GST Council

First GST council meet under Modi 2.0 today: Reduction in tax slab and other key expectations

This will be the first GST Council meeting after Modi 2.0 took charge last month and will be held just two weeks before the presentation of Union Budget 2019.

Jun 21, 2019, 09:33 AM IST

First GST council meet under Modi 2.0 on Friday: Auto, Cement sector expect reduction in tax slab

This will be the first GST Council meeting after Modi 2.0 took charge last month and will be held just two weeks before the presentation of Union Budget 2019.

Jun 20, 2019, 16:27 PM IST

First GST council meet on June 21 after Modi 2.0 takes charge, to decide on crucial matters of taxation

Among several discussions that is going to be on the GST Council agenda, discussion on proposal to levy 18 percent GST on extra-neutral alcohol (ENA), used for manufacturing alcoholic liquor for human consumption, will be an important one.

Jun 18, 2019, 12:39 PM IST

First GST council meet on June 20 after Modi 2.0 takes charge, may reduce items under 28% slab

Finance Minister Nirmala Sitharaman will chair the meeting of the GST Council on June 20 which among other things will consider reducing number of items under 28 percent tax slab, which is the highest in the GST tax bracket.

Jun 11, 2019, 11:18 AM IST

GST Council extends deadline for realty firms to opt for old GST rate till May 20

The GST Council, headed by Finance Minister Arun Jaitley and comprising state counterparts, had in March allowed real estate players to shift to 5 percent GST rate for residential units and 1 percent for affordable housing without the benefit of input tax credit (ITC) from April 1, 2019.

May 10, 2019, 12:17 PM IST

GST Council approves transition plan for new tax rates for real estate sector

Reasonable time for transition will be given to developers in consultation with states.

Mar 19, 2019, 14:55 PM IST

FinMin notifies April 1 as date for availing increased GST exemption limit, composition scheme

Besides, the effective date for availing higher turnover cap of Rs 1.5 crore for availing composition scheme by traders has also been fixed as April 1.

Mar 08, 2019, 10:36 AM IST

GST on under-construction flats, affordable housing slashed: Here are the benefits for home buyers

The new rate shall become applicable from April 1, 2019.

Feb 25, 2019, 12:58 PM IST

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GST on under-construction flats slashed to 5%; affordable housing to attract 1%

In a big relief to home buyers, the GST Council Sunday slashed tax rates on under-construction housing properties to 5 per cent without the input tax credit, from the existing 12 per cent, Finance Minister Arun Jaitley said.

Feb 24, 2019, 18:28 PM IST

GST on under-construction flats slashed to 5%; affordable housing to attract 1%

Feb 24, 2019, 18:07 PM IST

GoM favours uniform tax on lottery, GST Council to decide rate on February 20

Currently, a state-organised lottery attracts 12 percent GST while a state-authorised lottery attracts 28 percent tax.

Feb 19, 2019, 10:15 AM IST

Cabinet clears setting up of centralised GST appellate authority

Goods and Services Tax Appellate Tribunal is the forum of second appeal in GST laws and the first common forum of dispute resolution between Centre and States.

Jan 23, 2019, 14:40 PM IST

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DNA: Non Stop News, 10 January, 2019

This segment of DNA brings to you important stories of the day. Watch this video for more info.

Jan 10, 2019, 21:54 PM IST

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GST Council meet: Big relief for small businessmen

The GST council in its ongoing meeting has decided to provide huge relief to small traders and manufacturers, sources told Zee Media. According to sources, the GST Council has decided now the manufacturers having turnover of Rs 1.5 crore can also avail benefits of composition scheme. Watch this video to know more.

Jan 10, 2019, 14:14 PM IST

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Morning Breaking: Single GST rate in the process, cutting tax on cement a priority, says Jaitley

India is working towards a single national sales tax rate which could be a mid-point between 12 and 18 per cent, Finance Minister Arun Jaitley said on Monday, in an effort to simplify the tax structure.

Dec 25, 2018, 08:54 AM IST

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5W1H: Movie tickets, TVs, video games to get cheaper as GST Council cuts tax on 40 items

This segment of Zee News brings to you latest updates. The 31st Goods and Services Tax (GST) Council meeting on Saturday decided to move 33 items from the 18 percent tax slab to 12 percent and 5 percent while six items were moved from 28 percent slab to 18 percent bracket. Watch this video to know more.

Dec 22, 2018, 19:50 PM IST