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GST Council

India 360: Government's coffers are filling during the festive season, GST collection increased

India 360: Government's coffers are filling during the festive season, GST collection increased

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.

GST Council Meeting: States Raise Issue Of Retrospective Taxation On Online Gaming Companies

GST Council Meeting: States Raise Issue Of Retrospective Taxation On Online Gaming Companies

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.

GST Council Meeting: Council Raises President, Members of GST Appellate Tribunal Age Limit To 70

GST Council Meeting: Council Raises President, Members of GST Appellate Tribunal Age Limit To 70

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.

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Centre releases revised drafts of 3 GST laws, to be placed before Council on Dec 2-3

Centre releases revised drafts of 3 GST laws, to be placed before Council on Dec 2-3

Sat, Nov 26, 2016

The revised drafts of three Goods and Services Tax (GST) laws have been released after incorporating suggestions from stakeholders, the government said on Saturday. These will now be placed before the Goods and Services Tax (GST) Council in its next meeting on December 2 and 3.

GST: No consensus on jurisdiction over assessees

GST: No consensus on jurisdiction over assessees

Sun, Nov 20, 2016

The government aims to roll out GST, which will subsume excise, service tax and local levies, from April next year.

A day in the life of Indian consumers after GST

A day in the life of Indian consumers after GST

Fri, Nov 04, 2016

The broad based tax structure under the much awaited Goods and Service Tax (GST) were decided by the GST Council to be 0%, 5%, 12%, 18% and 28% on Thursday.

There should be minimum tax on ayurvedic products: Acharya Balkrishna

There should be minimum tax on ayurvedic products: Acharya Balkrishna

Fri, Nov 04, 2016

After the GST Council fixed the tax rates on various products on Thursday, Patanjali Ayurved's chief executive officer Acharya Balkrishna told Zee Business that there should be minimum tax on ayurvedic products.

GST to be less regressive with lower tax band at 5%: Experts

GST to be less regressive with lower tax band at 5%: Experts

Fri, Nov 04, 2016

A zero tax on daily necessities as well as lower rate of 5% for items of mass consumption will make the new Goods and Services Tax (GST) regime, to be rolled out from April next year, less regressive, tax experts said.

Panel fixes GST rate structure, FM Jaitley says

Panel fixes GST rate structure, FM Jaitley says

Thu, Nov 03, 2016

States getting lower revenue than this would be compensated by the Centre.

WATCH: Top 5 stories of this morning; From GST Council to conduct meeting on GST rates to petrol dealer association to hold protest today

WATCH: Top 5 stories of this morning; From GST Council to conduct meeting on GST rates to petrol dealer association to hold protest today

Thu, Nov 03, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of this morning: 1. SGX Nifty slides amid continuous weak cues

GST Council to discuss tax rates, dual control today

GST Council to discuss tax rates, dual control today

Thu, Nov 03, 2016

With barely a fortnight left for Parliament's Winter Session, the GST Council will begin its crucial two-day meeting on Thursday to decide on tax rate including the levy of cess and sort out the vexed issue of jurisdiction over assessees.

Hike GST rate by 1 to 2%, do not levy cess, says Assocham to FM Jaitley

Hike GST rate by 1 to 2%, do not levy cess, says Assocham to FM Jaitley

Wed, Nov 02, 2016

Industry chamber Assocham has made a pitch to Finance Minister Arun Jaitley not to levy cess, but hike GST rate by 1 to 2% to garner additional resources to compensate states for any revenue loss on rollout of the new regime from April next year.

Full text: Two issues FM Jaitley points out before GST Council meet

Full text: Two issues FM Jaitley points out before GST Council meet

Wed, Oct 26, 2016

The GST Council comprising of the Finance Ministers' of the Union and the State Governments has had three detailed meetings spread over several days.

GST rate structure to be decided on November 3-4: FM Jaitley

GST rate structure to be decided on November 3-4: FM Jaitley

Wed, Oct 19, 2016

The GST Council meeting on November 9-10 to decide on draft legislations.

Sensex trading flat after biggest rally in 5 months

Sensex trading flat after biggest rally in 5 months

Wed, Oct 19, 2016

UPDATE: At 0956 hours markets spiralled downwards as Sensex fell 0.11% to 28,022.51 points and Nifty 50 fell 0.08% to 8,671.30 points.

GST Council to take final decision on tax rate on October 19

GST Council to take final decision on tax rate on October 19

Wed, Oct 19, 2016

The decision on the Goods and Services Tax (GST) rates, which will have four slabs, will be taken on Wednesday by the GST Council that kicked off its three-day meeting on Tuesday. On Tuesday, the GST Council reached a consensus on state compensation and the base year will be 2015-16.

GST tax rate structure to be decided tomorrow: FM Jaitley

GST tax rate structure to be decided tomorrow: FM Jaitley

Tue, Oct 18, 2016

"To ensure rates will not be inflationary", Jaitley said.

Rahul Gandhi demands 18% cap on GST tax rate

Rahul Gandhi demands 18% cap on GST tax rate

Tue, Oct 18, 2016

Indian National Congress vice president and MP Rahul Gandhi has demanded 18% cap on the GST tax rate ahead of the GST Council's third meeting which begins from Tuesday.

Watch : FM Arun Jaitley speaking after GST Council Meet

Watch : FM Arun Jaitley speaking after GST Council Meet

Fri, Sep 30, 2016

Watch complete news story of FM Arun Jaitley speaking after GST Council Meet for getting detailed updates!

GST Council agrees on 5 areas; differ over decisions taken in first meeting

GST Council agrees on 5 areas; differ over decisions taken in first meeting

Fri, Sep 30, 2016

In signs of fracture, the Centre and states on Friday disagreed on decisions reached at the first meeting of the GST Council on service tax assessment although they reached a consensus on area based exemption in the new tax regime.

Tax dept introduces 2 more draft rules; makes monthly returns mandatory under GST

Tax dept introduces 2 more draft rules; makes monthly returns mandatory under GST

Tue, Sep 27, 2016

Moving at a fast pace, the tax department on Tuesday came up with two more draft rules and their formats on GST returns and refunds requiring assessees to file monthly returns and specifying procedure for claiming refunds of taxes, interest and fees.

GST Council to finalise registration, other rules on September 30

GST Council to finalise registration, other rules on September 30

Mon, Sep 26, 2016

Moving on fast track to meet the April 2017 GST rollout deadline, the tax department on Monday came out with draft rules relating to registration, invoice and payment which will be finalised by the GST Council on Friday.

Tax dept unveils 3 draft rules for registration under GST

Tax dept unveils 3 draft rules for registration under GST

Mon, Sep 26, 2016

In less than a week after the first meeting of the GST Council, the tax department on Monday came out with three draft rules and their formats relating to registration, invoice and payments which would be finalised by week-end.

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