GST-related matters are not Ministry of Finance matters, says FM



Quick Summary
Finance Minister Nirmala Sitharaman has stated that matters concerning Goods and Services Tax (GST) are not under the purview of the Ministry of Finance. She explained in the Lok Sabha that all GST-related decisions are taken by the GST Council, which includes finance ministers from all states. Consequently, no action is taken regarding GST without the council's approval.

Finance Minister Smt. Nirmala Sitharaman in a debate in the Lok Sabha on 23rd March 2021 regarding the Finance Bill 2021, made clear to the Parliament members that GST-related matters are not similar to that of the Ministry of Finance matters as the decisions related to GST are made by the GST Counc
Daily Limit Reached

You have reached your daily limit of 2 Free News

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Broadcasts
  • Daily E-Newsletter
  • Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.

FAQ :

Decisions regarding GST are made by the GST Council, which comprises finance ministers from all states.

No, the Finance Minister stated that GST-related matters are not Ministry of Finance matters.

The Finance Minister made this clarification during a debate on the Finance Bill 2021 in the Lok Sabha on 23rd March 2021.

The GST Council is where decisions related to GST are made, and it includes all state finance ministers.

No, the Finance Minister clarified that no step is taken regarding GST without the council's clearance.




News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Click here to Login and post comments    OR



More »


Popular News





CCI Pro



Follow