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GST Council is an apex member committee to modify, reconcile or to procure any law or regulation based on the context of goods and services tax in India. The council is headed by the union finance minister Nirmala Sitharaman assisted with the finance minister of all the states of India. The GST council makes recommendations to the Parliament of ...
He was made the chairman of GST council by the NDA Govt in 2000. Dasgupta admitted in an interview that 80% of the plan had been formulated under his tenure in the GST Council. [5] He resigned from the chairmanship in 2011. GST was finally implemented on 1 July 2017. He is referred to as the architect of India's GST. [4]
From 1 May 2018 onwards Ministry of Finance of Government of India started releasing monthly GST revenue collection data via official press release through Press Information Bureau. And to further improve transparency Government of India started issuing state-wise monthly collection data from 1 January 2020.
A dual GST module for the country has been proposed by the EC. This dual GST model has been accepted by centre. Under this model GST have two components viz. the Central GST to be levied and collected by the Centre and the State GST to be levied and collected by the respective States.
The commission's chairperson, N. K. Singh, said in April 2019 that there should be mechanisms through which the Finance Commissions and the GST Council could coordinate to "ensure there are multiplier benefits of a higher growth trajectory". [46]
He, further, as a state finance minister, was an active member of the GST council [17] in its most crucial phase of formulating and introducing the new tax regime in India. [18] It was his initiative that the historic meeting of the GST Council which approved the rate structure, was held at Srinagar; first time outside New Delhi.
He oversaw the introduction of the Goods and Services Tax (GST) which brought the country under one GST regime. On 20 June 2017, he reaffirmed that the roll-out of GST overseen by him as the finance minister was on track. [49] Out Leadership recommended Arun Jaitley as one of the experts and leaders who openly speak on LGBT+ issues. [50]
GST + QST: 9.975 [11] 14.975 [12] Books are taxed at 5.0% (considered essential goods for QST but not for GST). There is an additional tax on tourist lodgings such as hotels which is usually 3.5%. This tax does not apply in Nunavik. [13] [14] Saskatchewan: GST + PST 6: 11 The 6% rate is effective for goods and services effective March 23, 2017 ...