{"id":2722,"date":"2019-06-24T01:32:13","date_gmt":"2019-06-24T01:32:13","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=2722"},"modified":"2019-07-12T11:17:47","modified_gmt":"2019-07-12T11:17:47","slug":"centre-holds-pre-budget-consultations-with-state-finance-ministers","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/centre-holds-pre-budget-consultations-with-state-finance-ministers\/","title":{"rendered":"Centre holds pre-Budget consultations with state Finance Ministers"},"content":{"rendered":"\n<p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFinance\nMinister (FM) Nirmala Sitharaman chaired her first GST Council meeting .<br>\nSitharaman replaced Arun Jaitley as new FM under the Modi 2.0 government<br>\nThe Speculations were rife that the Council in its 35th meeting under the new\nFM would consider slashing <strong>Goods\nand Service Tax (GST)<\/strong> on\nelectric vehicles to 5 per cent from 12 per cent.<br>\nThe Council did not reduce the tax rate matter would be forwarded to the\nfitment committee for further consideration.<br>\nTh topics that were discussed during the GST Council meeting were tax evasion\nissue, extension of the tenure of the National Anti-profiteering Authority,\nelectronic invoices system.<br>\nThe revenue position of states, the new return filing system, setting up an\nappellate tribunal for north-eastern states and another one for all Union\nTerritories.<br><br><strong>About\nGST<\/strong><br>\nGoods and Services Tax (GST) is an indirect tax (or consumption tax) imposed in\nIndia on the supply of goods and services.<br>\nA comprehensive because it has subsumed almost all the indirect taxes.<br>\nThe Multi-Staged in the production process but is meant to be refunded to all\nparties in the various stages of production other than the final\nconsumer.&nbsp;<br>\nDestination based tax it is collected from point of consumption and not point\nof origin like previous taxes.\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister (FM) Nirmala Sitharaman chaired her first GST Council meeting . Sitharaman replaced Arun Jaitley as new FM under the Modi 2.0 government The Speculations were rife that the Council in its 35th meeting under the new FM would consider slashing Goods and Service Tax (GST) on electric vehicles to 5 per cent from [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":2723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[45],"tags":[72],"class_list":["post-2722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-articles","tag-union-budget-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=2722"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2722\/revisions"}],"predecessor-version":[{"id":2724,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2722\/revisions\/2724"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/2723"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=2722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=2722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=2722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}