financetom
Economy
financetom
/
Economy
/
Political Exchange: Government forms GoM to look into IGST dues
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Political Exchange: Government forms GoM to look into IGST dues
Dec 5, 2019 12:27 PM

In a bid to provide comfort to states on the treatment of unsettled integrated goods and services tax (IGST) claims, under the goods and services tax regime, the government in December has carved out a special group of ministers (GoM) to deal with the issue.

This is the first-ever GoM where the Union Finance Minister will be chairing a panel since the rollout of GST. According to the government circular, the GoM will study the issue of settlement of IGST as on March 31, 2018, in detail.

The GoM, under the Chairmanship of FM Nirmala Sitharaman, has other members from Bihar, Delhi, Puducherry, Tamil Nadu, Punjab, Odisha, and Chhattisgarh.

This comes at a time when 6 states governed by opposition parties are demanding their GST compensation dues for the last 2 months.

For an in-depth analysis, Shereen Bhan spoke to Thomas Isaac, Finance Minister of Kerala and Manish Sisodia, Finance Minister of Delhi.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US core capital goods orders rise in August
US core capital goods orders rise in August
Sep 26, 2024
WASHINGTON (Reuters) - New orders for key U.S.-manufactured capital goods unexpectedly rose in August, though business spending on equipment appears to have lost momentum in the third quarter. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, increased 0.2% last month after a downwardly revised 0.2% drop in July, the Commerce Department's Census Bureau said...
September Kansas City Fed Manufacturing Index Posts Larger Decrease Than Expected
September Kansas City Fed Manufacturing Index Posts Larger Decrease Than Expected
Sep 26, 2024
11:40 AM EDT, 09/26/2024 (MT Newswires) -- The Kansas City Fed monthly manufacturing index fell to a reading of minus 8 in September from minus 3 in August, below expectations for a smaller decrease to a minus 5 print in a survey compiled by Bloomberg as of 7:40 am ET. The index indicates faster contraction, which is in line with...
Fed's Williams announces new effort to study reference rates
Fed's Williams announces new effort to study reference rates
Sep 26, 2024
NEW YORK (Reuters) - Federal Reserve Bank of New York President John Williams said Thursday his bank is launching a new panel to track how reference rates are used in private markets. Williams said his bank is launching what he called the Reference Rate Use Committee, which will bring together market participants to support integrity, efficiency, and resiliency in the...
US second-quarter economic growth unrevised; GDI revised sharply higher
US second-quarter economic growth unrevised; GDI revised sharply higher
Sep 26, 2024
WASHINGTON (Reuters) - U.S. economic growth accelerated in the second quarter amid strength in consumer spending, the government confirmed on Thursday. Gross domestic product increased at an unrevised 3.0% annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its third estimate of second-quarter GDP on Thursday. Economists polled by Reuters had forecast GDP would be unrevised...
Copyright 2023-2026 - www.financetom.com All Rights Reserved