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Thursday, July 07, 2022

GST Council meeting

GST COUNCIL MEETING NEWS

Govt notifies procedural changes in GST rules

July 06, 2022 2:39 pm

Businesses with aggregate annual turnover of up to Rs 2 crore in the fiscal ended March 31, 2022 are exempt from filing annual returns for 2021-22, as per the amended rules. Businesses have also been allowed to make tax payments on the GSTN portal by using IMPS and UPI payment modes.

Explained: Tax rate changes decided by the GST Council

July 04, 2022 6:34 am

In the changes, which are expected to affect consumers at the most basic level, GST exemption has been withdrawn from ‘pre-packaged and labelled’ retail packs, but items sold loose or unlabelled shall continue to remain exempt.

GST Council defers tax on casinos, lottery

June 29, 2022 6:38 pm

A two-day meeting of the panel considered a report of the GoM but deferred a decision as Goa and some others wanted to make more submissions.

47th GST Council meet underway: To discuss rate rationalisation measures, review of exemptions, system reforms

June 28, 2022 5:24 pm

With high inflation rate, any major rejig of tax slabs will not find favour in near term, instead the GST Council is likely to rely heavily on a series of other measures to boost revenues

GST faces challenges. There is need to bridge trust deficit between Centre and states, uphold cooperative federalism

June 28, 2022 9:12 am

The consultative and consensual nature of decision-making that has helped guide the Council's decisions so far must be adhered to. Addressing the contentious issues will, first and foremost, require bridging the trust deficit between the Centre and states.

Praveen Chakravarty writes: On GST, the problem is trust deficit

June 27, 2022 9:07 am

Praveen Chakravarty writes: GST centralised India’s indirect taxation. It is time to start a national discussion on reversing the course by giving states powers for direct taxation

‘Security’ issues likely behind new GST Council meet venue

June 20, 2022 7:03 am

47th Meeting of Goods and Services Tax Council to be held in Chandigarh instead of Srinagar

GST panel to draw up interim report, seek tenure extension

June 18, 2022 8:12 am

No consensus on final report within GoM on tweaking slabs

GST Council decides to defer rate hike on textiles from 5% to 12%

January 01, 2022 2:26 am

The GST Council on Friday decided to defer the hike in GST rate on textiles from 5 per cent to 12 per cent.

GST Council Meeting Highlights: Petrol and diesel to not come under GST regime

September 17, 2021 10:32 pm

45th GST Council Meeting Highlights: Finance Minister Nirmala Sitharman said that GST Council discussed bringing petrol and diesel under GST regime as asked by the Kerala High court but the Council has decided against putting petrol and diesel under GST.

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