GST Council meeting

GST Council meeting News

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.

Advertising

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

Advertising

27th GST Council Meet: Simplified returns filing system, fully state-run GSTN get approval

The Council also approved change in the ownership structure of GSTN, the IT backbone of GST, to convert it into a fully owned government entity, with equal ownership of states and Centre.

27th GST Council Meet: Bengal, Kerala, Andhra say proposal to impose sugar cess against ‘One Nation, One Tax’ 

Prior to introduction of GST, a cess was levied and collected under the Sugar Cess Act, 1982, as duty of excise, for the purpose of the Sugar Development Fund.

26th GST Council meet postponed; likely to take place on March 10

“Some states expressed that they have regional holiday on March 1 for Holi. So it’s been deferred from March 1. Most likely it will be held on March 10,” an official said.

GST Council reduces tax rates of 29 handicraft items, decision on petrol in next meeting

Finance Minister Arun Jaitley said about 29 handicraft items will attract no tax and asserted that the move was taken to protect jobs in the hand-made industry. The revised GST rates will be applicable from January 25.

Advertising