GST Amnesty Scheme: Big Relief Announced For Taxpayers At 52nd GST Council Meet - Check Here
In its meeting on Saturday, the 52nd GST Council extended the deadline for GST-registered enterprises to file appeals with an increased pre-deposit of 12.5 percent of the tax demand.
Oct 08, 2023, 09:54 AM IST
Taxing GST On Deposits Will Wipe Out 80% Of Online Gaming Industry
The GST Council has also decided to review the decisions on the rate of tax and valuation after six months of implementation of the amendments, giving some hope to the industry.
Aug 03, 2023, 11:27 AM IST
28% GST On Online Gaming Stays; To Be Reviewed After 6 Months Of Roll-Out
The panel had at its last meeting decided to levy a 28 percent GST on the full face value of bets placed and Wednesday's meeting was to deliberate on the tax law changes that would be required to implement it.
Aug 02, 2023, 21:01 PM IST
SUVs To Get Expensive; GST Council Proposes New Cess Slabs - Check Here
The GST council has set new rules to identify SUVs, and the body style will now attract more taxes as the councils sets new cess slabs.
Jul 12, 2023, 11:46 AM IST
GST Waived Off On Cancer Treatment Drugs, Special Medicines
Addressing a press conference after the marathon eight-hours-long meeting, Sitharaman said that tax exemption has also been extended to satellite launch services provided by private parties.
Jul 12, 2023, 07:47 AM IST
GST Council Meet Today, Likely To Take A Call On Taxing Heavy Utility Vehicles, Horse Racing, Online Gaming
Setting up of a GST Tribunal and framing of their rules may also be taken up for discussion during the meeting.
Jul 11, 2023, 08:39 AM IST
GST Council Likely To Discuss Taxation Under ONDC During Meeting Tomorrow
Under ONDC, a buyer places an order with an e-commerce platform, which itself procures that consignment from another e-commerce platform.
Jul 10, 2023, 10:40 AM IST
GST Council Meet On July 11, Likely To Discuss Steps To Prevent Fake Generation Of ITC
Chairman of Central Board of Indirect Taxes and Customs (CBIC), Vivek Johri said this while speaking to reporters at the sidelines of an event.
Jun 16, 2023, 16:27 PM IST
GST Council to Meet on February 18; Tax on Pan Masala, Gutka Companies, Online Gaming Top Agenda
The 49th GST Council meeting is likely to take up issues relating to taxation on 'pan masala' and 'gutka' companies, setting up of appellate tribunals, and GST levy on online gaming, casino, and horse racing.
Feb 04, 2023, 13:59 PM IST
GST Council to meet tomorrow --Check the agenda of meeting
The rate changes recommended by the GST Council had become effective on July 18, 2022.
Dec 16, 2022, 21:47 PM IST
GST on Hospital Admission: 5% GST on non-ICU hospital rooms above Rs 5K will not hit affordable healthcare, says Revenue secy
Responding to the representations of the industry, revenue secretary Tarun Bajaj also rejected the demand for zero-rating for healthcare industry saying such "carve-outs" may generate similar demands from other sectors, like education, and put upward pressure on taxation of other items in the GST net.
Jul 07, 2022, 08:58 AM IST
Highest 28% GST on luxury, sin goods to continue: Revenue Secy
Addressing the industry leaders, Bajaj said the rate rationalisation exercise of the GST Council is a result of introspection of GST, five years after its rollout, and the policymakers do not have a "fetish" to raise the tax rates to the revenue-neutral level of 15.5 per cent.
Jul 04, 2022, 15:24 PM IST
Crypto investors alert! GST Council mulling 28% tax on Bitcoin, other cryptocurrencies
The services such as crypto mining along with sales and purchases are likely to attract the 28 per cent GST if the proposal goes through in the next GST meeting, according to reports.
May 10, 2022, 09:16 AM IST
GST on online gaming, horse racing, fantasy games: GST Council may take final call soon
Speaking to reporters ahead of the GoM in the national capital on May 2, Godinho, the state's representative to the Council, also said that after the recommendations made by the GoM, the GST council would take a final call on the taxation policy for the three services.
Apr 29, 2022, 16:37 PM IST
GST Council may do away with 5% rate; move items to 3% & 8% slabs
GST is a four-tier structure of 5, 12, 18 and 28 per cent. Besides, gold and gold jewellery attract 3 per cent tax.
Apr 17, 2022, 14:28 PM IST
GST Council may consider proposal to raise lowest slab to 8%, rationalise tax slabs
Currently, GST is a four-tier structure attracting a tax rate of 5, 12, 18 and 28 per cent.
Mar 07, 2022, 11:17 AM IST
5 things will be costlier from 1 January 2022 due to change in GST rates
There are going to be many major changes in GST from January 1, 2022. This after the GST Council had decided to change the rate of tax on some goods during the meeting in September, according to which these changes in tax will be applicable from January 1.
Dec 29, 2021, 15:56 PM IST
Centre releases Rs 1.59 lakh crore to states as compensation for GST shortfall
The Centre released the balance of Rs 44,000 crore to states as a loan to compensate for the GST shortfall on Thursday, October 28.
Oct 28, 2021, 19:47 PM IST
Centre releases Rs 40,000 crore to states as back-to-back loan for GST shortfall
Rs 40,000 crore were released by the Centre on Thursday to states and UTs to compensate for the shortfall in GST revenues.
Oct 07, 2021, 16:34 PM IST
GST returns alert! Businesses defaulting on monthly returns won’t be allowed to file GSTR-1
The GST Council in its Lucknow meeting on September 17 has decided to take a host of measures to streamline compliance, including mandatory Aadhaar authentication for businesses to file refund claims.
Sep 19, 2021, 11:01 AM IST
