GST Council meeting

GST Council meeting News

GST Council slashes rates on hotel tariffs, grinders; hikes tax on caffeinated beverages

Apart from these, the government has also cut GST rates on slide fasteners, wet grinders, and marine fuel by a large margin.

GST Council meet: Extension to NAA, annual return filing deadline

The Council also approved allowing Aadhaar as a document for registration under GST, while referring the legal view regarding levy of taxation on lottery to the Attorney General (AG) since some cases disputing the levy are pending in courts.

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GST Council: Anti-profiteering authority's tenure extended, rate cut on EVs sent to fitment panel

The GST council has extended the date for filing annual returns under the Goods and Services Tax (GST) regime by two months to August 30. The one-form new GST return filing system will be applicable from January 1, 2020.

Sitharaman-led first GST Council meet to decide on tax cut on e-vehicles, NAA extension

The Council will also consider tweaking GST rate on lottery. An 8-member group of state finance ministers could not reach a consensus on whether a uniform tax rate should be imposed on lotteries or the current differential tax rate system be continued.

GST Council meeting pushed to Sunday

“Today's meeting has been adjourned till Sunday,” Arun Jaitley said, adding discussion on real estate and lottery will continue.

GST Council cuts more rates, only 28 items now left in highest slab

The move which will cost the exchequer around Rs 5,500 crore a year and Rs 1,375 crore in the remaining three months of this fiscal.

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Opposition-ruled states oppose rate cuts citing revenue consideration

The GST Council after much haggling agreed to cut rates on 23 items of common consumption, which will have an annual revenue implication of Rs 5,500 crore.

GST rate cut: From movie tickets to TVs, here's full list of items set to get cheaper

Six items have been taken out from the highest GST bracket of 28 percent, thereby leaving only 28 items in the slab. Now, the 28 percent slab is restricted to only luxury and sin goods, apart from auto parts and cement.

GST Council clears 20 per cent cashback on digital payments, with Rs 100 cap

Revenue shortfall concerns and issues being faced by micro, small and medium enterprises (MSMEs) dominated the 29th meeting of the GST Council. The Council approved a six-member ministerial panel, headed by Minister of State for Finance Shiv Pratap Shukla, to look into the issues of MSMEs.

GST in progress

Fifth round of rationalisation of rates is welcome. There is work still to be done

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