GST Council Meeting Live: Tax rate on footwear, apparels priced at Rs 2,500 cut to 5%
GST Council Meeting Live: Andhra Pradesh supports GST reforms, says Finance Minister Keshav
The Andhra Pradesh government-led by N Chandrababu Naidu strongly supports the next-generation GST reforms being proposed by the Centre which are meant for the "best interest of the poorest of the poor", said Finance Minister P Keshav on Tuesday.
The minister attended the 56th GST Council meeting held in New Delhi today.
Keshav said these reforms align with Prime Minister Narendra Modi's Independence Day "Diwali gift" announcement, highlighting consumer benefits through rationalised tax rates, lower household costs, and "relief to the poorest citizens".
GST Council Meeting Live: GST reforms may incur revenue loss of Rs 2,000 cr annually to J'khand: Minister
Jharkhand Finance Minister Radhakrishna Kishore on Wednesday said that the proposed GST reforms could incur an annual revenue loss of Rs 2,000 crore to the state.
Taking part in the 56th GST Council meeting in New Delhi, he urged the central government to compensate for the estimated loss.
"The proposed GST reforms are estimated to cause a revenue loss of approximately Rs 2,000 crore in Jharkhand's automobile, cement, and other manufacturing sectors," Kishore said, according to a press statement.
