GST council

GST council News

PM Economic Advisory Council: Need to set up GST Council-like body for public spending

The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.

Boost for electric vehicles: GST Council trims tax on electric cars, chargers to 5%

The changes would be effective from August 1. The reduced GST rates for electric vehicles (EVs) are estimated to lead to an annual revenue loss of around Rs 60 crore, officials said.

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Govt to reduce GST rate on electrical vehicles, EV chargers

After considering the promotion of electric vehicles in the Union Budget, the government has been urging states to promote eco-friendly vehicles in an effort to curb rampant pollution afflicting most of the major cities.

GST Council to decide on tax cut on EVs this week

The Council, which has state finance ministers as members, in its meeting last month, had referred the issue relating to Goods and Services Tax (GST) concessions on electric vehicle, electric chargers and hiring of electric vehicles, to an officers committee.

Sanitaryware industry urges govt to cut GST, encourage hygiene

"The manufacturers have therefore requested to the GST council to lower the rates from the current 18 percent to 5 percent and help improve sanitation levels in the country," the director of Indian Council of Sanitaryware Manufactures said.

GST Council may give 1-year extension to anti-profiteering authority

The Council will also take a call on setting up a combined bench for all north-eastern states as well as one bench to deal with appeal cases in six Union Territories -- Chandigarh, Puducherry, Lakshadweep, Daman and Diu, Dadra and Nagar Haveli, and Andaman and Nicobar Islands, the official said.

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Extension to anti-profiteering body, extra-neutral alcohol inclusion on GST council’s agenda

Levy of GST on extra-neutral alcohol (ENA) used in manufacturing liquor for human consumption is also expected to be discussed in the meeting of the Council, the first one to be chaired under Finance Minister Nirmala Sitharaman.

Relief for home buyers as GST Council announces rate cut for real estate

The Goods and Services Tax (GST) Council Sunday lowered the tax rate for under-construction housing to five per cent (without input tax credit) from the present effective rate of 12 per cent (after one-third abatement of land).

On GST Council table: Tax relief for real estate, duty relaxation for exporters

The proposal was discussed in 26th GST Council meeting in March last year and since many technical, legal and administrative issues were identified, its implementation was put on hold.

GST Council meeting: Here are all the changes announced today

The Council also allowed Kerala to levy a 1 per cent disaster cess on intra-state sale of goods and services for a period of up to two years to mobilise revenues to meet the cost of rehabilitating parts of states that were ravaged by floods last year.

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