GST Council Accepts Recommendations Of These GoMs; Several Items To Come Out Of Exemption List
2 years, 9 months ago

GST Council Accepts Recommendations Of These GoMs; Several Items To Come Out Of Exemption List

News 18  

The GST Council during its two-day meeting, which has started on Tuesday, has so far decided to accept the recommendations of three groups of ministers constituted on rate rationalisation, GST system reforms, and the movement of gold and precious stones, sources told CNBC-TV18. The Council has accepted GoM’s recommendations on revising GST exemptions and re-fitting the commodities based on suitable rates, such as unroasted coffee beans, unprocessed green leaves of tea, wheat bran, de-oiled rice bran at 5 per cent. The report also included withdrawing exemption of reduced rate of 5 per cent to goods related to petroleum/ coal bed methane. They also include hotel accommodation below Rs 1,000 per unit per day to be taxed at par with others at 12 per cent, hospital rooms, except ICU with daily rent of Rs 5,000 to be taxed at 5 per cent without ITC, exemption to cord blood banks to be withdrawn, renting of religious place meant for general public if the per day rent is above Rs 5,000 per day and shops with rent of more than Rs 2,500 per month. GoM On The Movement Of Gold and Precious Stones The GST Council has also accepted the recommendations of the GoM constituted on the e-way bill generation for gold/ gold jewellery and precious stones, the sources said.

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History of this topic

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 …

GST Council rejigs rates, defers call on insurance
3 months, 1 week ago

GST Council rejigs rates, defers call on insurance

Hindustan Times  

The Goods and Services Tax Council in its 55th meeting on Saturday took a slew of decisions to protect the poor, including slashing the tax rate on fortified rice kernels, exempting GST on gene therapy, providing relief to farmers selling black pepper and resins. It, however, deferred several contentious issues such as tax rate rationalisation, GST on insurance premia and …

GST Council postpones decision to cut tax on insurance, rate panel defers report submission
Top News
3 months, 1 week ago

GST Council postpones decision to cut tax on insurance, rate panel defers report submission

The Hindu  

A GST Council meeting on Saturday postponed a decision on reducing taxes on health and life insurance, while the much talked-about GoM recommendation of rate rejig in 148 items was not tabled before the Council. “We will submit the GoM report on rate rationalisation in next meeting of Council,” said Mr. Chaudhary who is the convenor of the panel. The …

GST council defers decision on lowering insurance premium rates
3 months, 1 week ago

GST council defers decision on lowering insurance premium rates

New Indian Express  

JAISALMAR: The 55th GST Council meeting held on Saturday concluded without any major decisions being taken. The much-anticipated decision on reducing GST rates for health and life insurance premiums has been deferred, as the Council believes further discussions are required before moving forward. The Group of Ministers on insurance has recommended a complete waiver of GST on premiums paid towards …

55th GST Council Meeting: Raises tax on used car sales; postpones debates on insurance, 'sin' products
3 months, 1 week 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 to decide on cutting taxes on insurance premium, rate rejig on host of items
3 months, 1 week ago

GST Council to decide on cutting taxes on insurance premium, rate rejig on host of items

The Hindu  

The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, while hiking it on high-end wrist watches, shoes and apparels, besides considering a separate 35% tax slab for sin goods. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising State counterparts, …

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, …

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 …

GoM proposes GST hike: Cigarettes, tobacco, aerated beverages may be hiked to 35%; GST Council decision on Dec 21
3 months, 3 weeks ago

GoM proposes GST hike: Cigarettes, tobacco, aerated beverages may be hiked to 35%; GST Council decision on Dec 21

The Hindu  

The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35% from the present 28%, an official said. In total, the GoM on rate rationalisation will propose tax rate tweaks on 148 items to the GST Council. The four-tier tax slab of 5, 12, 18, and …

GST Council Considers Steep 35% Hike On Cigarettes, Tobacco Products
Trending News
3 months, 3 weeks ago

GST Council Considers Steep 35% Hike On Cigarettes, Tobacco Products

ABP News  

The Group of Ministers on Goods and Services Tax rate rationalisation has proposed significant changes to tax rates, including a hike on sin goods like aerated beverages, cigarettes, and tobacco products, increasing the tax to 35 per cent from the current 28 per cent. Under the proposed structure: Readymade garments costing up to Rs 1,500 will attract 5 per cent …

GST on cigarettes, tobacco, aerated drinks may rise to 35%: Report
3 months, 3 weeks ago

GST on cigarettes, tobacco, aerated drinks may rise to 35%: Report

India Today  

The Group of Ministers on GST rate rationalisation has proposed increasing the tax on products such as aerated beverages, cigarettes, and other tobacco-related items to 35%, up from the current rate of 28%, reported news agency PTI. GST RATE CHANGES DISCUSSED The GoM, led by Bihar Deputy Chief Minister Samrat Choudhary, met on Monday to finalise the proposed rate adjustments. …

GST on cigarettes, tobacco, aerated beverages may rise to 35 per cent, GST Council to take final call
Trending News
3 months, 3 weeks ago

GST on cigarettes, tobacco, aerated beverages may rise to 35 per cent, GST Council to take final call

India TV News  

The Group of Ministers on GST rate rationalisation, led by Bihar's Deputy Chief Minister Samrat Chaudhary, has decided to increase the tax on "sin goods" such as aerated beverages, cigarettes, tobacco, and related products to 35% from the current 28%. The four-tier tax slab of 5, 12, 18, and 28 per cent will continue and a new rate of 35 …

GST Council to Review GoM’s Insurance Tax Suggestions Soon
4 months 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, 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 …

Sitharaman to meet state FMs for pre-Budget, GST Council meet on Dec 21-22
4 months, 2 weeks ago

Sitharaman to meet state FMs for pre-Budget, GST Council meet on Dec 21-22

Deccan Chronicle  

New Delhi: Union Finance Minister Nirmala Sitharaman is likely to meet her state counterparts on December 21-22 for pre-budget consultations and meeting of the GST Council, an official said.The meeting assumes significance as states finance ministers would present their recommendations for 2025-26 Budget to be unveiled on February 1, 2025. However, 18 per cent GST will continue on premiums paid …

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 meets today to discuss rate rationalisation, tax on insurance
6 months, 2 weeks ago

GST Council meets today to discuss rate rationalisation, tax on insurance

New Indian Express  

MUMBAI: The GST Council will be meeting later on Monday to discuss an array of important issues, including the much-discussed GST rate on life and health insurance policies. The meeting may also discuss rationalisation of rate structure under the GST. As per sources, the Council may also announce extending the GST amnesty scheme for another year—FY21. In addition to these …

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 …

A fresh start: On the Goods and Services Tax Council meet
9 months 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 Meet Tomorrow: What's The Key Expectations?
9 months, 1 week 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, 2 weeks 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 …

GST Council to meet on June 22, likely to review online gaming taxation
9 months, 2 weeks ago

GST Council to meet on June 22, likely to review online gaming taxation

India TV News  

New Delhi: The GST Council, chaired by Finance Minister Nirmala Sitharaman, is scheduled to meet on June 22 in the national capital after a gap of eight months. The council is expected to review the implementation of the 28 per cent GST on the online gaming sector. Council to review GST on online gaming The GST Council is expected to …

52nd GST Council Meeting: What Lies Ahead For Online Gaming, SGST & Beyond?
1 year, 5 months ago

52nd GST Council Meeting: What Lies Ahead For Online Gaming, SGST & Beyond?

News 18  

52nd GST Council Meeting October 7, 2023: The upcoming 52nd GST Council Meeting, scheduled for October 7, 2023, in New Delhi, holds profound significance as it is anticipated to be a pivotal meeting in addressing various critical agenda items such as taxation of crypto and NFT tokens, clarifications on ESOP, rate rationalisation and evaluation of the progress made by individual …

Rationalisation in GST rates should be implemented gradually: Vivek Johri
1 year, 8 months ago

Rationalisation in GST rates should be implemented gradually: Vivek Johri

Live Mint  

Vivek Johri has indicated that any potential changes to Goods and Services Tax rates will require careful consideration and may need to be implemented gradually. The chairman of the Central Board of Indirect Taxes and Customs, in an interview with Moneycontrol, emphasised the importance of revenue efficiency and suggested that rate rationalisation should be approached cautiously to ensure the stability …

GST Council aims to close gold loophole
1 year, 8 months ago

GST Council aims to close gold loophole

Live Mint  

The GST Council is likely to finalize rules next week for transporting gold and precious stones worth ₹2 lakh or more by merchants so that states can monitor their movement and prevent leakages in tax collection, a person familiar with the development said. According to the proposed rules, states will be at liberty to mandate GST-registered entities to report the …

49th GST Council Meet: Approves Report Of GoM On Capacity Based Taxation & Special Composition Scheme In Certain Sectors
2 years, 1 month ago

49th GST Council Meet: Approves Report Of GoM On Capacity Based Taxation & Special Composition Scheme In Certain Sectors

Live Law  

The 49th meeting of the GST Council under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman approved the report of GoM on capacity-based taxation and special composition scheme in certain sectors on GST.The Council accepted the GoM's recommendations to stop the leaks and increase revenue collection from goods like pan masala, gutkha, and. Nirmala Sitharaman …

GST Council Agrees To Cut Tax on Liquid Jaggery, Pencil Sharpeners; Tribunal GoM Report Needs Modification
2 years, 1 month ago

GST Council Agrees To Cut Tax on Liquid Jaggery, Pencil Sharpeners; Tribunal GoM Report Needs Modification

News 18  

The GST Council, which is headed by the Union Finance Minister Nirmala Sitharaman and comprises representatives of all states and UTs, took several decisions in its 49th meeting on Saturday. It has also decided to reduce GST rate on liquid jaggery from 18 per cent to nil or 5 per cent, and also cut tax rate on certain tracking devices. …

GST Council Meeting Starts; Key Matters on Agenda
2 years, 1 month ago

GST Council Meeting Starts; Key Matters on Agenda

News 18  

The GST Council meeting started here on Saturday and is likely to discuss setting up of appellate tribunals, and mechanism to curb tax evasion in pan masala and gutkha business, among other matters. Union Finance Minister Nirmala Sitharaman is chairing the 49th meeting of the GST Council. “Along with the Union Finance Minister, Union Minister of State for Finance Shri …

GST Council's 49th Meet Today: Here is What Is Expected
2 years, 1 month ago

GST Council's 49th Meet Today: Here is What Is Expected

News 18  

The GST Council’s 49th meeting is going to take place today, February 18, in New Delhi. The 49th meeting of the GST Council, which is chaired by the Union finance minister and comprises representatives of all states and UTs, is scheduled to be held at New Delhi on February 18, 2023. During the 48th GST Council meeting, the threshold tax …

Myths being spread on GST: FM in Parliament
2 years, 7 months ago

Myths being spread on GST: FM in Parliament

Hindustan Times  

In an attempt to “bust the myths” around the Goods and Services Tax raised by the Opposition in the Rajya Sabha, finance minister Nirmala Sitharaman on Tuesday listed out some of the essential items on which the government levies no GST and also those whose prices decreased under the unified tax regime. The minister, during the price rise debate that …

GST Council Recommendations On Rates Binding On Centre & States, Supreme Court Judgment Doesn't Alter This Position : Centre To Rajya Sabha
2 years, 8 months ago

GST Council Recommendations On Rates Binding On Centre & States, Supreme Court Judgment Doesn't Alter This Position : Centre To Rajya Sabha

Live Law  

The Minister of State for Finance Pankaj Chaudhary has informed Rajya Sabha that the recommendations of the GST council regarding the rates of Goods and Services Tax are binding on the Centre and the States and that the Supreme Court' judgment in Union of India & Anr. In Mohit Minerals case, the Supreme Court held that the GST council recommendations …

Decision on GST hike taken after all States’ consent: Nirmala Sitharaman
2 years, 8 months ago

Decision on GST hike taken after all States’ consent: Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on July 19 clarified the GST Council has exempted from Goods and Service Tax, all food items including wheat, pulses, rice, maize, when sold loose, and not pre-packed or pre-labelled. pic.twitter.com/U21L0dW8oG — Nirmala Sitharaman July 19, 2022 The Finance Minister explained the process of decision making on the GST rate changes for pre-packed and pre-labelled, unbranded …

Govt. Constitutes GoM On GST Appellate Tribunal
2 years, 8 months ago

Govt. Constitutes GoM On GST Appellate Tribunal

Live Law  

The government notified the constitution of the Group of Ministers on the Goods and Services Tax Appellate Tribunal. At its 47th meeting, held on June 28 and 29, 2022 in Chandigarh, the GST Council discussed the changes required in provisions pertaining to the GST Appellate Tribunal in the GST laws. The Finance Ministry has constituted a Group of Ministers on …

Key Highlights Of The Recommendations Made By The GST Council In Its 47th Meeting
2 years, 8 months ago

Key Highlights Of The Recommendations Made By The GST Council In Its 47th Meeting

Live Law  

The GST Council, in its 47th Meeting held on the 28th and 29th of June, 2022, has made certain recommendations relating to changes in the GST rate. The GST Council has also recommended non-allowance of refund of accumulated Input Tax Credit on Edible Oils and Coal. The GST Council also made certain clarifications on the GST rates. Also, sale of …

GST Meet Highlights: GoM Suggestions on GST Exemptions, Correction of Inverted Duty Accepted, Says FM
2 years, 8 months ago

GST Meet Highlights: GoM Suggestions on GST Exemptions, Correction of Inverted Duty Accepted, Says FM

News 18  

Finance minister Nirmala Sitharaman announced the outcome of the 47th Goods and Service Tax Council meeting on Wednesday. “Highlight of this meeting was that we could consider, discuss and decide on four Group of Ministers reports on exemptions, correction of inverted duty structure, finance minister,” said while announcing the outcome of the 47th GST meeting. The GST Council also decided …

GST Council bites the bullet
2 years, 8 months ago

GST Council bites the bullet

Hindustan Times  

Decisions taken in the 47th Goods and Services Tax Council meeting are on expected lines. The five-year window for guaranteed revenue compensation to states, which was a part of the original federal agreement on GST, has not been extended. While the argument might not be palatable to state governments, especially those ruled by the Opposition, phasing out the guaranteed compensation …

GST Council Meet: Pre-Packed Items Under GST; 28% Tax On Casino Deferred; Key Decisions
2 years, 8 months ago

GST Council Meet: Pre-Packed Items Under GST; 28% Tax On Casino Deferred; Key Decisions

News 18  

The GST Council on Wednesday decided to accept the group of ministers’ interim reports on the correction of duty inversion and exemption. The Council has also decided to impose a GST of 18 per cent on the fees charged by banks for the issue of cheques ; bring hotel rooms under Rs 1,000 per day under the 12 per cent …

GST Rates Revised: What Gets Cheaper, What Gets Costlier? Full List Here
2 years, 8 months ago

GST Rates Revised: What Gets Cheaper, What Gets Costlier? Full List Here

News 18  

The GST Council in its 47th meet in Chandigarh has decided to bring more items under its ambit that may affect the pocket of the common man. Bank Cheque Book Issuance: An 18 per cent GST will be levied on fee charged by banks for the issue of cheques, GST council has decided. Hotel Rooms: The GST Council also decided …

GST Council Defers 28% Tax On Casinos, Online Gaming; GoM To Submit Fresh Report Till July 15
2 years, 8 months ago

GST Council Defers 28% Tax On Casinos, Online Gaming; GoM To Submit Fresh Report Till July 15

News 18  

The GST Council on Wednesday deferred the proposal to levy 28 per cent tax on casinos, online gaming, casinos and lottery, as the GST Council has given time till July 15 to the group of ministers to re-examine the issues and submit its fresh report. The finance minister added that the GoM has been given time till July 15 to …

GST Council Amends GSTR-3B, Extends GSTR-4 Deadline, Eases Compliance for Taxpayers
2 years, 9 months ago

GST Council Amends GSTR-3B, Extends GSTR-4 Deadline, Eases Compliance for Taxpayers

News 18  

To ease the burden on the taxpayers, the Goods and Service Tax Council has decided a host of changes in its two-day meeting, starting on Tuesday. In the wake of Covid-19 outbreak, the GST Council has waived requirement for filing refund claims by condoning the two-year period between March 1 2020 and February 28 2022, sources told CNBC-TV18. The GST …

GST council likely to consider e-way bill mandatory for gold, precious stones
2 years, 9 months ago

GST council likely to consider e-way bill mandatory for gold, precious stones

Live Mint  

The GST Council is likely to consider making an e-way bill mandatory for intra-state movement of gold or precious stones worth ₹2 lakh and above and also e-invoicing mandatory for certain B2B transactions, news agency PTI reported. GST council in its 2-day meeting, starting today, is likely to consider the report of the panel of state finance ministers on the …

GST Council meet today: From tax on online casinos to decision on taxing crypto
2 years, 9 months ago

GST Council meet today: From tax on online casinos to decision on taxing crypto

Live Mint  

The 47th Goods and Services Tax council meeting 2022 is scheduled for today, 28 June and 29 June in Chandigarh. 47th GST Council meeting: What to expect GST rate rationalisation GST-council nominated Fitment Comittee has recommended to rationalise GST rates of a few items. An interim report of a group of ministers on rate rationalisation is likely to suggest correcting …

GST Council meet: States' compensation, easier e-comm suppliers' registration, tax tweaks on cards
2 years, 9 months ago

GST Council meet: States' compensation, easier e-comm suppliers' registration, tax tweaks on cards

India TV News  

GST Council meet: The 47th GST Council meeting that is currently underway is slated to discuss a host of issues, including a mechanism for compensating states for revenue loss, tax rate tweaks in some items and relaxed registration norms for small online suppliers. Further, the meeting of the Council, chaired by the Union Finance Minister Nirmala Sitharaman and comprising state …

GST Council may approve 28% rate on online games, casinos, race courses
2 years, 9 months ago

GST Council may approve 28% rate on online games, casinos, race courses

Live Mint  

New Delhi: The GST Council, in its two-day meeting beginning Tuesday, is likely to clarify that 28% rate could apply to casinos, online games, and race courses, and specify the transaction value on which a proposed 28% tax would apply, bringing much-needed clarity on the taxation in these sectors. The panel has recommended that a 28% GST should be levied …

GST Council May Discuss Changes In Law To Set Up Tribunals; GoM Report On Online Gaming, Casinos
2 years, 9 months ago

GST Council May Discuss Changes In Law To Set Up Tribunals; GoM Report On Online Gaming, Casinos

News 18  

The GST Council, which is scheduled to meet next week in Chandigarh, is likely to discuss changes in law to facilitate provision for setting up GST Tribunals. The Council will also discuss the group of ministers’ report on online gaming, casinos and race courses, sources told CNBC-TV18. The GoM, which was appointed by the GST Council last year to suggest …

GST Council Likely To Discuss Changes In Tax Rates On 14 Items, Ease Compliance
2 years, 9 months ago

GST Council Likely To Discuss Changes In Tax Rates On 14 Items, Ease Compliance

News 18  

The GST Council, which is scheduled to meet next week in Chandigarh, is likely to discuss changes in tax rates on 14 items recommended by the Fitment Committee, according to a CNBC-TV18 report. The fitment panel, which comprises officers from the Centre and states, has recommended a hike in GST rate on cut and polished diamonds to 1.5 per cent …

GST Council Likely To Discuss 28% GST on Crypto Transactions Next Week: Report
2 years, 9 months ago

GST Council Likely To Discuss 28% GST on Crypto Transactions Next Week: Report

News 18  

The GST Council, which is scheduled to meet next week, is likely to discuss goods and services tax on cryptocurrency transactions in the meeting. The panel may not finalise a rate in the upcoming meeting but discussions may be held on placing it in the highest tax slab of 28 per cent, according to a media report. Finance Minister Nirmala …

GST Council-Appointed GoM to Meet on June 17; Likely To Discuss GST Rate Rationalisation
2 years, 9 months ago

GST Council-Appointed GoM to Meet on June 17; Likely To Discuss GST Rate Rationalisation

News 18  

Karnataka Chief Minister Basavaraj Bommai-led group of ministers, which was set up last year by the GST Council to suggest ways for augmenting revenue by rationalising tax rates and correcting anomalies in the tax structure, is likely to meet on June 17. The 18 per cent slab has 480 items, from which about 70 per cent of the GST collections …

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