%Supply chain disruptions caused by the US-Israel-Iran conflict have a second-order impact on several industries. The liquor sector is no ex...- GoM to look into Andhra Pradesh's demand for 1% calamity cess on luxe goodsThe GST Council will form a group of ministers (GoM) to explore Andhra Pradesh's request for a 1% calamity cess on luxury goods for disaste...
- GoM recommends one-time grant for Sikkim instead of Covid cess“A state does not have the right to levy a cess on sale outside the state, the provision is not there under integrated goods and service ta...
- GoM on Sikkim's demand to levy Covid cess to meet on June 17A Group of Ministers set up to look into Sikkim's demand of levying Covid cess on power and pharmaceutical sectors will meet on June 17. Ac...
- Aluminium industry has invested around Rs 4 lakh crore, stimulus needed to revive the industry: Rahul Sharma, President, AAI“In India, we have sufficient capacity, we have invested around Rs 4 lakh crore, but still imports are around Rs 30,000 crore, today. As th...
- Finance Ministry not considering calamity cess on GSTMinistry sources said that in the present economic scenario during the COVID-19 pandemic, any purported proposal of introducing a calamity ...
- Government releases Rs 35,298 crores GST compensation to statesUnder fire over delay in GST compensation, the government today released Rs 35,298 crore to states.
- Kerala flood cess may push up cos’ compliance burdenThe cess will only be on business-to-consumer (B2C) transactions and companies in real estate, aviation, banking and telecom would have to ...
- No material impact of flood cess on gold sales: Industry sourcesGoods taxable at 1.5% State GST will attract a cess on value of 0.25%. Gold bullion and jewellery attracts GST (centre plus states) of 3%.
- Kerala Budget: Movie tickets, beer and wine prices to be dearerAs the southern state faced a severe financial crunch, finance Minister T M Thomas Isaac presented the budgetary proposals for the 2019-20 ...
- GoM wants exemption limit for MSMEs to be increased, GST council yet to decideThe Group of Ministers under Modi has also suggested to the GST Council to allow additional borrowing over the permitted limit by states hi...
- GST ministerial panel favours Kerala levying 1% cess for 2 yearsThe Group of Ministers under Modi has also suggested to the GST Council to allow additional borrowing over the permitted limit by states hi...
- Ministerial panels on GST relief to MSMEs, levy of calamity cess to meet todayCurrently, businesses with annual turnover of up to Rs 20 lakh are exempt from the Goods and Services Tax (GST).
- Group of ministers says GST Council to seek states' views on 'disaster tax'"The GoM has decided that the GST Council will prepare a questionnaire and send to states for response..Out of the terms of reference of th...
- Experts urge GoM, GST council, to increase cess on tobacco productsThe overall tax rate on all tobacco products in India is still very low compared to other middle-income countries, including those in South...
- GST Council sets up GoM to review help for states hit by natural calamityJaitley said the GoM would also consider if the SDRF and NDRF mechanism were sufficient to address the issue or if more was needed to be do...
- GoM formed to look into Kerala's demand for calamity cess: JaitleyThe Council also reviewed revenue trends and deficit of states, he said, adding state deficit this year is 13 per cent and may reduce furth...
- GST Council's 30th meeting today, may consider cess on select items to help flood-hit KeralaThe Council, which is the apex decision making body on issues related to the GST, is expected to consider imposition of cess on select item...
- Kerala mulling 10% cess on GST, introduction of special lotteryThis decision was taken at a state Cabinet meeting chaired by Chief Minister Pinarayi Vijayan here today.
- Plug to curb zero-duty imports held up in talksThe finance ministry can impose them only after consultation with the commerce ministry.
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