Gst Council
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Opposition-ruled states oppose rate cuts citing revenue consideration
India | Dec 22, 2018, 10:33 PM ISTChattisgarh and Rajasthan, where the Congress came to power earlier this month, sent only officers to attend the GST Council meeting, Madhya Pradesh did not send any representative, PTI reported quoting sources.
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GoM to look into anomaly in GST collection in states: Arun Jaitley
India | Dec 22, 2018, 10:04 PM ISTThe study would include the underlying reasons for deviation from revenue collection targets vis-a-vis original assumptions discussed during the design of the GST system, its implementation and related structural issues, he said.
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Industry welcomes GST rate cuts for commonly used products
Business | Dec 22, 2018, 10:34 PM ISTTraders' body Confederation of All India Traders (CAIT) also welcomed the reduction in GST tax rates on various items and said it is a progressive step in rationalising and simplifying the tax structure.
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GST Rate Cut: From movie tickets to frozen vegetables, here's complete list of items that will get cheaper
India | Dec 22, 2018, 11:55 PM ISTTalking to media persons, Finance Minister Arun Jaitley said that six items have been removed from the 28 per cent tax bracket under the GST regime.
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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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In push for cashless transactions, GST Council approves 20% cashback on total tax amount
Business | Aug 04, 2018, 11:54 PM IST“We have decided to undertake a pilot project. A broad framework has been worked out so that users of Rupay debit card, BHIM, Aadhaar, UPI, USSD transactions can be given the incentives because these are mostly used by poor people,” Goyal said.
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Akshay Kumar thanks GST Council for tax exemption on sanitary napkins
Celebrities | Jul 22, 2018, 06:29 AM ISTOne of those days when a news brings tears of joy as a cause close to your heart gets fulfilled, wrote Akshay Kumar in his tweet.
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GST Council okays simple return filing, veers around to digital payment incentives
Business | May 05, 2018, 10:29 AM ISTFinance Minister Arun Jaitley said all taxpayers excluding a few exceptions like composition dealers shall file one monthly GST return in place of multiple filings currently required in a month.
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Government mulls making GSTN 100% state-run entity; GST Council to take final call
Business | Apr 10, 2018, 11:29 PM ISTAfter GST Councils clearance, the proposal would go to the Union Cabinet since GSTN will become a public company.
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GST on 29 items, 54 services cut, here's the full list of what all just got cheaper
Business | Jan 22, 2018, 07:42 PM ISTFinance Minister Jaitley said the decisions on changing the tax rates were taken on the recommendations of the fitment committee and the changes will come into force from Jan 25.
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GST Council to meet on January 18 ahead of Union Budget 2018
Budget | Jan 18, 2018, 08:05 PM ISTThe GST Council is expected to simplify the process of registration, returns filing and claiming input tax credit (ITC) under the new indirect tax regime, as per reports.
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Food, drinks at hostel mess to attract 5 per cent GST: Finance ministry
Education | Jan 10, 2018, 05:52 PM ISTMess facility provided to students and staff will attract 5 per cent GST irrespective of whether it is provided by educational institution or outside contractor.
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GST revenue collection slows to Rs 80,808 crore in November, lowest since rollout
Business | Dec 27, 2017, 09:12 AM ISTWhile the downward trend in GST collection started from October, the November figure may have been impacted by the major revamp of the GST tax structure brought in during the November 10 Guwahati meeting.
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GST Council clears e-way bill mechanism; to be rolled out by June 1
Business | Dec 16, 2017, 11:38 PM ISTUnder the e-way bill system, goods worth more than Rs 50,000 have to be pre-registered online before they can be moved from one state to another.
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Petrol, diesel under GST: Centre, states free to levy taxes over and above GST rate, says Sushil Modi
Business | Dec 14, 2017, 04:57 PM ISTSince 40% of the state and central revenues come from petroleum products, they will have the liberty to levy taxes over and above the GST rate, Sushil Modi said.
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GST may have fewer slabs in future, says CEA Arvind Subramanian
Business | Nov 25, 2017, 01:04 PM ISTAdmitting there were some technical glitches in the filing systems under the regime, Arvind Subramanian said the new system is a bit "complicated" as states have different IT systems and these issues are being addressed by the GST Council.
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Cabinet clears setting up of GST anti-profiteering authority
Business | Nov 16, 2017, 05:51 PM ISTRavi Shankar Prasad said that the latest decision reflects government's full commitment to take all possible steps to ensure benefits of implementation of GST to the common man.
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Restaurants overcharging you in guise of taxation? Here’s how to spot billing errors and avoid GST fraud
Business | Nov 15, 2017, 12:44 PM ISTFive ways some restaurants could attempt to con you into paying more and how you can protect yourself.
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More tax cuts in offing? FM Arun Jaitley hints at further ‘rationalisation’ of GST rates
Business | Nov 14, 2017, 10:32 AM ISTFM Jaitley also said that rationalisation of GST rates was a long exercise and linking it to Gujarat elections was 'juvenile politics'.
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Eating out to become cheaper as GST Council cuts tax rate to 5% for both AC, non-AC restaurants
Business | Nov 11, 2017, 02:40 PM ISTFederation of Hotel and Restaurant Associations of India (FHRAI) welcomed the GST Councils decision, saying it will help restaurants across India rationalise tariffs.