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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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'War room' set up to deal with GST crises

'War room' set up to deal with GST crises

Tue, Jun 27, 2017

Central Board of Excise and Customs (CBEC) chief Vanaja N Sarna told PTI today that the unit will act as a quick resource centre for central and state government officials to address their queries on the historic tax reform scheduled to be implemented from July 1.

Natural gas may be included in GST, to benefit ONGC

Natural gas may be included in GST, to benefit ONGC

Tue, Jun 27, 2017

Currently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) and natural gas are not included in the new indirect tax structure, which is set to kick in from July 1.

Won't blink on GST launch, no excuse for biz not being ready, says Jaitley

Won't blink on GST launch, no excuse for biz not being ready, says Jaitley

Tue, Jun 20, 2017

GST, which was originally planned to be implemented from April 1 but was deferred by three months, will be launched at a grand function in the historic Central Hall of Parliament on the midnight of June 30.

Myntra eyes 25-fold jump in sales, 4 lakh new customers from upcoming sale

Myntra eyes 25-fold jump in sales, 4 lakh new customers from upcoming sale

Mon, Jun 19, 2017

Myntra's sale comes at a time when brick and mortal retail stores are offering heavy discounts to customers to clear stocks, ahead of the GST roll-out from July 1.

These important decisions can be taken at 17th GST council meeting

These important decisions can be taken at 17th GST council meeting

Mon, Jun 19, 2017

17th meeting of GST council chaired by Finance Minister Arun Jaitley will be held today. In the meeting, decisions related to e-way bill, lottery rates will be taken.

Govt ropes in Amitabh Bachchan to promote GST

Govt ropes in Amitabh Bachchan to promote GST

Mon, Jun 19, 2017

The Central Board of Excise and Customs will be making the 74-year-old Bachchan brand ambassador for GST. A 40-second video featuring him has already been shot and is being circulated.

Govt relaxes GST return filing procedure; here are the deadlines specified

Govt relaxes GST return filing procedure; here are the deadlines specified

Mon, Jun 19, 2017

The GST Council decided to relax the returns filing procedure under the GST regime. The government said that tax would be payable on a simple return form – GSTR-3B.

GST Council clears anti-profiteering laws, relaxes return filing deadline

GST Council clears anti-profiteering laws, relaxes return filing deadline

Sun, Jun 18, 2017

GST Council that met on Sunday has cleared rules of anti-profiteering under GST and set tax rates for state-run and government authorised lotteries.

GST Impact: Small business owners feel jittery over e-way bill, sales tax rule

GST Impact: Small business owners feel jittery over e-way bill, sales tax rule

Tue, Jun 13, 2017

To protect interests of small businesses with the government's introduction of e-way bill and sales rule in the upcoming GST, industry owners have urged the GST Council for relaxed procedures and revised policies before it rolls out the new tax from July 1 this year.

No IGST for buses travelling to Pakistan, Bangladesh

No IGST for buses travelling to Pakistan, Bangladesh

Mon, Jun 12, 2017

Trucks, tankers, vessels and containers will not be required to pay inter-state Goods and Services Tax, called IGST in the new regime as the GST Council exempted any mode of conveyance for carrying goods or passengers or for their repairs from the levy.

GST will help in e-commerce export, but clarity on policy needed: Stakeholders

GST will help in e-commerce export, but clarity on policy needed: Stakeholders

Mon, Jun 12, 2017

A few players in the e-commerce sector feel that under the current foreign trade policy, there is a "lack of clarity" in terms of e-commerce exports.

IT hardware firms expect GST to hit biz; monitors to be dearer

IT hardware firms expect GST to hit biz; monitors to be dearer

Mon, Jun 12, 2017

IT hardware industry hailed the government's move to scale down goods and services tax rate for printers to 18 per cent but expect business to be impacted because of high 28 per cent rate imposed on computer monitors and projectors.

Traders can e-verify GST registration application via OTP

Traders can e-verify GST registration application via OTP

Mon, Jun 12, 2017

Traders and businesses can opt for verification of their GST registration through the e-mode, including an OTP on their registered mobile number, sources said.

Arun Jaitley hints at no review of GST rate on hybrid cars

Arun Jaitley hints at no review of GST rate on hybrid cars

Sun, Jun 11, 2017

Finance Minister Arun Jaitley today hinted that the tax rate on hybrid cars will not be reviewed, saying the industry demands were not in sync with a study conducted by tax officers.

GST Council may revise rates on these goods today

GST Council may revise rates on these goods today

Sat, Jun 10, 2017

Excess lobbying of industry bodies over the GST rates declared in the previous Council meet may push the government to review the tax rates on certain products. Here are a few of the articles the government is expected to review tomorrow at the 16th GST Council meet.

Will investing in physical gold post GST a good option?

Will investing in physical gold post GST a good option?

Tue, Jun 06, 2017

On one side where the jewellers are cheering the move, and rating agencies are expecting uptick in demand, but with 3% tax on gold, is it really a positive move?

Govt should reconsider GST on rough diamonds: GJEPC

Govt should reconsider GST on rough diamonds: GJEPC

Mon, Jun 05, 2017

Gem and Jewellery Export Promotion Council (GJEPC) welcomed the the government's move of keeping GST rate of 3% on gold and jewellery.

Apparel, biscuits, footwear cheaper; gold costlier under GST

Apparel, biscuits, footwear cheaper; gold costlier under GST

Sun, Jun 04, 2017

Apparel up to Rs 1,000, biscuits and footwear will get cheaper, while gold will get slightly costlier from next month as the Centre and states, excepting West Bengal, resolve to roll out GST from July 1.

Gold at 3%, biscuits at 18%; GST Council decides rates for most remaining items

Gold at 3%, biscuits at 18%; GST Council decides rates for most remaining items

Sat, Jun 03, 2017

The Goods and Services Tax (GST) Council has finalised the fitment of tax rates for most of the six remaining items on Saturday, Jammu and Kashmir Finance Minister Haseeb Drabu said.

GST Council clears rules, states agree to July 1 rollout

GST Council clears rules, states agree to July 1 rollout

Sat, Jun 03, 2017

The GST Council today cleared the pending rules, including transition provisions and returns, with all the states agreeing to July 1 roll out of the Goods and Services Tax.

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