Delhi Finance Minister Atishi on Sunday said she will raise the issue of imposition of GST on research grant procured by educational institutions in the 54th GST Council meeting.
She also said that taxes are not imposed on research grants in foreign countries such as the US and UK.
Atishi said the second issue she will raise in the 54th meeting of the GST Council to be held on Monday is the imposition of GST on online transactions below Rs 2,000.
“The central government is coming up with a proposal to impose GST on online transactions of less than Rs 2000. No GST was earlier imposed on such small transactions. We will oppose this proposal,” she added.
The GST Council on Monday is expected to deliberate on a host of issues, including taxation of insurance premium, GoM’s suggestions on rate rationalisation, and a status report on online gaming, according to sources.
At the meeting, the Fitment Committee, comprising central and state tax officials, will present a report on GST levied on life, health and reinsurance premiums and their revenue implications.
The GST Council is chaired by Finance Minister Nirmala Sitharaman and comprises state ministers.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Sep 08 2024 | 8:12 PM IST
