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State Finance Ministers News

23 Aug 2017

21st GST Council meet in Hyderabad on Sept 9

This will be the third meeting of the council since the launch of the Goods and Services Tax (GST) on July 1 and the 21st since it was set up in September last year.

14 Jun 2016

GST deadlock: Crucial meeting of state FMs with Arun Jaitley begins, breakthrough likely

The meeting on June 14 and 15 will discuss the model GST law, which will be adopted by the Centre and all states.

12 Jun 2016

State FMs to meet this week to discuss model GST law

Amid hopes of long pending GST bill getting passed in Rajya Sabha in the next Parliament session, state finance ministers will deliberate on the model GST law at a two-day meeting in Kolkata beginning Tuesday.

19 Feb 2016

Amit Mitra named chairman of GST committee of state Finance Ministers

He will succeed Kerala Finance Minister K M Mani who had to resign in November over corruption charges.

20 Nov 2015

States fail to iron out difference over GST

Delhi Deputy Chief Minister Manish Sisodia, who chaired on Friday's meeting, said the states were "divided" over the threshold.

20 Nov 2015

State FMs to pick new chairman of GST panel in December

The states discussed the threshold limit for levying GST and setting up a new sub-committee to collect data from states to decide on the same.

20 Nov 2015

State FMs to elect new Chairman today; discuss model GST law

State finance ministers will meet Friday to elect the new Chairman of the Empowered Committee and also discuss the model Goods and Services (GST) Tax law as well as report on the revenue neutral rate.

Goods and Services Tax

13 Nov 2015

K M Mani resigns as Chairman of State FMs panel on GST

Mani was appointed the Chairman of the panel in March this year.

07 Oct 2015

RBI's e-Kuber be used for account settlement under GST: Panel

The Empowered Committee of State Finance Ministers has recommended that the RBI's core banking solution e-Kuber be used for consolidating and settlement of accounts under the GST system.

15 Jun 2015

States to submit views on GST to Rajya Sabha Select Committee tomorrow

States are pressing the Centre for compensating them fully for the loss of revenue in the first five years of GST replacing their taxes.

03 Jun 2015

State FMs to meet Thursday to discuss GST rate

The Empowered Committee of State Finance Ministers, headed by K M Mani, will meet here Thursday to deliberate on the revenue neutral rate, besides other issues, for smooth roll out of Goods and Services Tax (GST).

State Finance Ministers

08 May 2015

Finance ministers want to review GST in other countries

The two-day meeting of the state finance ministers, which concluded here on Friday, has decided to request the Centre to depute the Empowered Committee members to visit some countries which have adopted the GST.

06 May 2015

GST possible in 2016, but Rajya Sabha nod holds key: Experts

The passage of the Constitution Amendment Bill in the Lok Sabha will ensure GST implementation by April 2016, but first it has to pass muster in the Rajya Sabha, experts said.

07 May 2015

Lok Sabha approves GST Bill, paves way for uniform tax regime

GST, which is proposed to be implemented from April 1, 2016, will subsume excise, service tax, state VAT, entry tax, octroi and other state levies.

05 May 2015

Face off likely over GST in Parliament

A face-off between the opposition and government over the Goods and Services Tax (GST) bill is likely with the Congress and some other opposition parties insisting that it be sent to the Parliamentary Standing Committee for scrutiny.

05 May 2015

GST Bill taken up in Lok Sabha, fate uncertain in Rajya Sabha

Opposition members insisted that bill be referred to the Standing Committee on Finance as it was a new bill as opposed to the one brought by the UPA government.

22 Apr 2015

Broad consensus on GST among states: FM Jaitley

Jaitley said he is optimistic about introduction of GST, which will create a nationwide unified market and remove trade barriers in the form of cascading effects of taxation, from April 1, 2016.

22 Apr 2015

Govt optimistic about GST roll out from April 2016: FM Jaitley

Finance Minister Arun Jaitley on Wednesday said the government will go ahead with GST Constitutional Amendment Bill in the ongoing session of Parliament.

20 Aug 2014

State FMs agree on Rs 10 lakh threshold for levying GST

State Finance Ministers on Wednesday pressed for lowering the threshold limit to Rs 10 lakh for imposing Goods and Service tax (GST) on entities and asked the Centre to specify GST compensation structure for five years in the Constitutional Amendment Bill.

20 Aug 2014

State Finance Ministers' panel on GST to meet today

State Finance Ministers will meet on Wednesday to iron out differences for early roll-out of the ambitious Goods and Services Tax (GST) regime.

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