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Latest Articles in gst council
No Consensus At GST Council, Next Meet On December 11-12
For the third time in one month, the GST Council on Saturday failed to break deadlock over control of assessees under the new indirect tax regime, an issue that has been holding up supporting bills essential for the GST rollout from April 1 next year
Read MoreGST Council To Discuss Model Laws, Tax Jurisdiction Friday
The all-powerful GST Council at its two-day meeting beginning Friday will dwell on the issue of jurisdiction over assessees and draft model laws for implementation of the new GST regime from April next year
Read MoreGST Council Meet Postponed To December 2-3
With several states suggesting changes in the model GST law and compensation formula, the GST Council meeting scheduled for November 25 has been postponed to December 2-3
Read MoreCentre-State Stalemate Over GST Jurisdiction Continues
Stalemate between the Centre and states over administrative control under the proposed goods and services tax regime continued today with an informal meet called by Finance Minister Arun Jaitley failing to break the deadlock
Read MoreGST Council Meet Inconclusive As State FMs Want More Tax Data
Meeting of the all powerful GST Council failed to reach any conclusion on the dual control issue as states objected to non-availability of updated data on assessees of service tax, excise and VAT
Read MoreGST Will Come On Time, But Multiple Rates Will Dilute Benefits
India moved a step closer to creating a national sales tax but a deal on rates reached on Thursday will hit some businesses harder than others, while its complexity will dilute any boost to growth and undermine its reliability as a revenue generator.
Read MoreGST Tax Structure To Bring Down Inflation, Says Arvind Subramanian
The GST Council's decision to peg the tax rate on items of mass consumption at 5 per cent will bring down prices and soften inflation, Chief Economic Advisor Arvind Subramanian said
Read MoreGST Council Decides On 4-tier Tax Structure From 5 To 28 Per Cent
A 4-tier GST tax structure of 5, 12, 18 and 28 per cent, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess, was decided by the all- powerful GST Council
Read MoreTop Rate Of GST Likely To Be 28%
India's federal and state governments are likely to approve four main tax slabs ranging from 5 to 28 per cent under a proposed Goods and Services Tax, the finance minister of the state of Jammu & Kashmir said
Read MorePanel Discusses GST Rate; Reaches Consensus On Compensation
The GST Council on Tuesday discussed possible Goods and Service Tax rates, including a four-slab structure of 6, 12, 18 and 26 per cent with lower rates for essential items and highest band for luxury goods, even as it reached consensus on payment of compensation to states
Read MoreGST Council To Meet On Tuesday, Decide On Tax Rate By October 20
The crucial three-day meeting of the all-powerful GST Council, starting on Tuesday, will decide on the tax rate and sort out issues like compensation formula for rollout of the new indirect tax regime from April 1, 2017
Read MoreGST Threshold Fixed At Rs 20 Lakh, Rate To Be Decided In October
The GST Council headed by Finance Minister Arun Jaitley decided that the state authorities will have jurisdiction over assessees with annual turnover of less than Rs 1.5 crore
Read MoreGST: Centre, States Agree On Timetable For April 1 Roll Out
Moving towards rolling out GST from April 1, the Centre and states on Thursday agreed on a timetable for deciding on the tax rate and completion of legislative work but differences remained on the turnover limit for exemption from the new tax.
Read MoreWill Meet April 1 Target For GST Rollout: MoS Arjun Meghwal
Stressing that the new indirect tax regime is a major tool for improving ease of doing business, Minister of State for Finance Arjun Ram Meghwal on Thursday (22 September) said the government will be able to implement Goods and Services Tax (GST) from April 1, next year.
Read MoreGovernment Notifies GST Council
The legislation would mention the tax rate, exempted goods and also the threshold. Prime Minister Narendra Modi too has directed all officers to ensure that steps are taken to stick to the April 2017 roll out date
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