Goa Panchayat Minister Mauvin Godinho. Current Affairs - 2020

GST ministerial panel on lotteries

The Central government has constituted GST ministerial panel on lotteries. The ministerial panel will study the current GST provisions related to lotteries. The panel will look into the current system under GST wherein a state-organised lottery attracts 12 per cent GST while a state-authorised lottery attracts 28 per cent tax. Terms of Reference The inter-ministerial Read More…

GoM on GST revenue shortfall faced by states

The GST Council has decided to set up a seven-member committee to look into revenue shortfall being faced by the states after the GST roll-out, and suggest steps for augmenting collections. The committee would be headed by Deputy Chief Minister and Finance Minister of Bihar Sushil Modi. Other members of the committee include Punjab Finance Read More…