GST Council meeting: 18% tax on caramelised popcorn, netizens share memes saying, went to Jaisalmer to discuss popcorns
3 days, 16 hours ago

GST Council meeting: 18% tax on caramelised popcorn, netizens share memes saying, went to Jaisalmer to discuss popcorns

Live Mint  

The GST Council meeting conducted in Jaisalmer on Saturday discussed the taxation of popcorn. The pre-packed and labelled ready-to-eat snacks will attract a 12 per cent tax, whereas caramelised popcorn will attract an 18 per cent GST. The tax rate on popcorn has not changed, and the GST Council has only agreed that the Central Board of Indirect Taxes and Customs will issue a circular clarifying the current taxation on popcorn. However, caramelised popcorn is mixed with sugar, categorising it as sugar confectionery, and would therefore be classifiable under HS 1704 90 90 and attract an 18 per cent GST, according to GST Council clarification. One of the users to a funny jibe at the GST Council and said, “The great great #GSTCouncil went all the way to Jaisalmer just to discuss & finalize the GST rate on popcorns!

Tax Council Cent Gst Gst Council Jaisalmer Gstc Caramelised Popcorn Popcorn Netizens  cent  went  meeting  attract  user  memes  rate  council  taxpayer  jaisalmer  taxes  gst  saying  popcorns  tax  share  popcorn  netizens

History of this topic

How to tax popcorn? GST council’s formula sparks outrage
Top News
1 day, 14 hours ago

How to tax popcorn? GST council’s formula sparks outrage

The Hindu  

The GST Council’s move to tax popcorn differently based on its sugar or spice content has drawn criticism from the opposition and sparked social media outrage, with two former government economic advisers questioning the tax system introduced in 2017. The Goods and Services Tax Council, chaired by the Finance Minister and including State representatives, announced on Saturday that non-branded popcorn …

How to tax popcorn? India’s formula sparks outrage against GST system
Top News
1 day, 17 hours ago

How to tax popcorn? India’s formula sparks outrage against GST system

Live Mint  

By Nikunj Ohri NEW DELHI -India's move to tax popcorn differently based on its sugar or spice content has drawn criticism from the opposition and sparked social media outrage, with two former government economic advisers questioning the tax system introduced in 2017. Explaining the rationale behind the decision to tax caramel popcorn at 18%, Finance Minister Nirmala Sitharaman said that …

Netizens troll Centre over 'absurd' popcorn tax slabs; say ‘Do we have to pay tax for sugarcoating our words too?’
1 day, 21 hours ago

Netizens troll Centre over 'absurd' popcorn tax slabs; say ‘Do we have to pay tax for sugarcoating our words too?’

Hindustan Times  

What if popcorn ends up costing more than your movie ticket? Sitharaman said, “We had a wide-ranging discussion on caramelised popcorn, all states agreed that all items with added sugar are treated under a separate tax bracket.” Netizens troll Centre over popcorn tax slabs But the internet remains unconvinced, sparking a series of memes relating to the subject matter. Comedian …

Caramel Popcorn Contains Added Sugar, Tax Rate Will Be Higher Than Namkeen, Clarifies GST Council
1 day, 23 hours ago

Caramel Popcorn Contains Added Sugar, Tax Rate Will Be Higher Than Namkeen, Clarifies GST Council

Live Law  

The GST Council in its 55th Meeting chaired by Finance Minister Nirmala Sitharaman announced significant changes to the GST regime. Caramelised popcorn comes with added sugar therefore the tax rate for such a popcorn will be different from the Namkeen. It was further clarified that whether it is carbonated drink or juice with added sugar attracts a different tax rate. …

‘India will always be third-world country if...’: Sushant Sareen slams 18% tax on caramel popcorn
2 days, 4 hours ago

‘India will always be third-world country if...’: Sushant Sareen slams 18% tax on caramel popcorn

Live Mint  

The government’s decision to clarify the Goods and Services Tax rates on caramel popcorn has sparked widespread criticism, with security analyst Sushant Sareen and others accusing policymakers of imposing unnecessary complexities. Finance Minister Nirmala Sitharaman explained that products with added sugar are categorized differently for taxation, saying, "When you talk outside, it looks silly.but states say that we treat products …

Mint Quick Edit | Don’t over-roast popcorn with GST
2 days, 5 hours ago

Mint Quick Edit | Don’t over-roast popcorn with GST

Live Mint  

The Goods and Services Tax Council over the weekend approved tax changes for some items while deferring a few decisions. The rate for fortified rice kernels used in public distribution was slashed to 5% from 18%. Nothing was done to relieve people of the impression that GST, while “good" for India, is far from “simple" as a taxation system. Sold …

Congress slams govt over ‘caramel popcorn GST’ social media debate: ‘Absurdity…’
2 days, 5 hours ago

Congress slams govt over ‘caramel popcorn GST’ social media debate: ‘Absurdity…’

Hindustan Times  

Amid social media debate over Finance Minister Nirmala Sitharaman's take on three different tax slabs for popcorn under Goods and Services Tax, Congress on Sunday said the "absurdity" of it only brings to light the growing complexity of the system and asked whether the Modi government will show the courage to launch a complete revamp for instituting a GST 2.0. …

DC Edit | Rationalise GST in two slabs
Trending News
2 days, 11 hours ago

DC Edit | Rationalise GST in two slabs

Deccan Chronicle  

The Goods and Services Tax Council meeting appears to have ended up as a no-event without taking any major decision. While on one hand the government advocates rationalisation of tax slabs, on the other, it proposed three different rates for popcorn based on its taste and packaging. Pre-packed and labelled salted and spicy, ready-to-eat popcorn will attract 12 per cent …

Congress slams govt over different tax slabs for popcorn, asks if PM will show courage for GST overhaul
Trending News
2 days, 18 hours ago

Congress slams govt over different tax slabs for popcorn, asks if PM will show courage for GST overhaul

The Hindu  

Exhorting the Narendra Modi government to show the courage to overhaul the Goods and Services Tax regime citing the “absurdity” of three different tax slabs for popcorn under the present system, the Congress on Sunday said the current complexities in the system had thrown open several loopholes leading to tax evasion. In a long post on X, Congress General Secretary …

Memes flood the internet as GST Council confirms 18% tax on caramelised popcorn
3 days, 1 hour ago

Memes flood the internet as GST Council confirms 18% tax on caramelised popcorn

Hindustan Times  

The GST Council, in its 55th meeting on Saturday, clarified the tax structure on popcorn, stating there would be no changes to the existing rates. The GST Council clarified popcorn tax rates, sparking memes on social media. Caramelised popcorn comes with added sugar, so the treatment rate is different from namkeen.” Under the current structure, pre-packed and labelled ready-to-eat snacks, …

GST’s popcorn moment leaves everyone with bitter aftertaste
Top News
3 days, 6 hours ago

GST’s popcorn moment leaves everyone with bitter aftertaste

New Indian Express  

The 55th GST Council meeting ended without any significant announcements. While it is true that with every passing year, the GST—once hailed as a good and simple tax—is becoming more complex, one cannot deny that tax rules, beyond a point, cannot be simple, howsoever hard one may try. The issue of the tax rate of Malabar parotta is yet to …

GST council explains difference in tax rates between salted and caramel popcorn
3 days, 14 hours ago

GST council explains difference in tax rates between salted and caramel popcorn

Hindustan Times  

The GST Council on Saturday decided to issue a clarification regarding the taxation levied on popcorn, stating that there would be no change in the existing rate, reported news agency PTI. Union finance minister Nirmala Sitharaman speaks at the 55th meeting of the GST Council The council stated that pre-packed and labelled ready-to-eat snacks would be subject to a 12 …

55th GST council meeting in Jaisalmer on December 21, 2024: Finance Minister Nirmala Sitharaman media briefing
3 days, 15 hours 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 …

Butter chicken at 28% GST? Ingredient-based popcorn tax sparks ire, analyst says ‘next will be restaurant food menu’
3 days, 16 hours ago

Butter chicken at 28% GST? Ingredient-based popcorn tax sparks ire, analyst says ‘next will be restaurant food menu’

Live Mint  

The GST Council outlined a detailed taxation plan for popcorn and other snacks on Saturday — drawing criticism from several quarters. Many including well known analyst Gurmeet Chadha have since taken to social media lambasting Indian politicians for making a “mockery of GST”. According to the detailed clarification released by the GST Council on Saturday, the ingredients will determine the …

GST council meeting: What gets cheaper & dearer - from popcorn to EV sale
3 days, 16 hours ago

GST council meeting: What gets cheaper & dearer - from popcorn to EV sale

Live Mint  

GST Council Meeting: Finance Minister Nirmala Sitharaman-led goods and services tax Council Meeting on Saturday, December 21, decided to levy an 18 per cent GST on margin value on sale of used electric vehicles by businesses and clarified on the taxability of popcorn, saying caramel popcorn will continue to attract tax at the rate of 18 per cent. The GST …

GST Council meets to decide on lower taxes on insurance policies, ATF inclusion
Trending News
3 days, 22 hours ago

GST Council meets to decide on lower taxes on insurance policies, ATF inclusion

Deccan Chronicle  

Jaisalmer: The 55th GST Council meeting which is expected to decide on reducing the tax rate on health and life insurance, besides considering rate rejigs on 148 items began here on Saturday. However, 18 per cent GST will continue on premiums paid for policies with health insurance cover of over Rs 5 lakh. The four-tier tax slab of 5, 12, …

Council may increase GST rate on all kinds of used cars to 18 per cent
4 days, 6 hours ago

Council may increase GST rate on all kinds of used cars to 18 per cent

New Indian Express  

JAISALMER: The GST Council in its 55th meeting on Saturday is likely to announce changes in tax rates on several goods and services. As per sources, the fitment panel of the Council has decided to levy 18% GST on all kinds of used cars. The Council is likely to agree with the fitment panel’s recommendation and raise GST rate to …

Retailers urge FM and GST Council not to go for higher 35 pc tax rate
1 week, 5 days ago

Retailers urge FM and GST Council not to go for higher 35 pc tax rate

Live Mint  

New Delhi, Dec 12 Indian Sellers Collective, an umbrella body of trade associations and sellers across the country, has urged the finance minister and the GST Council not to accept some of GST rate rationalisation suggestions, including the proposal for inclusion of a special rate of 35 per cent on some products. The sellers body is of the view that …

GST Revenue Trends: A Rollercoaster Ride of Ups and Downs
1 month, 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 Council Meeting: what is cheaper and costlier
3 months, 2 weeks ago

GST Council Meeting: what is cheaper and costlier

The Hindu  

The 54th GST Council meeting, held in New Delhi on Monday announced several changes to the existing Goods and Services Tax slabs. The Council decided to reduce the GST rate on cancer drugs Trastuzumab Deruxtecan, Osimertinib and Durvalumab from 12% to 5%. Namkeens, or savoury snacks, will also become cheaper after the GST on extruded/expanded savoury food products is reduced …

A fresh start: On the Goods and Services Tax Council meet
5 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 …

GST on milk cans reduced from 18 percent to 12 percent, propagandists try to imply that a new tax has been introduced
6 months ago

GST on milk cans reduced from 18 percent to 12 percent, propagandists try to imply that a new tax has been introduced

Op India  

On Saturday, June 22, Goods and Services Tax Council meeting took place where several key decisions were taken by the council. The Council… pic.twitter.com/FfUvl1Gi3d — Nirmala Sitharaman Office June 22, 2024 Shortly after the decision was announced, a social media narrative started to subtly push the agenda that a new 12% tax has been introduced on milk cans by Modi …

Flour mixes with additives attract 18% GST, clarifies Gujarat appellate authority
6 months, 2 weeks ago

Flour mixes with additives attract 18% GST, clarifies Gujarat appellate authority

Live Mint  

New Delhi: The Gujarat Appellate Authority for Advance Ruling has clarified that flour mixes containing additives attract an 18% Goods and Services Tax as they fall under a class of food preparations for which a lower tax rate is not specified in the law. The ruling came in response to an application filed by a Gandhinagar-based company selling flour mixes …

52nd GST Council Meeting: No GST On Flour With 70% Millet; 5% Tax On Molasses
1 year, 2 months ago

52nd GST Council Meeting: No GST On Flour With 70% Millet; 5% Tax On Molasses

News 18  

The 52nd GST Council meeting took place today on Saturday at Sushma Swaraj Bhawan in New Delhi under the chairmanship of finance minister Nirmala Sitharaman. – Smt @nsitharaman post 52nd GST Council Meeting in New Delhi. pic.twitter.com/KGMlHFAn2X — Nirmala Sitharaman Office October 7, 2023 According to media reports, the GST Council discussed the progress around 28 per cent taxation on …

GST Council Meet: Tax-levying power on ENA ceded to states; other key decisions
1 year, 2 months ago

GST Council Meet: Tax-levying power on ENA ceded to states; other key decisions

Live Mint  

The 52nd Goods and Services Tax Council meeting on Saturday, October 7, ceded the right to levy tax on extra neutral alcohol -supplied for the manufacture of alcoholic liquors - to the states. “ENA for human consumption will be exempt from GST and the same will be communicated to the Supreme Court,” Chhattisgarh Deputy Chief Minister T S Singh Deo …

GST Council Meet: Tax on millet flour preparation slashed to 5% from 28%
1 year, 2 months ago

GST Council Meet: Tax on millet flour preparation slashed to 5% from 28%

Live Mint  

The Goods and Services Tax Council on Saturday, October 7, decided to slash tax on millet flour food preparations from the current 18 per cent GST to 5 per cent, in an aim to make nutritious food items more accessible to the public. Addressing a post-meeting press conference, Finance Minister Nirmala Sitharaman said that the food preparation of millet flour …

Maharashtra to raise traders' concern after Centre brings changes in GST rules
1 year, 5 months ago

Maharashtra to raise traders' concern after Centre brings changes in GST rules

India Today  

Senior Congress leader and MLA Prithviraj Chavan objected to the Centre’s decision to bring the Goods and Service Tax Network under the purview of the Prevention of Money Laundering Act, which would permit the Enforcement Directorate to probe the matters linked to the GST. Replying to Chavan’s question, Maharashtra Finance Minister Ajit Pawar said he would raise the issue in …

DC Edit | Lower GST, higher compliance
1 year, 5 months ago

DC Edit | Lower GST, higher compliance

Deccan Chronicle  

The 50th meeting of the Goods and Services Tax Council, chaired by Union finance minister Nirmala Sitharaman, was a milestone event in a myriad of ways. Besides changes in tax rates across certain segments, the meeting also took important decisions to facilitate trade and streamline compliances. A feather in the cap was the GST Council offering startups and private players …

Cheap popcorn, cola at cinema halls after GST Council slashes tax rates by 13%
1 year, 5 months ago

Cheap popcorn, cola at cinema halls after GST Council slashes tax rates by 13%

India Today  

In a delight for moviegoers, the Goods and Services Tax Council, headed by the Union finance minister and comprising representatives of all states and UTs, on Tuesday made munching at cinema halls easier on pockets by deciding to lower the service tax levied on food and beverages to 5% from 18%. Food and beverages are an important source of earnings …

From 5% to 28% GST rates, here are key highlights of 50th GST council meeting
1 year, 5 months ago

From 5% to 28% GST rates, here are key highlights of 50th GST council meeting

Live Mint  

The 50th meeting of the GST Council concluded on Tuesday with the goods and services tax rate trimmed down to 5% in four items. Finance Minister Nirmala Sitharaman chaired the GST council meeting in New Delhi in the presence of MoS Pankaj Chaudhary, Revenue Secretary Sanjay Malhotra, Chairman CBIC Vivek Johri, Member GST and Member Tax Policy, CBIC among others. …

GST Council to impose 28% tax on online gaming firms
1 year, 5 months ago

GST Council to impose 28% tax on online gaming firms

The Hindu  

The Goods and Services Tax Council, at its 50th meeting on July 11, reduced or clarified the tax rate on some items ranging from uncooked or unfried snack pellets to special utility vehicles, exempted imported drugs to treat cancer and rare diseases, and brought an end to a years-long debate on tax treatment of online gaming, casinos and horse racing. …

On 18% GST on packaged paratha, Kejriwal says: ‘Even British did not tax food’
2 years, 2 months ago

On 18% GST on packaged paratha, Kejriwal says: ‘Even British did not tax food’

Hindustan Times  

In his latest dig at the BJP, Delhi chief minister Arvind Kejriwal targetted the latest verdict of the Gujarat Appellate Authority of Advance Ruling that said that parathas are different from plain chapati or roti and said even the British did not impose taxes on food items. The fresh ruling came in September after a food company appealed against the …

Explained | What is the controversy over GST levies on food?
2 years, 5 months ago

Explained | What is the controversy over GST levies on food?

The Hindu  

The story so far: From July 18, a 5% Goods and Services Tax has been levied on several food items and grains that are sold in a pre-packed, labelled form even if they are not branded. The 5% tax on unbranded packed food items was approved by the GST Council in late June and was part of a broader set …

Shashi Tharoor has a new math question featuring paneer butter masala amid GST hike. Can you answer?
2 years, 5 months ago

Shashi Tharoor has a new math question featuring paneer butter masala amid GST hike. Can you answer?

India TV News  

Shashi Tharoor took a hilarious jibe against the government raising Goods and Services Tax on some of the essential items. Amid the row over 5 per cent GST on packaged daily use food items like curd, paneer and more, 'paneer butter masala' started trending as the tax hike has left dish lovers and Shashi Tharoor sulking. The 'WhatsApp forward' shared …

Decision on GST hike taken after all States’ consent: Nirmala Sitharaman
2 years, 5 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 …

Wholesale food grain trade exempted from GST levy
2 years, 5 months ago

Wholesale food grain trade exempted from GST levy

Deccan Chronicle  

Chennai: The transactions of unbranded food grains and other products dealt by wholesalers will be kept out of GST rates, the government told a traders body. The Cait, meanwhile, said it will launch a nationwide movement from July 26 to demand a new GST law and review of rules afresh for radical changes in the GST. It said both the …

Kerala opposes 5 per cent GST on pre-packed, labelled food items: Finance Minister
2 years, 5 months ago

Kerala opposes 5 per cent GST on pre-packed, labelled food items: Finance Minister

Deccan Chronicle  

Thiruvananthapuram: Kerala has conveyed its strong opposition to the 5 per cent GST on pre-packed, labelled food items like flour, paneer and curd, state Finance Minister K N Balagopal said in the state assembly on Monday. Now on the 5 per cent GST on pre-packed, labelled food items, Kerala has strongly conveyed to the Centre its opposition to the same, …

GST on Curd, Lassi, Other Items from July 18: What Becomes Cheaper, What Becomes Dearer?
2 years, 5 months ago

GST on Curd, Lassi, Other Items from July 18: What Becomes Cheaper, What Becomes Dearer?

News 18  

Towards the end of June, the GST Council chaired its 47th meet under the leadership of finance minister Nirmala Sitharaman, where a slew of decisions were taken regarding the levy of Goods and Service Tax on various items. – The GST Council also decided to bring hotel rooms under Rs 1,000 per day under the 12 per cent GST slab, …

GST on Pre-packed Labelled Food Items to Raise Prices, Increase Traders' Compliance Burden: CAIT
2 years, 5 months ago

GST on Pre-packed Labelled Food Items to Raise Prices, Increase Traders' Compliance Burden: CAIT

News 18  

New Delhi: Traders’ body CAIT on Monday said the decision to levy 5 per cent GST on pre-packed and labelled food items will cause loss of business to foodgrain traders, increase compliance burden and raise the prices of unbranded everyday essentials. CAIT Secretary General Praveen Khandelwal said that to protest against this decision of the GST Council, the traders’ delegation …

Explained | What is next on the agenda for the GST regime?
2 years, 5 months ago

Explained | What is next on the agenda for the GST regime?

The Hindu  

The story so far: The Goods and Services Tax Council, chaired by Union Finance Minister Nirmala Sitharaman, met for the first time in 2022 for a marathon two-day meet this week, just ahead of GST’s fifth birthday on July 1. Based on recommendations made by a Group of Ministers led by Karnataka Chief Minister Basavaraj Bommai, the GST Council has …

Key Highlights Of The Recommendations Made By The GST Council In Its 47th Meeting
2 years, 5 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, 5 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, 5 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 new rates: Check full list of goods, services that get costlier, cheaper
2 years, 5 months ago

GST new rates: Check full list of goods, services that get costlier, cheaper

Live Mint  

The 47th GST council meeting was held under the chairmanship of Union finance minister Nirmala Sitharaman on Wednesday, during which, approval for changes in tax rates was given for several goods and services. Check what will get costlier in the coming month: Goods/Services Older rate New rate Printing, writing or drawing ink 12% 18% Knives, pencil sharpners, blades, forks, spoons, …

GST Council Meet: Pre-Packed Items Under GST; 28% Tax On Casino Deferred; Key Decisions
2 years, 5 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, 5 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 new rates explained: Full list of items, services to get costlier
2 years, 5 months ago

GST new rates explained: Full list of items, services to get costlier

India Today  

A number of items are set to attract Goods and Service Tax after the GST Council approved changes in the tax rates on some goods and services with a view to rationalising the levy. The decision was taken by the GST Council - the highest decision-making body on the levy of goods and services tax, headed by Union Finance Minister …

GST Council Likely To Discuss Changes In Tax Rates On 14 Items, Ease Compliance
2 years, 6 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 …

Inflation delays GST rates rationalisation, Centre counters states
2 years, 6 months ago

Inflation delays GST rates rationalisation, Centre counters states

India Today  

First the Covid, then the ongoing Russia-Ukraine war. GST RATES The GST council then led by finance minister, late Arun Jaitley had kept just 50 items in the highest tax rate of 28 per cent. There is a view among the council members that to raise collections a rejig of taxes that includes several items being moved to higher tax …

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