In the meeting of the GST Council on Wednesday, there will be a review of the tax structure to increase the revenue which is much lower than anticipated, due to which the payment of compensation to the states has been delayed.
Two bike riders fired at the mayor of Nagpur, police searching for accused
Some states like West Bengal have opposed the increase in cess or any change in the rates amid a slowdown in the economy and said that the industry is going through a difficult time along with the consumers.
Mayawati targets BJP, says, "Atrocities with Hindus in Pakistan are absolutely..."
To deal with this situation, suggestions are being made to increase the GST rate and cess to compensate for the decrease in revenue. The GST Council, headed by Finance Minister Nirmala Sitharaman, sought suggestions from states on review of compensation cess on GST and several products to increase revenue.
Delhiites dealing with freezing cold; winter breaks 22-year-old record
Apart from this, in a letter to Sitharaman, West Bengal Finance Minister Amit Mitra said that the states have received letters from the GST Council asking for suggestions on review of exempted products to increase GST revenue.
Citizenship law: According to Delhi Police report, students of Jamia were not involved in protest