Gst Council Meet
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Stormy GST Council meet likely on Monday; non-BJP states to oppose Centre's borrowing option
Business | Oct 04, 2020, 12:46 PM ISTThe GST Council meeting on Monday may turn into a stormy affair, with non-BJP ruled states still being in disagreement with the Centre on the compensation issue.
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GST shortfall of Rs 2.35 lakh crore in FY21, two options mooted to compensate states, says FM
Business | Aug 27, 2020, 05:28 PM ISTFinance Minister Nirmala Sitharaman, who chaired the 41st GST Council meeting, said the GST shortfall in FY21 was around Rs 2.35 lakh crore. Following a marathon five-hour meeting, Sitharaman said two options of compensating states were discussed.
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GST Council to meet on August 27 to discuss compensation payout to states
Business | Aug 19, 2020, 06:35 PM ISTSources said the 41st meeting of the Goods and Services Tax (GST) Council would be a single agenda meeting on states' compensation to be held via video conferencing.
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GST Council to meet on June 12
Business | Jun 05, 2020, 06:46 PM ISTThe GST Council is scheduled to meet on June 12 and likely to discuss the impact of the COVID-19 pandemic on tax revenues, sources said. The 40th meeting of the GST Council, headed by Finance Minister Nirmala Sitharaman and comprising state counterparts, will be held via video conferencing.
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GST Council hikes tax on caffeinated beverages, cuts hotel tarrif rate
Business | Sep 20, 2019, 09:46 PM ISTThe all-powerful GST Council on Friday more than doubled the tax on caffeinated beverages to 40 per cent and slashed the rate on hotel room tariffs. Briefing reporters after a meeting of the panel, Finance Minister Nirmala Sitharaman said the GST on caffeinated beverages has been hiked to 28 per cent plus an additional cess of 12 per cent as against the current rate of 18 per cent.
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GST Council meet in Goa today; tax cut on cars, hotels likely
Business | Sep 20, 2019, 07:14 AM ISTItems likely to see a tax cut include luxury hotels and outdoor catering services. Luxury hotels which charge Rs 7,500 and above per night are now taxed at 28 per cent and outdoor catering services at 18 per cent.
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Alert! Aadhaar to be mandatory for these people from January
Business | Sep 16, 2019, 10:00 PM ISTAadhaar user alert: The authentication or physical verification of the unique identification number (Aadhaar) has been made mandatory for new dealers to curb malpractices in paying Goods and Services Tax. According to reports, the GST Network on Saturday decided to make Aadhaar authentication or physical verification mandatory for new dealers from January 2020 to check malpractices in Goods and Services Tax.
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GST Council meets next Friday; tax rate cut to hinge on revenue position
Business | Sep 13, 2019, 06:58 PM ISTThe all-powerful GST Council will at its Goa meeting next week consider demands for reducing taxes on products ranging from cars to biscuits keeping in mind the revenue position as any cut will have a direct impact on earnings of states, a senior government official has said.
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GST Council cuts tax rate on electrical vehicles, chargers to 5 per cent
Business | Jul 27, 2019, 01:42 PM ISTGST Council meet concluded on Saturday with a decision to reduce GST rates on electric vehicles and charges. The GST Council has decided to reduce GST rate on electrical vehicles from 12 per cent to 5 per cent. The council has also approved an exemption from GST on hiring of electric buses by the local authorities.
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Nirmala Sitharaman's first GST Council meet to decide on NAA extension, single point refund system
Business | Jun 20, 2019, 02:23 PM ISTThe agenda of the meeting will also include integration of GST e-way bill system with NHAI's FASTag mechanism from April 1, 2020, to help track movement of goods and check GST evasion.
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Movie tickets, TVs to be cheaper; all items used by common man removed from 28% GST slab | Key points
India | Dec 22, 2018, 05:38 PM ISTThe new GST rates will be effective from 1st January 2019
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GST rates slashed: From TV sets to refrigerators and washing machines, here's what gets cheaper
Business | Jul 21, 2018, 11:58 PM ISTThe council also decided to exempt sanitary napkins from the ambit of the Goods and Services Tax, or the GST.
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GST Council cuts rate on 88 items, sanitary napkins exempted
Business | Jul 22, 2018, 07:05 AM ISTThe council has exempted various products including sanitary napkins, deities made of stone, marbles and woods, commemorative coins circulated by the RBI or the government, fortified milk etc from the GST.
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GST meet: Rates of 29 items slashed to zero, FM Jaitley says simpler return filing process coming soon
Business | Jan 18, 2018, 11:49 PM ISTGST Council today approved rate changes of 29 goods and 53 categories of services. The revised rates will be applicable from January 25, the finance minister said.
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GST Council meet: Rates of 29 goods, 53 services revised, says Arun Jaitley
News | Jan 18, 2018, 11:38 PM IST -
28 pc GST slab for only 50 luxury goods, GST Council reduces tax rate on 178 items to 18 pc
Business | Nov 10, 2017, 09:39 PM ISTThe all-powerful council pruned the list of items attracting the top 28 per cent tax rate to just 50 from 227 previously, Bihar Deputy CM Sushil Modi told reporters.
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GST Council meet: Relief for consumers, traders on anvil; expect 200 items to get cheaper
Business | Nov 10, 2017, 09:27 AM ISTPrices of 80 per cent items under the highest slab of 28 per cent under GST are likely to be brought in the 18 per cent tax bracket.
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Expect tax cuts on 80 pc items in 28 pc slab as GST Council begins 2-day meet in Guwahati today
Business | Nov 09, 2017, 09:45 AM ISTThe GST Council is also set to consider steps to ease the compliance burden for traders and businesses. A ministerial panel has pitched for extending the quarterly filing of returns facility to all taxpayers.
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GST council meeting begins, relief for small-medium business likely to be discussed
News | Oct 06, 2017, 06:16 PM IST -
13 banks share data with government regarding 5,800 suspect companies
Politics | Oct 06, 2017, 02:35 PM IST