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To submit report by June 8

New Delhi, May 25 Punjab Finance Minister Manpreet Badal on Tuesday called upon the Centre to have “GST with a heart” as he sought a much lower tax regime on goods required to battle Covid ahead of the meeting of the GST Council on Friday. The stage is set for a vigorous discussion on the issue as the call to provide relief on Covid related items has also been endorsed by the finance ministers of West Bengal, Tamil Nadu and Kerala. The Fitment Committee of the GST Council has recommended against granting full exemption as that would result in increased cost of production of these goods. I...

‘Green bonds, a sustainable capital option for climate change projects’ May 11, 2021 Need focus on national investment strategy towards low carbon push, says Deepto Roy Green bonds have the potential to provide sustainable capital for climate change projects such as electric vehicles, mass rapid transport systems, water and irrigation management and renewable energy. “While India has seen sustained investment in renewable energy over the last 8-10 years, which has resulted in accelerated growth for the sector, significant investments are still required. And the Indian economy requires m...

May 04, 2021, 11:59 AM IST New Delhi: In view of the COVID-19 pandemic, the Central Government has issued notifications exempting Basic Customs Duty and/or Health cess on imports of a number of COVID-19 related relief materials, for a limited period.  "The Central Government had received a number of representations from charitable organizations, corporate entities, and other Associations/ entities outside India seeking exemption from IGST on the import of Covid-19 relief material (already exempted from customs duty), donated/received free of cost from outside India for free distribution. Acc...

Centre announces ad hoc IGST exemption on imports of COVID-19 relief material The exemption will also cover goods already imported but lying uncleared on the date of its issuance of exemption which starts from Monday. File photo Updated: May 3, 2021, 04:10 PM IST As the second wave of the coronavirus pandemic continues to trouble the country, the Central has exempted IGST or integrated GST on import of goods received free of cost for free distribution of COVID relief. The exemption is temporary and applicable for all specified imports made till June 30, 2021. The...