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.
Sun, Sep 10, 2017
While the GST cess on mid-size cars has increased by 2%, large cars has been hiked by 5% and SUVs by 7%.
The GST Council once again decided to extend the deadline in filing of GST returns as there have been complaints of difficulties being faced due to technical gliches on the GST website.
Big Story Big Debate:This is a special segment of Zee Business. In this segment a panel discussion is held on concurrent issue.
This segment of Zee Business brings to you latest updates on GST council meeting. A few changes including cess increase in luxury cars, cess decrease in rubber bands and other things are expected to get discussed in this meet. Watch full video to know more.
The GST Council took the decision to increase the cess on various segment of cars individually, instead of having a common tax on all the cars of one size.
Sat, Sep 09, 2017
The Telangana government wants the GST on its flagship projects to be reduced to 5% from 12% which was revised earlier in Delhi.
The Goods and Services Tax (GST) Council will today meet at Hyderabad to reviews the tax on cars. The meeting will be chaired by Finance Minister Arun Jaitley. Watch the video for more information. About Zee Business --------------------------
Wed, Aug 30, 2017
The Cabinet has approved the Finance Ministry's proposal to increase the GST cess on luxury cars by another 10%.
Fri, Aug 25, 2017
Mahindra's higher exposure to the SUV segment makes it especially vunerable to the impact of the hike in the GST cess expected soon.
Fri, Aug 18, 2017
Premium and luxury sedans priced at Rs 15 lakh and above saw a huge rise in sales during the month of July due the implementation of GST.
Sat, Aug 12, 2017
Arjun Ram Meghwal said the GST Council would take its decision on how to extend the excise duty benefits for the entities with operations in the northeast.
Wed, Aug 09, 2017
While the passenger vehicle market is expected to grow by a healthy 9-10% in India during FY18, the increase in the cess by the GST Council poses a challenge to this growth.
Mon, Aug 07, 2017
The GST Council has taken the decision to increase the rate in the cess charged on larger cars to 25% from the earlier GST cess of 15%.
Sun, Aug 06, 2017
Briefing reporters after the 20th meeting of GST Council, Finance Minister Arun Jaitley said all goods worth over Rs 50,000 will have to be pre-registered online before they are moved for sale beyond 10 km.
Wed, Jul 19, 2017
The Sensex of the BSE after opening at 31,882.80 points, touched a high of 31,885.17 points and a low of 31,796.73 points.
According to the TII, the country will also see a increase in the illegal cigarette trade due to such a increase of taxation on the legal cigarette industry.
Tue, Jul 18, 2017
The Goods and Services Tax (GST) Council on Monday raised cess rates on cigarettes which will help the government earn Rs 5,000 crore more. Companies that make cigarettes dropped as investors rushed to sell shares.
Sun, Jul 16, 2017
This will be the first meeting of the Council since the launch of the Goods and Services Tax (GST) on July 1 and the 19th since it was set up in September last year.
Fri, Jun 30, 2017
Lets see how GST impacts your daily expenses. Purely from a taxation perspective, GST is likely to be neutral.
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