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  Stormy GST Council meet likely on Monday; non-BJP states to oppose Centre's borrowing option

  Business | October 04, 2020 12:46 IST

  The 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 | August 27, 2020 17:28 IST

  Finance 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 | August 19, 2020 18:35 IST

  Sources 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 | June 05, 2020 18:46 IST

  ​The 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 | September 20, 2019 21:46 IST

  The 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 | September 20, 2019 7:14 IST

  Items 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 | September 16, 2019 22:00 IST

  Aadhaar 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 | September 13, 2019 18:58 IST

  The 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 | July 27, 2019 13:42 IST

  GST 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 | June 20, 2019 14:23 IST

  The 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 | December 22, 2018 17:38 IST

  The 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 | July 21, 2018 23:58 IST

  The 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 | July 22, 2018 7:05 IST

  The 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 | January 18, 2018 23:49 IST

  GST 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 | January 18, 2018 23:38 IST

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  28 pc GST slab for only 50 luxury goods, GST Council reduces tax rate on 178 items to 18 pc

  Business | November 10, 2017 21:39 IST

  The 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 | November 10, 2017 9:27 IST

  Prices 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 | November 09, 2017 9:45 IST

  The 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 | October 06, 2017 18:16 IST

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  13 banks share data with government regarding 5,800 suspect companies

  Politics | October 06, 2017 14:35 IST