GST Council meeting: Group of ministers formed to look into Kerala's demand for calamity cess, says Arun Jaitley
6 years, 5 months ago

GST Council meeting: Group of ministers formed to look into Kerala's demand for calamity cess, says Arun Jaitley

Firstpost  

GST Council, the highest decision making body of the Goods and Services Tax regime, on Friday decided to set up a seven-member Group of Ministers to suggest on cess demand for Kerala flood rehabilitation New Delhi: GST Council, the highest decision making body of the Goods and Services Tax regime, on Friday decided to set up a seven-member Group of Ministers to suggest on cess demand for Kerala flood rehabilitation. Briefing reporters after the 30th meeting of the GST Council, Finance Minister Arun Jaitley said the panel discussed the proposal from Kerala to levy Calamity Tax, a special tax or cess to raise additional resources aimed at meeting the cost of reconstruction in Kerala in the aftermath of floods. Since this would set a precedence, a GoM was formed to give suggestions, he said. The Council also reviewed revenue trends and deficit of states, he said, adding state deficit this year is 13 percent and may reduce further as consumption picks up.

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History of this topic

Mohandas Pai dismisses ‘silly’ Mahakumbh Mela GST collection claim, netizens say ‘you mean hotels and travel were free’
2 weeks, 6 days ago

Mohandas Pai dismisses ‘silly’ Mahakumbh Mela GST collection claim, netizens say ‘you mean hotels and travel were free’

Live Mint  

Former Infosys CFO Mohandas Pai dismissed allegations of false goods and services tax collections during the Kumbh Mela 2025, which was held in Prayagraj, Uttar Pradesh. Pai shared a post by an X user, who called out the “Kumbh propaganda” of the Uttar Pradesh government, portraying incorrect revenue and GST collection numbers. X user's claim "66 crores people visited, ₹7,000 …

Taxes have come down after GST regime, says official at outreach programme
1 month, 1 week ago

Taxes have come down after GST regime, says official at outreach programme

The Hindu  

After the introduction of the GST in 2017, the taxes for many goods had come down, said Director General Mahesh Kumar Rustagi here on Friday. Inaugurating a GST outreach programme for MSME sector, organised by the Directorate General of Taxpayer Services, Commercial Taxes Department of Tamil Nadu and Confederation of Indian Industry, he said taxes on many commodities such as …

After a tax cut and a rate cut, it's time now for a GST cut
1 month, 1 week ago

After a tax cut and a rate cut, it's time now for a GST cut

Live Mint  

After the Union government reduced the tax burden on individuals and the central bank followed with an interest rate cut, it's over to the states now. Its original goal was to reduce disputes related to the classification of goods and services, correct tax anomalies like finished products getting taxed at a lower rate than raw materials, and to enhance GST …

No populist measure as Kerala budget focusses on infra push
1 month, 2 weeks ago

No populist measure as Kerala budget focusses on infra push

Hindustan Times  

Kerala finance minister KN Balagopal presented the financial outlay of the state for FY 2025-26 on Friday, seeking to mop up revenue mobilising measures through tax hikes on land and vehicles, push the accelerator on building infrastructure and steering clear of populist measures ahead of local body elections this year and the assembly polls next year. In an address that …

GST Council to decide on fewer, lower tax rates soon: Nirmala Sitharaman
1 month, 2 weeks ago

GST Council to decide on fewer, lower tax rates soon: Nirmala Sitharaman

India Today  

Finance Minister Nirmala Sitharaman announced on Tuesday that the GST Council is nearing a decision on rationalising tax rates, as the review process is almost complete. Addressing speculation, Sitharaman dismissed claims that the tax relief was politically motivated ahead of the Delhi Assembly elections, asserting that it reflects Prime Minister Narendra Modi's commitment to taxpayers. The Budget has allocated Rs …

GST rate rationalisation needed: Finance SecyGST rates need to be rationalised: Finance Secretary
1 month, 3 weeks ago

GST rate rationalisation needed: Finance SecyGST rates need to be rationalised: Finance Secretary

Live Mint  

New Delhi, Feb 3 Finance Secretary Tuhin Kanta Pandey on Monday said enough experience has been gained with regard to implementation of GST and now the rates need to be rationalised in consultation with states. The GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising her state counterparts, has set up a group of ministers to suggest changes in …

Net GST collection in January rises 11% to ₹1.71 trillion
1 month, 3 weeks ago

Net GST collection in January rises 11% to ₹1.71 trillion

Live Mint  

New Delhi: The Centre and states collected net goods and services tax of ₹1.71 trillion in January, the highest in nine months. Mani, partner, Deloitte India, said: "The steady pace of the GST collections resulting in a 9.4% growth in revenues compared with the same period last year will help in exceeding the BE budget estimates) for FY25, if the …

GST Act | Notification Not Needed For Cross-Empowerment Of State Officials : Kerala High Court
2 months, 1 week ago

GST Act | Notification Not Needed For Cross-Empowerment Of State Officials : Kerala High Court

Live Law  

In a significant judgment having a wide impact on several pending cases, the Kerala High Court on Wednesday ruled that separate notification is not necessary for the cross-empowerment of State officials under the Goods and Services Tax Act.A division bench comprising Justice Dr AK Jayasankaran Nambiar and Justice S Easwaran delivered this significant judgment while answering. In a significant judgment …

Gabbar Sitharaman Tax: Congress’ fresh jab at FM, says new circulars are issued 90 months after GST rollout
2 months, 2 weeks ago

Gabbar Sitharaman Tax: Congress’ fresh jab at FM, says new circulars are issued 90 months after GST rollout

Live Mint  

Congress leader Pawan Khera on Thursday took a swipe at Union Finance Minister Nirmala Sitharaman over Goods and Service Tax and said that even 90 months after the implementation of GST, new circulars are being issued. Speaking to ANI in Rajasthan, Khera referred to GST as Gabbar Sitharaman Tax, and said it has affected everyone. The tax that should have …

GST collection 2024: Congress alleges slowdown in GST collections; asks government to focus on complexities of economy
2 months, 3 weeks ago

GST collection 2024: Congress alleges slowdown in GST collections; asks government to focus on complexities of economy

The Hindu  

The Congress on Friday claimed that the last quarter of the current fiscal year witnessed the “second-slowest pace” of collection of Goods and Services Tax in the past three years and urged the government to focus on the complexities of the economy instead of imposing tax on popcorn. Net GST growth slumps to 3.3% in December, as revenues slow and …

Net GST growth slumps to 3.3% in December, as revenues slow and refunds rise 45%
2 months, 3 weeks ago

Net GST growth slumps to 3.3% in December, as revenues slow and refunds rise 45%

The Hindu  

India’s gross Goods and Services Tax receipts increased at the second-slowest pace in 43 months in December, while growth in net GST collections, after adjusting for refunds, slumped to 3.3%, the weakest in financial year 2024-25. Editorial: ​Selective indecision | on the GST Council’s 55th meeting, decisions December’s gross GST inflows, for transactions undertaken in November, were a tad under …

GST collections rise 7.3 pc to Rs 1.77 lakh cr in December
Top News
2 months, 3 weeks ago

GST collections rise 7.3 pc to Rs 1.77 lakh cr in December

Deccan Chronicle  

New Delhi: Goods and Services Tax collections rose by 7.3% to ₹1.77 lakh crore in December, maintaining figures above the ₹1.7 lakh crore mark for the tenth consecutive month. While higher than the ₹1.65 lakh crore collected in December 2023, it fell short of the record ₹2.1 lakh crore achieved in April 2024, according to government data released on Wednesday. …

Centre, states collect gross GST revenue of ₹1.76 trillion in December
Trending News
2 months, 3 weeks ago

Centre, states collect gross GST revenue of ₹1.76 trillion in December

Live Mint  

The Union and state governments collected gross Goods and Services Tax revenue of ₹1.76 trillion in December, the lowest in in three months, but showing an improvement of 7.3% from a year ago, official data showed. After adjusting for tax refunds, GST revenue collection stood at ₹1.54 trillion, showing annual growth of 3.3%. After refunds, GST revenue receipts in the …

Arunachal committed to support GST reforms for economic growth: Deputy CM
3 months ago

Arunachal committed to support GST reforms for economic growth: Deputy CM

The Hindu  

Arunachal Pradesh Deputy Chief Minister Chowna Mein stated that the government is committed to support GST reforms for fostering economic growth and ease of compliance for all stakeholders in the State. Speaking at the 55th GST Council meeting at Jaisalmer in Rajasthan on Saturday, Mr. Mein, who also holds the Finance portfolio, said that the state government remained dedicated to …

GST Council's key decisions: What's cheaper, what's costlier, and all other details
3 months ago

GST Council's key decisions: What's cheaper, what's costlier, and all other details

India Today  

The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman on Saturday, introduced significant changes to the Goods and Services Tax framework. Several items and services will see a reduction in GST rates, offering financial relief: Fortified Rice Kernels : The GST rate on FRK has been reduced to 5% when supplied through the Public Distribution System. On …

GoM to Dwell on 1% State Calamity Cess Under GST Framework
3 months ago

GoM to Dwell on 1% State Calamity Cess Under GST Framework

Deccan Chronicle  

Vijayawada: The 55th GST Council led by union finance minister Nirmala Sitaraman will constitute a Group of Ministers to consider permitting states to impose a calamity cess of one per cent on luxury goods under the Goods and Services Tax framework. Andhra Pradesh finance minister Payyavula Keshav came up with the proposal of levying one per cent calamity cess on …

GST council GoM to meet soon on lowering taxes for insurance premiums
3 months ago

GST council GoM to meet soon on lowering taxes for insurance premiums

Hindustan Times  

PATNA: The goods and services tax council’s group of ministers requires another meeting to discuss lowering taxes on insurance premiums for individuals, senior citizens, and groups, the GoM’s convener Samrat Chaudhary said after a meeting of the council in Rajasthan’s Jaisalmer on Saturday. Union finance minister Nirmala Sitharaman chairs the 55th meeting of the GST Council in Jaisalmer Chaudhary, who …

55th GST council meeting in Jaisalmer on December 21, 2024: Finance Minister Nirmala Sitharaman media briefing
3 months ago

55th GST council meeting in Jaisalmer on December 21, 2024: Finance Minister Nirmala Sitharaman media briefing

The Hindu  

A much-anticipated review of the Goods and Services Tax levies on life and health insurance policies was put off by the apex body in charge of the indirect tax regime, the GST Council at its 55th meeting on Saturday, as some members sought more discussions on the matter before taking a final call. Moreover, rate rationalisation suggestions pertaining to about …

GST Council agrees to maintain status quo on taxing ATF by States: Bhatti
3 months ago

GST Council agrees to maintain status quo on taxing ATF by States: Bhatti

Deccan Chronicle  

Hyderabad: Goods and Services Tax Council agreed to maintain the status quo on taxing Aviation Turbine Fuel under VAT, according to Deputy Chief Minister Bhatti Vikramarka Mallu on Saturday. Bhatti, who was also the Finance Minister, attended the 55th meeting of the GST Council meeting chaired by Finance Minister Nirmala Sitaraman at Jaisalmer in Rajasthan on Saturday. On the issue …

GST Council Meeting Highlights: Nirmala Sitharaman defers decision on insurance tax, sweet popcorn to attract 18% tax
3 months ago

GST Council Meeting Highlights: Nirmala Sitharaman defers decision on insurance tax, sweet popcorn to attract 18% tax

Live Mint  

The 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman in Jaisalmer, Rajasthan, introduced several updates to the taxation framework while deferring discussions on GST restructuring for insurance products. Finance Minister Nirmala Sitharaman, while addressing the media on Saturday, said the Bihar deputy chief minister Samrat Chaudhary felt that any decision on GST on health insurance would require GoM …

GST Council 55th Meeting in Jaisalmer: FM Nirmala Sitharaman to discuss potential revisions in insurance, aviation taxes
3 months ago

GST Council 55th Meeting in Jaisalmer: FM Nirmala Sitharaman to discuss potential revisions in insurance, aviation taxes

Live Mint  

The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman and including state finance ministers, will convene today, December 21, in Jaisalmer, Rajasthan. This pivotal gathering of the apex body for indirect taxes is expected to focus on significant rate changes for life and health insurance, luxury items, and the possible inclusion of aviation turbine fuel under the …

55th GST Council Meeting: Raises tax on used car sales; postpones debates on insurance, 'sin' products
3 months ago

55th GST Council Meeting: Raises tax on used car sales; postpones debates on insurance, 'sin' products

New Indian Express  

The 55th Goods and Services Tax Council meeting, held in Jaisalmer, Rajasthan, under Finance Minister Nirmala Sitharaman on Saturday, deferred discussions on the much-anticipated proposal to restructure GST on insurance premiums. The GST Council also postponed discussions on the widely discussed rate rationalisation for various consumer items, including so-called ‘sin’ products. Under the current GST framework, e-commerce platforms face specific …

GST council approves key reforms, defers decision on insurance premium tax cuts
3 months ago

GST council approves key reforms, defers decision on insurance premium tax cuts

India TV News  

The Goods and Services Tax Council, chaired by Finance Minister Nirmala Sitharaman, made significant decisions in its 55th meeting, aimed at streamlining the taxation system and curbing tax evasion. Other exemptions and clarifications Third-Party Motor Vehicle Premiums: Contributions made by general insurance companies to the Motor Vehicle Accident Fund, established under the Motor Vehicles Act, 1988, have been exempted from …

No plans of 35% GST slab yet: MoS Finance
3 months, 1 week ago

No plans of 35% GST slab yet: MoS Finance

New Indian Express  

New Delhi: There are no plans yet to have a 35 percent tax slab under the Goods and Services Tax, and any decision on this would be taken together in consultation with GST Council, minister of state for finance, Pankaj Chaudhary told reporters in Delhi on Friday. The compensation cess levied under GST would cease to exist after March 2026, …

GST rate hike claims are ‘premature, speculative’
3 months, 2 weeks ago

GST rate hike claims are ‘premature, speculative’

The Hindu  

The Central Board of Indirect Taxes and Customs on Tuesday dismissed reports indicating significant indirect tax rate changes and hikes on the Goods and Services Tax rates of various goods and services, as “premature and speculative”, and stressed that a ministerial group tasked with rationalising the multiple GST rates is yet to finalise its recommendations. While the GST Council, which …

Punjab registers 63% jump in net GST collection: Harpal Singh Cheema
Trending News
3 months, 3 weeks ago

Punjab registers 63% jump in net GST collection: Harpal Singh Cheema

Hindustan Times  

Punjab finance, planning, excise and taxation minister Harpal Singh Cheema said on Sunday that the state witnessed 62.93% growth in net GST collection during November 2024 compared to the corresponding period last year. Punjab finance, planning, excise and taxation minister Harpal Singh Cheema said the total net collection from VAT, CST, GST, PSDT, and excise in November this year is …

Top News on Dec 1: GST collection rises, Andhra dissolves Waqf board, Kejriwal rules out alliance in Delhi polls, more
3 months, 3 weeks ago

Top News on Dec 1: GST collection rises, Andhra dissolves Waqf board, Kejriwal rules out alliance in Delhi polls, more

Live Mint  

From increase in GST collection to Andhra govt dissolving Waqf board to killing of 7 Maoists to Donald Trump picking loyalist Kash Patel as his new FBI director, here are today's top stories. GST collection for November rises by 8.5% to ₹ 1.82 lakh crore The goods and service tax collection for the month of November rose 8.5 per cent …

GST mopup surges 8.5 per cent to 1.82 lakh crore in November
3 months, 3 weeks ago

GST mopup surges 8.5 per cent to 1.82 lakh crore in November

Deccan Chronicle  

New Delhi: India's gross goods and service tax or GST mopup surged by 8.5 per cent to over Rs 1.82 lakh crore in November on year-on-year basis as compared to Rs 1.68 lakh crore in the same month last year. As per the data released by the finance ministry, the total gross GST revenue grew 8.5 per cent to over …

GST | Separate Notification Needed For Cross-Empowerment Of State Officials? Kerala High Court Refers To Division Bench
3 months, 3 weeks ago

GST | Separate Notification Needed For Cross-Empowerment Of State Officials? Kerala High Court Refers To Division Bench

Live Law  

A single bench of the Kerala High Court has referred to the division bench the issue relating to the cross-empowerment of State officials under Section 6 of the Goods and Services Act.Justice P Gopinath passed the reference order in a writ petition filed by a company challenging a show-cause notice issued by the State authorities. A single bench of the …

Grants For Daily Expenses Are Not Consideration For Services Rendered By Assessee, Not Liable To Tax: Kerala High Court
3 months, 3 weeks ago

Grants For Daily Expenses Are Not Consideration For Services Rendered By Assessee, Not Liable To Tax: Kerala High Court

Live Law  

The Kerala High Court stated that financial grants provided to the assessee for covering daily operational expenses do not qualify as payment for any services that the assessee might be providing and are not liable to tax. The Bench of Justice Gopinath P. observed that “The assessee has only received grants to meet its day-to-day expenses including salary, allowances etc. …

Grants For Daily Expenses Are Not Consideration For Services Rendered By Assessee, Not Liable To Tax: Kerala High Court
3 months, 3 weeks ago

Grants For Daily Expenses Are Not Consideration For Services Rendered By Assessee, Not Liable To Tax: Kerala High Court

Live Law  

The Kerala High Court stated that financial grants provided to the assessee for covering daily operational expenses do not qualify as payment for any services that the assessee might be providing and are not liable to tax. The Bench of Justice Gopinath P. observed that “The assessee has only received grants to meet its day-to-day expenses including salary, allowances etc. …

GST Council to Review GoM’s Insurance Tax Suggestions Soon
3 months, 3 weeks ago

GST Council to Review GoM’s Insurance Tax Suggestions Soon

Deccan Chronicle  

New Delhi: Recommendations of the Group of Ministers looking into issues pertaining to GST on life and health insurance will be placed before the GST Council when received, Parliament was informed on Monday. After detailed deliberations, the Council recommended constituting a GoM to holistically look into issues pertaining to GST on life and health insurance. First meeting of the GoM …

GST Council To Meet In Jaisalmer On Dec 21; Key Decisions On Insurance And Rate Cuts Likely
4 months ago

GST Council To Meet In Jaisalmer On Dec 21; Key Decisions On Insurance And Rate Cuts Likely

ABP News  

The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, is scheduled for December 21 in Jaisalmer, Rajasthan. The council, comprising state finance ministers, is expected to deliberate on major tax policy changes, including a decision on exempting or reducing GST rates on health and life insurance policies. Following discussions last month, the GoM has proposed …

GST Council to meet in Jaisalmer on Dec 21; may decide on insurance levy, rate rationalisation
4 months ago

GST Council to meet in Jaisalmer on Dec 21; may decide on insurance levy, rate rationalisation

Deccan Chronicle  

New Delhi: The GST Council will meet on December 21 in Jaisalmer, in which the much-awaited decision on exemption or lower GST rate on health and life insurance is likely to be taken. The council, chaired by Union Finance Minister Nirmala Sitharaman and comprising her state counterparts, may also take up some rate rationalisation exercise and reduce tax rates on …

Centre-state budget talks, GST Council meet after Parliament session jobs, growth, urban consumption in focus
4 months, 2 weeks ago

Centre-state budget talks, GST Council meet after Parliament session jobs, growth, urban consumption in focus

Live Mint  

NEW DELHI : Finance minister Nirmala Sitharaman is set to consult state finance ministers on the FY26 Union Budget following Parliament’s winter session, which concludes on 20 December. That is a major policy instrument available now, provided states also agree," said N. R Bhanumurthy, director, Madras School of Economics, noting that while GST revenue hit ₹1.87 trillion in October—the second …

GST rate rationalisation: GoM discusses pruning 12% slab, next meeting on October 20
5 months, 3 weeks ago

GST rate rationalisation: GoM discusses pruning 12% slab, next meeting on October 20

The Hindu  

The Group of Ministers on GST rate rationalisation has discussed tax rate tweaks on over 100 items, including lowering taxes on certain goods from 12% to 5%, to give relief to the common man, West Bengal Finance Minister Chandrima Bhattacharya said on Thursday, September 26, 2024. She said items used by the common man should attract lower tax rates and …

GoM Meeting: Bihar Deputy Chief Minister leads GST rate rationalisation push
6 months ago

GoM Meeting: Bihar Deputy Chief Minister leads GST rate rationalisation push

Live Mint  

A ministerial panel on Goods and Services Tax rate rationalisation is set to convene on September 25 in Goa, where it will likely discuss possible adjustments to tax slabs and rates, PTI reported. At the August meeting, the GoM directed the fitment committee—comprising tax officials from both the Centre and states—to assess the impact of potential tax rate changes on …

GST Council meeting: New GoM on health insurance to submit report by October; Council may take a call on 18% GST levy in November
6 months, 2 weeks ago

GST Council meeting: New GoM on health insurance to submit report by October; Council may take a call on 18% GST levy in November

The Hindu  

To soothe the growing clamour for a reduction in the 18% tax levy on the premium paid for health and life insurance policies, the Goods and Services Tax Council on Monday set the stage for a possible rethink by mandating a stiff 50-day deadline for a new Group of Ministers to review the tax rate. The Council’s chair, Union Finance …

GST Council lowers tax on cancer drugs to 5%, to finalise cuts on health and life insurance premiums
6 months, 2 weeks ago

GST Council lowers tax on cancer drugs to 5%, to finalise cuts on health and life insurance premiums

New Indian Express  

MUMBAI: After much hue and cry over 18% GST on health and life insurance premiums, the GST Council in its 54th meeting on Monday reached a broad consensus on reducing taxes and decided to constitute a Group of Ministers to deliberate on the issue. In the meeting chaired by Finance Minister Nirmala Sitharaman, the GST Council also made several key …

​Enhancing oversight: The Hindu Editorial on the GST Council meet and issues
6 months, 3 weeks ago

​Enhancing oversight: The Hindu Editorial on the GST Council meet and issues

The Hindu  

The Goods and Services Tax Council, entrusted with overseeing the seven-year-old indirect tax regime, is slated to meet on September 9. The Council, whose parleys steered by the Union Finance Minister with States’ representatives are critical for resolving taxpayer challenges and setting broader policy direction, ought to meet regularly at such frequency. Beyond the broader revamp, the Council could also …

GST: Infosys, foreign airlines, shipping lines may see relief as concerns rise for ‘ease of doing business’, says report
7 months ago

GST: Infosys, foreign airlines, shipping lines may see relief as concerns rise for ‘ease of doing business’, says report

Live Mint  

The Centre is likely to give some GST relief to corporates, including IT major Infosys, foreign airlines and foreign shipping lines, amid growing concerns over ease of doing business, CNBC-TV18 reported, citing sources. It added that the Directorate General of GST Intelligence's spree of notices to Infosys, foreign airlines, and shipping lines is also in focus. Group of Ministers meets …

GST relief may hit state finances
8 months ago

GST relief may hit state finances

Deccan Chronicle  

Hyderabad: The GST Council’s decision to provide relief to taxpayers in Telangana could have serious consequences for state finances. The most hard-hitting decision taken at the 53rd meeting of the Council was the relief extended to taxpayers for the financial years 2017-18 to 2019-20 waving interest and penalty on tax demands under Section 73. This step will benefit tax payers …

Lessons from India’s midnight tryst with fiscal destiny
8 months ago

Lessons from India’s midnight tryst with fiscal destiny

New Indian Express  

At this point, Chidambaram passed a handwritten note to me and other finance ministry secretaries. This involved setting up the required technology systems, building a GST model that is revenue-neutral to the states, and achieving a grand bargain between states and the Centre to integrate divergent tax systems. It was known that the technology systems were not yet fully ready, …

A fresh start: On the Goods and Services Tax Council meet
8 months, 3 weeks ago

A fresh start: On the Goods and Services Tax Council meet

The Hindu  

The Goods and Services Tax Council was convened last week for the first time in nearly nine months. Apart from several industry-specific measures, a few of which will kick in with retrospective effect, the Council also opted to waive interest and penalty on tax dues for the first three years of GST, provided they are paid by March 2025. Beyond …

53rd GST Council Meeting: Know Recommendations Relating To GST Rates On Goods & Services
9 months ago

53rd GST Council Meeting: Know Recommendations Relating To GST Rates On Goods & Services

Live Law  

The 53rd GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. The GST Council made the following recommendations relating to changes in GST tax rates: Uniform IGST Applicable On Components Related To Aircrafts A uniform rate of 5% IGST will apply to imports of 'Parts, components, testing equipment, tools and tool-kits of aircrafts, irrespective …

GST Council meeting today: Here are the five key expectations
9 months ago

GST Council meeting today: Here are the five key expectations

Live Mint  

New Delhi: Goods and Services Tax Council is meeting in the capital after over eight months to discuss indirect tax matters, including further strengthening the tax ecosystem to make it foolproof. Law change on scope of GST The Council is expected to clear the text of legislative amendments to Central, State and Integrated GST laws to exclude extra-neutral alcohol, the …

53rd GST Council Meet Tomorrow: What's The Key Expectations?
9 months ago

53rd GST Council Meet Tomorrow: What's The Key Expectations?

Live Law  

About Eight and a half months after its previous meeting, the Center has decided to call a meeting of the Goods and Services Tax Council on June 22, 2024.Although the meeting's agenda is yet unknown, state finance ministers should bring forth ideas for an indirect tax system that might be included in the Union Budget, which is anticipated to be …

GST Council to meet on June 22: What will be the agenda?
9 months, 1 week ago

GST Council to meet on June 22: What will be the agenda?

The Hindu  

The Centre has decided to convene a meeting of the Goods and Services Tax Council on June 22, eight-and-a-half months after its last meeting, the Finance Ministry said on June 13, 2024. At its last meeting held on October 7, 2023, the Council, headed by the Finance Minister, had initiated discussions on a “perspective plan” to impose a cess or …

Time Limit To Avail ITC Is Till 30th November In Each Financial Year From Beginning Of GST Regime: Kerala High Court
9 months, 2 weeks ago

Time Limit To Avail ITC Is Till 30th November In Each Financial Year From Beginning Of GST Regime: Kerala High Court

Live Law  

The Kerala High Court has held that the time limit to avail ITC is November 30th in each financial year from the beginning of the GST regime.The bench of Justice Dinesh Kumar Singh has observed that prior to the amendment in Section 39 by the Finance Act 2022, the date for furnishing the return under Section 39 was September 30th. …

Broaden GST net, cut cesses to reduce tax burden
10 months, 3 weeks ago

Broaden GST net, cut cesses to reduce tax burden

New Indian Express  

Goods and services tax collection crossed the landmark of Rs 2.1 lakh crore for the first time in April. Truth be told, April has always seen higher collections, thanks in part to year-end adjustments in tax assessments. But what sets apart the latest haul is that a part of the 12.4 percent increase over last year was led by a …

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