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, Nov 10, 2017
Goods and services are expected to get cheaper after the GST Council meet on Friday which is expected to revise tax rates on more products.
Thu, Nov 09, 2017
Stocks consolidated in a volatile session today as the Sensex closed in positive space after two sessions of fall, ahead of the outcome of the GST Council meet amid a good set of earnings from Tata Motors and others.
Sat, Nov 04, 2017
The GST Council had announced several measures to ease problems faced by businesses last month.
Tue, Oct 31, 2017
The issue is now expected to be taken up by the GST Council in its next meeting on November 10, which will be headed by Finance Minister Arun Jaitley.
Sun, Oct 15, 2017
Within a week of being set up, the group of ministers (GoM) on making the GST composition scheme more attractive held its first meeting today.
Thu, Oct 12, 2017
Since GST's inception industrialist have been complaining that their business operations have slowdown and working capital requirement were hampered.
The matter will be discussed in the next meeting of the GST, which will be held on November 9, in Guwahati, Jaitley said.
Mon, Oct 09, 2017
In a move to provide relief to customer and jewellers, the GST council in 22nd meet decided to withdraw the KYC norms for purchase above Rs 50,000 for time-being. A guidelines will be issued the council in nearterm.
Sat, Oct 07, 2017
Fri, Oct 06, 2017
While providing relief to exporters and SMEs, the GST council also changed the tax rate for a number items involving medicines, stationary items, packaged foods and handicrafts, etc.
Last month, exporters mentioned that an estimated Rs 65,000 crore is locked up in GST refunds. Jaitley plans to implement an e-wallet platform for exporters to make things easier.
Under the 22nd GST Council Meeting chaired by FM Arun Jaitley, the government decided not to make Aadhaar and PAN mandatory for purchase of high value goods like jewellery.
The Goods and Service Tax Council (GST Council) was chaired by Finance Minister Arun Jaitley to discuss a special package for the micro, small and medium enterprises (MSMEs) and exporters.
The 22nd GST Council Meeting is likely to discuss a special package for the micro, small and medium enterprises (MSMEs) and exporters.
Fri, Sep 22, 2017
Ministry of Finance on Friday said that the mistakes made while filing TRANS 1 Form of admissible credit can now be corrected by taxpayers. The Ministry in a release said that GST Council has decided to provide a facility for assessees to revise their TRANS 1 form.
Fri, Sep 15, 2017
"While putting it (petroleum products) in GST is advisable, desirable, it's not a feasible proposition because state governments...Of the BJP also, will not agree," the senior Congress leader told PTI in an interview.
Mon, Sep 11, 2017
The hike in the GST cess brings the total tax on mid-size, large luxury cars and SUVs to the similar to the pre-GST level.
The GST Council's decision on increasing the cess on mid-size, large cars and SUVs will be implemented today as announced by CBEC.
Sun, Sep 10, 2017
The 40 items on which the GST rate has been reduced include food items such as walnuts, dried tamarind, idli or dosa batter, custard powder to plastic raincoats, saree fall, textile caps, etc.
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