Fri, Nov 03, 2023
Cover Story: There is bumper demand all around during the festive season, and the government's coffers are getting filled as GST collection is increasing significantly.
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Sun, Oct 08, 2023
During the 52nd GST Council meeting, states raised the issue of notices for tax demand served under the GST regime on gaming companies, with some states terming it "retrospective taxation". Chhattisgarh Deputy Chief Minister T S Singh Deo said that states like Delhi and Goa raised the issue of online gaming companies receiving a spate of GST demand notices for alleged evasion. Delhi Finance Minister Atishi said that tax notices are being sent for a much higher amount than even the estimated valuation of the gaming industry.
Sat, Oct 07, 2023
The GST Council has decided to raise the upper age limit of the GST Appellate Tribunal to 70 years. This means that the president and members of the tribunal can now serve until they are 70 years old, up from the previous limit of 67 years. This is good news for taxpayers, as it will allow them to access justice for longer. In this video, we'll discuss the implications of this decision and what it means for taxpayers.
Fri, Oct 06, 2023
GST Council meeting on October 7, What major decisions will GST Council take? Where will GST rate increase or decrease? Know complete details in this video
Thu, Oct 05, 2023
The GST Council is meeting on October 7th to discuss a number of important topics, including online gaming taxes, bank guarantees, and millets. The council is likely to review the progress made by the states in incorporating changes with regard to the taxation of online gaming, and to clarify the levy of tax on bank and corporate guarantees. The council may also consider an exemption on millets sold in powdered form.
Wed, Oct 04, 2023
GST Council meeting on October 7 What major decisions will the GST Council take? Where will GST rate increase or decrease?
Tue, Sep 26, 2023
The 52nd meeting of the GST Council will be held on October 7. Discussion possible regarding GST on insurance in the meeting. Online gaming and casinos can be discussed. Discussion possible on reverse charge mechanism of metal scrap
Sun, Mar 15, 2020
Vital GST council meet under Finance Minister Nirmala Sitharaman's leadership took place. Rates of mobile phones rose after GST on mobile phones rises from 12% to 18%.
Thu, Mar 12, 2020
In the upcoming GST council meet on March 14, GST rates on mobiles, footwear, textiles might increase.
Thu, Dec 19, 2019
GST Council Meeting: The due date for filing of Form GSTR – 9 and GSTR – 9C for FY 2017-18 extended to 31st Jan 2020.
Wed, Dec 18, 2019
Goods & Services Tax meet to held today, a new committee may be formed on slab changing decisions. Watch this video to know more. #GSTCouncil #GSTSlabs
Union finance minister Nirmala Sitharaman on Wednesday chaired the 38th Goods and Services Tax (GST) Council Meeting. A review of the tax rates and slabs under GST was expected to be announced in the meeting.
GST Council Meet, Bank of Baroda, NMDC, Persistent System and telecom stocks are expected to remain newsmakers throughout the intraday trade session.
Tue, Oct 01, 2019
New GST form and applications to get simpler from next year. Watch video to know more.
In the recently held 37th GST Council meeting in Goa, Finance Minister Nirmala Sitharaman approved reduction in the GST on hotel room rent to give a boost to the tourism sector.
Sat, Sep 28, 2019
GST Network, the IT backbone of the indirect tax system, on Thursday unveiled an online refund process as decided by the GST Council.
Fri, Sep 20, 2019
Addressing the media, the FM said the GST rate on slide fasteners has been reduced from 18% to 12%; marine fuel 18% to 5%; 12% to 5% on wet grinders consisting of stone as a grinder, and 5% to nil on dried tamarind.
Finance Minister Nirmala Sitharaman slashed corporate tax rate in a major way to give economic growth a big booster dose after data put showed economy grew by 5% in last quarter. Sitharaman made the announcement in Goa ahead of the GST Council meeting.
GST Council is likely to recommend tax cuts on 20-25 products on Friday but will avoid lowering rates for items that will significantly dent revenue collections, two government sources said.
Fri, Jul 05, 2019
Union Finance Minister Nirmala Sitharaman presented the budget for 2019-2020 in the national capital today. While addressing at the Lok Sabha, Nirmala Sitharaman said, “The recent election was charged with brimming home and desire for a bright and stable 'New India'. Voter turnout was highest and every section came to stamp their approval for performing government.” “The first term of Prime Minister Narendra Modi-led National Democratic Alliance (NDA) government stood out as a performing government. Between, 2014-2019, he provided a rejuvenated centre-state dynamics, cooperative federalism, Goods and Services Tax (GST) council and strident commitment to fiscal discipline,” she added.
Mon, Jun 24, 2019
GSTR-9 form is referred as annual return, and is needed to be filed by all normal taxpayers including SEZ units and SEZ developers.
GST Council’s new developments were not only targeted at transactions but also for giving relief to filers and consumers.
Fri, Jun 21, 2019
The all-powerful GST Council extended the tenure of the anti-profiteering authority by two years and approved imposing a penalty of up to 10 per cent on entities not passing on benefits of GST rate cuts to consumers.
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