Ease of doing business: Implementation of GST will further boost India's ranking in future, say bankers
7 years, 4 months ago

Ease of doing business: Implementation of GST will further boost India's ranking in future, say bankers

Firstpost  

The latest Ease of Doing Business report by the World Bank released today did not take into consideration the implementation of Goods and Services Tax from 1 July, 2017. “Going forward, GST’s incorporation in next year’s assessment will provide another significant leap in doing-business rankings for India,” Yes Bank managing director Rana Kapoor said in a statement. It is to be noted that the latest Ease of Doing Business report by the World Bank released today did not take into consideration the implementation of Goods and Services Tax from 1 July, 2017. Passage of the GST Bill was clearly a watershed moment for the economy but even otherwise there has been a sustained effort to simplify licencing and tax structures, thereby making India a much more investment friendly place to do business, said Axis Bank managing director Shikha Sharma.

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History of this topic

Review GST framework: PAC suggestion to finance ministry
3 days, 19 hours ago

Review GST framework: PAC suggestion to finance ministry

Hindustan Times  

The Public Accounts Committee has recommended that the Union finance ministry undertake “a comprehensive review of the GST framework” to simplify the Goods and Services Tax regime while calling for a revamped GST 2.0. The PAC led by Congress lawmaker KC Venugopal suggested the government to review “streamlining the return filing process by consolidating forms and reducing the frequency of …

Opposition leaders press for simplification, reduction of GST
6 days, 6 hours ago

Opposition leaders press for simplification, reduction of GST

Live Mint  

New Delhi, Mar 24 Opposition members on Monday demanded the government to simplify and reduce the Goods and Services Tax as it is putting the burden on the poor. Participating in the debate on the Finance Bill 2025, Supriya Sule said GST needs lots of reform, and there is a need to bring down rates. The Finance Minister should answer …

Tamil Nadu’s GST growth is better than national average: Finance Secretary
2 weeks, 2 days ago

Tamil Nadu’s GST growth is better than national average: Finance Secretary

The Hindu  

Tamil Nadu’s GST growth is better than the national average, Finance Secretary T. Udhayachandran said on Friday. We have made extra efforts in data analytics and tax administration.” Pointing out that the most critical aspect in the GST is digital economy, he said, “We are looking to focus more on digital services. We are getting data from payment aggregators and …

Central GST officers detect tax evasion of Rs 1.95 lakh crore during April-January
2 weeks, 6 days ago

Central GST officers detect tax evasion of Rs 1.95 lakh crore during April-January

India TV News  

Central GST officers detect tax evasion of Rs 1.95 lakh crore during April-January During the Budget Session Lok Sabha proceedings, Minister of State for Finance Pankaj Chaudhary told the House that in this fiscal year till January, 25,397 cases of GST evasion have been detected. In a shocking development, the officers of the Central GST have detected tax evasion of …

GST rate cut soon, tax review in final stages, says FM Nirmala Sitharaman
3 weeks, 1 day ago

GST rate cut soon, tax review in final stages, says FM Nirmala Sitharaman

Live Mint  

Goods and Services Tax Council is in the final stages of reviewing GST structure and a reduction of the levy would happen soon, union finance minister Nirmala Sitharaman, who chairs the Federal indirect tax body said on Saturday. Speaking at the Economics Times Awards for Corporate Excellence in Mumbai, Sitharaman said that the ministerial group set up by the GST …

India's GST rises by 9.1 pc in February 2025
4 weeks, 1 day ago

India's GST rises by 9.1 pc in February 2025

Deccan Chronicle  

New Delhi: India's gross goods and services tax or GST collections rose by 9.1 per cent to about Rs 1.84 lakh crore in February 2025, while gross and net GST revenues in February 2024 were Rs 1.68 lakh crore and Rs 1.50 lakh crore. The GST revenue includes a 10.2 per cent jump in domestic revenues at Rs 1.42 lakh …

India’s GST collection rises 9.1% to ₹1.84 lakh crore in February 2025
4 weeks, 1 day ago

India’s GST collection rises 9.1% to ₹1.84 lakh crore in February 2025

Live Mint  

India's gross goods and services tax collections rose 9.1 per cent to about ₹1.84 lakh crore in February 2025. GST revenues from domestic transactions jumped 10.2 per cent to ₹1.42 lakh crore, while those from imports grew 5.4 per cent to ₹41,702 crore during February. The net GST collections during February 2025 grew 8.1 per cent to about ₹1.63 lakh …

GST collections rise 9% to Rs 1.84 lakh cr; indicate economic revival, say experts
4 weeks, 1 day ago

GST collections rise 9% to Rs 1.84 lakh cr; indicate economic revival, say experts

New Indian Express  

NEW DELHI: Gross GST collections rose by 9.1 per cent to about Rs 1.84 lakh crore in February, boosted by domestic consumption and indicating potential economic revival. GST revenues from domestic transactions jumped 10.2 per cent to Rs 1.42 lakh crore while that from imports grew 5.4 per cent to Rs 41,702 crore during February. Net GST collections during February …

After a tax cut and a rate cut, it's time now for a GST cut
1 month, 2 weeks 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 …

The post-Budget agenda: How to make GST 'Good and Simple Tax'
1 month, 2 weeks ago

The post-Budget agenda: How to make GST 'Good and Simple Tax'

India Today  

Good intention undone by poor implementation. At the SKOCH Summit in New Delhi in November 2024, M. Govinda Rao, economist and former member of the 14th Finance Commission, had said, “Globally, GST is considered a money machine. While political constraints may prevent a single rate, reducing the number of rates would bring clarity and efficiency.” At present, the GST structure …

GST evasion of ₹1.88 lakh cr detected by CGST officers during April-Dec 2024
1 month, 2 weeks ago

GST evasion of ₹1.88 lakh cr detected by CGST officers during April-Dec 2024

Live Mint  

New Delhi, Feb 10 GST evasion of over ₹1.88 lakh crore was detected by Central GST officers during April-December 2024, the Lok Sabha was informed on Monday. Minister of State for Finance Pankaj Chaudhary said GST evasion, including ITC fraud cases, in 72,393 cases between April and December stood at ₹1.88 lakh crore. In the 2023-24 fiscal, CGST officials detected …

Is a cut in GST rates next? GST Council to soon take a decision, says FM Sitharaman
Trending News
1 month, 3 weeks ago

Is a cut in GST rates next? GST Council to soon take a decision, says FM Sitharaman

Firstpost  

The Goods and Services Tax follows a four-tier structure with rates of 5%, 12%, 18%, and 28%. The GST Council will soon take a decision on having fewer and lower rates as the review work is almost complete, Finance Minister Nirmala Sitharaman said on Tuesday. Days after presenting the Union Budget 2025-26 that also provides significant income tax relief to …

GST Council to decide on fewer, lower tax rates soon: Nirmala Sitharaman
1 month, 3 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 …

Chandigarh’s GST collections up in January after December dip
1 month, 3 weeks ago

Chandigarh’s GST collections up in January after December dip

Hindustan Times  

After a dip in December, Goods and Services Tax collections in Chandigarh rebounded in January, showing a healthy 8% increase compared to the same period last year. The January 2025 collection reached ₹271 crore, according to the ministry of finance, a ₹19-crore jump from the ₹252 crore collected in January 2024. This positive start to the year follows a 20% …

Net GST collection in January rises 11% to ₹1.71 trillion
1 month, 4 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 collection in January rises 12.3 per cent to Rs 1.96 lakh crore: Govt data
1 month, 4 weeks ago

GST collection in January rises 12.3 per cent to Rs 1.96 lakh crore: Govt data

India TV News  

The gross GST revenue rose 12.3 per cent to Rs 1.96 lakh crore in January on higher domestic economic activity, government data showed on Saturday. This includes 10.4 per cent growth in revenue from sale of goods and services domestically at Rs 1.47 lakh crore and 19.8 per cent rise in tax revenue from imported goods at Rs 48,382 crore. …

U.P. launches initiative to broaden GST base
2 months ago

U.P. launches initiative to broaden GST base

Hindustan Times  

Uttar Pradesh has launched a new initiative aimed at expanding its Goods and Services Tax base by focusing on untapped sectors within the service industry. Commissioner state tax, Nitin Bansal said the service sector has immense scope for broadening the tax bae in the state The state aims to enhance compliance and curb tax evasion by appointing officials to oversee …

Facing issues with GST portal? Govt likely to extend filing deadline for taxpayers
2 months, 2 weeks ago

Facing issues with GST portal? Govt likely to extend filing deadline for taxpayers

India TV News  

The Goods and Services Tax Network has identified major technical glitches with the GST portal, leading to discussions on a possible extension of GSTR-1 filing. Impact of GSTR-1 filing deadlines The last date for filing GSTR-1 for the December 2024 tax period is February 11, 2025, for regular taxpayers and February 13, 2025, for the Quarterly Return Monthly Payment scheme, …

Gabbar Sitharaman Tax: Congress’ fresh jab at FM, says new circulars are issued 90 months after GST rollout
2 months, 3 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 …

Gems, jewellery sector urges govt to reduce GST to 1% in upcoming Budget
2 months, 3 weeks ago

Gems, jewellery sector urges govt to reduce GST to 1% in upcoming Budget

The Hindu  

The gems and jewellery sector has urged the government for a reduction in goods and services tax to 1% on revenue equivalence ratio to ease the cost burden on the industry in the upcoming Budget. “We seek rationalisation of taxes and availability of finance to support business,” the All India Gem and Jewellery Domestic Council Chairman Rajesh Rokde said in …

Existing system to measure GST profoundly flawed, says Minister Palanivel Thiaga Rajan
2 months, 3 weeks ago

Existing system to measure GST profoundly flawed, says Minister Palanivel Thiaga Rajan

New Indian Express  

CHENNAI: Speaking at the almuni meet, Information Technology minister Palanivel Thiaga Rajan said the existing system to measure the goods and services tax is ‘profoundly flawed’ and can be corrected by 20 different steps without needing any new legislation. “At every quarter, we used to get this kind of statement from Delhi, we have record GST collections. If GDP keeps …

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, 4 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, 4 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, 4 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 …

GST on exam forms: Turned dreams of people into source of income, Priyanka GANDHI slams govt
3 months, 1 week ago

GST on exam forms: Turned dreams of people into source of income, Priyanka GANDHI slams govt

The Hindu  

Congress MP Priyanka Gandhi Vadra on Monday attacked the BJP over levying GST on examination forms, saying the government had turned the dreams of parents who saved every penny to prepare their children for exams into a source of income. The Congress General Secretary shared an examination form of the Kalyan Singh Super Speciality Cancer Institute, Sultanpur, that showed 18% …

Towards a simple and rational GST
3 months, 1 week ago

Towards a simple and rational GST

Hindustan Times  

Social media went pop over popcorn on Saturday, sharing details on the differential Goods and Services Tax rates on variants. But, two larger issues with India’s indirect tax regime need to be promptly addressed. The window for the rationalisation of the tax slabs has been extended, and it isn’t clear whether this will even happen The first has to do …

Arunachal committed to support GST reforms for economic growth: Deputy CM
3 months, 1 week 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 rate overhaul to face tough review amid tepid urban demand and inflation worries
3 months, 1 week ago

GST rate overhaul to face tough review amid tepid urban demand and inflation worries

Live Mint  

JAISALMER : Inflation and consumer appetite for purchases are two considerations that are expected to weigh on the Goods and Services Tax Council when it examines a ministerial group's recommendations for further hikes in the indirect tax, three persons informed about the development said. The ministerial group, led by Bihar deputy chief minister Samrat Chaudhary, is expected to make its …

U.P.’s GST revenue grows 15%, surpassing national average
3 months, 2 weeks ago

U.P.’s GST revenue grows 15%, surpassing national average

Hindustan Times  

Uttar Pradesh has recorded impressive consumer spending trends, with a 15% growth in Goods and Services Tax revenue until November, surpassing the national average of 13%. U.P.’s GST revenue for the period reached ₹56,687 crore, up from ₹49,282 crore during the same period last year. are spending at levels comparable to, or in some cases higher than, residents of more …

No plans of 35% GST slab yet: MoS Finance
3 months, 2 weeks 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 changes: Consult the public
3 months, 3 weeks ago

GST rate changes: Consult the public

New Indian Express  

The “recommendations” symbolise a misalignment, the fault lines in the understanding of the state of the economy. While the GST Council has ceased publishing data on collections, news reports show that November saw gross GST collections, at Rs 1.82 lakh crore, growing at 8.5 percent. It is a moot point if the process of GST Council GoMs allows for representations, …

Mind economy's interest before Revenue's: Sanjay Malhotra to tax officials
3 months, 3 weeks ago

Mind economy's interest before Revenue's: Sanjay Malhotra to tax officials

Live Mint  

New Delhi: Cautioning tax officials to not kill the goose that lays the golden egg in the process of tax collection, revenue secretary Sanjay Malhotra told a gathering of officials that they need to be careful not to hurt the economy’s interests in the hunt for revenue. “This is a very positive development for the industry—it signals the government's intention …

GST rate hike claims are ‘premature, speculative’
3 months, 3 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 …

Reports about GST rate changes on various goods are premature and speculative, says CBIT
3 months, 3 weeks ago

Reports about GST rate changes on various goods are premature and speculative, says CBIT

The Hindu  

Statement from the Central Board of Indirect Taxes and Customs on GST rate hike reports that have been doing the rounds since last night There are various reports in the media regarding the Group of Ministers recommendations on GST rate changes regarding various goods and services. A Group of Ministers was constituted to look into the GST rate rationalization apart …

Up to 75 pc of GST revenue comes from 18 pc slab: MoS Finance
3 months, 4 weeks ago

Up to 75 pc of GST revenue comes from 18 pc slab: MoS Finance

Deccan Chronicle  

New Delhi: About 70-75 per cent of GST revenues collected in 2023-24 fiscal year came from the 18 per cent slab, while just 5-6 per cent came from the 12 per cent bracket, Parliament was informed on Monday. The average GST rate has fallen below the revenue neutral rate of 15.3 per cent, prompting the need to start discussions on …

Punjab registers 63% jump in net GST collection: Harpal Singh Cheema
Trending News
3 months, 4 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 …

GST mop-up fourth highest ever but red flags in laggard states
3 months, 4 weeks ago

GST mop-up fourth highest ever but red flags in laggard states

Hindustan Times  

The Goods and Services Tax revenue in November grossed over ₹1.82 lakh crore, the fourth highest monthly collection ever that also crossed the ₹1.80 lakh crore mark for the fifth time in 88 months since July 2017, despite major states such as Andhra Pradesh, Rajasthan and Chhattisgarh showing a dip in growth. The goods and services tax revenue in November …

Top News on Dec 1: GST collection rises, Andhra dissolves Waqf board, Kejriwal rules out alliance in Delhi polls, more
3 months, 4 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, 4 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 collection for November rises by 8.5% to ₹1.82 trillion
3 months, 4 weeks ago

GST collection for November rises by 8.5% to ₹1.82 trillion

Live Mint  

New Delhi: Driven by festive demand, the Goods and Services Tax collections for the Union and state governments climbed to ₹1.82 trillion in November, marking an 8.5% year-on-year growth, according to official data released on Sunday. The import GST revenue growth of 6% also backs foreign trade data which indicates slower growth of non-petroleum imports," said MS Mani, partner at …

GST collection reports 8.5 per cent growth to Rs 1.82 lakh cr in November
Trending News
3 months, 4 weeks ago

GST collection reports 8.5 per cent growth to Rs 1.82 lakh cr in November

India TV News  

The gross Goods and Services Tax collections rose 8.5 per cent to over Rs 1.82 lakh crore in November on higher revenues from domestic transactions. The statement released by the government said the total gross Goods and Services Tax revenue grew 8.5 per cent to over Rs 1.82 lakh crore in November as compared to Rs 1.68 lakh crore in …

GST Council To Meet In Jaisalmer On Dec 21; Key Decisions On Insurance And Rate Cuts Likely
4 months, 1 week 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, 1 week 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 …

GST Revenue Trends: A Rollercoaster Ride of Ups and Downs
4 months, 3 weeks ago

GST Revenue Trends: A Rollercoaster Ride of Ups and Downs

The Hindu  

GST revenue trends have been volatile this year, with growth in gross and net receipts exceeding that of the previous year's highest points, but falling short of the previous year's overall growth. While the year started with a strong surge in April, subsequent months have shown a decline in growth. The latest GST receipts indicate a positive trend, but it …

GST collections hit a 40-month low in September 2024
5 months, 4 weeks ago

GST collections hit a 40-month low in September 2024

The Hindu  

Growth in India’s Gross Goods and Services Tax collections slumped to a 40-month low of 6.5% in September, with revenues at ₹1,73,240 crore, about 1% lower than the tally in August. Gross domestic revenues were up 5.9% in September, with the uptick moderating 4.5% higher after adjusting for refunds, provisional numbers from the Central Board of Indirect Taxes and Customs …

GST Proposal For Online Transactions Under Rs 2,000 Sent To Fitment Committee: Uttarakhand FM
6 months, 3 weeks ago

GST Proposal For Online Transactions Under Rs 2,000 Sent To Fitment Committee: Uttarakhand FM

ABP News  

GST Council Meeting: Uttarakhand Finance Minister Premchand Aggarwal clarified that no decision has been made regarding the imposition of GST on small digital transactions at the 54th GST Council Meeting, as per news sources. Addressing media queries, Aggarwal said, "No decision has been taken on the recommendation to levy 18 per cent GST on payment aggregators for transactions under Rs …

GST Council to deliberate on taxation of insurance premium, report on online gaming
6 months, 3 weeks ago

GST Council to deliberate on taxation of insurance premium, report on online gaming

New Indian Express  

NEW DELHI: 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, sources said. Sources said the fitment committee, comprising Centre and state tax officials, will present a report on GST levied on life, health and reinsurance premiums and …

GST council must mind government, taxpayer needs
6 months, 3 weeks ago

GST council must mind government, taxpayer needs

New Indian Express  

The 54th Goods and Services Tax Council meeting scheduled for Monday is expected to take on the much-awaited rationalisation of tax rates. The council is also expected to consider the contentious issue of 18 per cent GST on life and health insurance premiums, which has drawn the ire of a wide section of Indians. Last month, the Group of Ministers …

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