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Top News In ஸ்டம்ப் வின்சென்ட் தேசிய அவசரம் மேலாண்மை ஆர்கநைஸேஶந் Today - Breaking & Trending Today

GST Council leaves tax rate on COVID-19 vaccines unchanged


Source:
Highlights
The GST Council, which is headed by the Union Finance Minister and comprises representatives of all states and union territories, exempted levy of I-GST on import of Amphotericin-B, which is used for the treatment of black fungus.
Currently, vaccines attract 5 percent GST.
The panel provided relief to small GST taxpayers through an amnesty scheme for late return filers.
The GST Council on Friday left taxes on COVID-19 vaccines and medical supplies unchanged but exempted duty on the import of a medicine used for the treatment of black fungus.
A group of ministers will deliberate on tax structure on the vaccine and medical supplies, Finance Minister Nirmala Sitharaman told reporters after a meeting of the GST Council. ....

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GST Council Meet: Centre to borrow Rs 1.58 lakh cr to compensate states, says FM


GST Council Meet: Centre to borrow Rs 1.58 lakh cr to compensate states, says FM
On GST compensation cess, same formula as last year to be adopted this year too. The rough estimate is that the Centre will have to borrow Rs 1.58 Lakh Crores and pass it on to states, said FM Sitharaman after the 43rd GST Council meeting
BusinessToday.In | May 28, 2021 | Updated 22:00 IST
Union Finance Minister Nirmala Sitharaman, in the 43rd GST Council meeting on Friday, stated that the Centre will borrow Rs 1.58 lakh crore to compensate states for loss of revenue from GST.
On GST compensation cess, same formula as last year to be adopted this year too. The rough estimate is that the Centre will have to borrow Rs 1.58 Lakh Crores and pass it on to states, said FM Sitharaman after the 43rd GST Council meeting. ....

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Victory Square Portfolio Company, GameOn Entertainment Technologies Inc. Announces Start of Trading On The CSE Under Symbol (CSE:GET)

GameOn receives final approval for listing from the Canadian Securities Exchange.GameOn to start trading under the symbol ‘GET’ at market opening on Tuesday June 1, 2021.Victory Square dividends out approximately 12.4% of its holdings in GameOn Entertainment Technologies Inc. to its shareholders. VANCOUVER, British Columbia, May 28, 2021 (GLOBE NEWSWIRE) Victory Square Technologies Inc. (“Victory Square” or "VST”) (CSE:VST) (OTC:VSQTF) (FWB:6F6) is pleased to announce that Its portfolio company, GameOn Entertainment Technologies Inc. (“GameOn” or the “Company”) (CSE:GET) has received final approval for listing from the Canadian Securities Exchange (the “CSE”). The common shares of GameOn will commence trading on the CSE under the symbol ‘GET’ at market opening on Tuesday June 1, 2021. “This CSE public listing will enable our team to execute upon many strategic and beneficial initiat ....

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