City
Epaper

GST council may mull steps to prevent fake generation of ITC in next meeting: Official

By IANS | Updated: June 16, 2023 15:30 IST

New Delhi, June 16 The GST Council in its meeting next month, is likely to discuss measures to ...

Open in App

New Delhi, June 16 The GST Council in its meeting next month, is likely to discuss measures to ensure strict provisions for preventing fake generation of Input Tax Credit (ITC), aiming to prevent tax evasion, a senior official said on Friday.

The GST Council is scheduled to meet on July 11.

Chairman of Central Board of Indirect Taxes and Customs (CBIC), Vivek Johri said this while speaking to reporters at the sidelines of an event.

He further informed that the finance ministry may consider imposing countervailing duty on steel imports from China.

Johri added that a recommendation for the same has been received by the ministry and is under consideration.

Meanwhile the GST Council, headed by Nirmala Sitharaman, is also likely to consider the report of the Group of Ministers on online gaming, casinos and horse racing.

The report would be circulated to the states soon.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Gst councilVivek johrichinaNirmala SitharamanNew DelhiChinese Foreign MinistryChinese EmbassyITCAmcham ChinaNew Delhi Lok SabhaChina Pakistan Economic CorridorChina Southern Airlines
Open in App

Related Stories

InternationalEarthquake of Magnitude 4.5 Hits China, Tremors Felt in Myanmar

InternationalPakistan Engaged in Diplomatic Contacts With Iran, China and Others to De-Escalate Situation: Pak Defence Minister

InternationalOperation Sindoor: Pakistan, China Shocked as India Destroys HQ-9 Air Defence System in Lahore

Social ViralViral Video: Snake Found Inside Train Toilet, Internet Reacts

EntertainmentAjith Kumar Injured in Fan Frenzy After Padma Bhushan Award Ceremony, Actor Hospitalized In Chennai

International Realted Stories

InternationalRussia transfers bodies of over 6,000 soldiers to Ukraine

InternationalBangladesh: BNP urges Yunus govt to notify EC of decision taken during London meeting

InternationalPoJK residents grapple with decades of neglected roads, broken promises

InternationalWorld leaders arrive in Canada for G7 Summit

InternationalDRDO to showcase cutting-edge defence tech at Paris Air show 2025, highlighting India's aerospace advancements