gst council - Latest News, Analysis, Opinion

The council slashed GST on ropeways, on renting of goods carriage including fuel cost and exempting the foreign component of the tour package from GST.

Pre-packed Labelled Food Items To Now Attract GST

The panel headed by Union Finance Minister Nirmala Sitharaman and comprising representatives of all states and UTs, on the first day of the two-day meeting accepted the GoM's recommendation for reviewing the exemption from GST that packed and labelled food items currently get

GST Council Clears Proposal To Remove Tax Exemptions On Some Items

The Council, chaired by Finance Minister Nirmala Sitharaman and comprising state counterparts, also cleared a host of compliance procedures for GST-registered businesses along with a GoM report on high-risk tax payers to check evasion

GST Council Likely To Consider Changes In Monthly Tax Payment Form

Currently, GSTR-3B of a taxpayer includes auto drafted input tax credit (ITC) statements based on inward and outward B2B supplies and also red flags any mismatch between GSTR-1 and 3B

GST Council Likely To Consider Tweaking Monthly Payment Form

The change would minimize the requirement of user input in GSTR-3B and ease the GSTR-3B filing process, an official said

Consult Traders Before Changing Tax Rates: CAIT To GST Council

The trade body stressed that in the present circumstances, it is necessary that the GST tax laws and rules should be reviewed afresh in totality and the discrepancies and disparities in tax rates should be eliminated

GST Council Recommendations Not Binding On Centre, States: SC

Legal

Prime Minister Narendra Modi led the central government and a few importers had been fighting in the SC over the applicability of GST on the transportation of imported goods through the sea route

IAMAI Urges GST Council To Maintain 18% Rate On Online Gaming

IAMAI notes with concern that there is an ongoing discussion to increase the GST taxation rate to 28 per cent for the online gaming industry.

Brick Manufacturing, Trading To Attract 6% GST Without ITC; 12% With Credit

Economy India

The government on March 31 notified the GST rates that would be applicable from April 1

GST Officers Bust Syndicate Of Fake Firms Involved In Rs 362-cr Evasion

Economy India

GST officers have busted a syndicate involved in the creation of fake firms and bogus invoices which led to a GST evasion of Rs 362 crore, the finance ministry said.

Power Of Search, Seizure And Arrest Under GST Should Not Be Used To Harass Taxpayers

Bimal Jain

Opinion Columns

Any sort of coercive and pressurizing tactics cannot be justified in the name of search and seizures under the provisions of GST.

States Pitch For Continuation Of GST Compensation For Another 5 Years

GST compensation to states for revenue shortfall resulting from subsuming of local taxes such as VAT in the uniform national tax, Goods and Services Tax (GST) will end in June next year.

GST Council Meet On Dec 31, To Discuss Rate Rationalisation

There have been demands for merging the 12 and 18 per cent slabs and taking out certain items from the exempt category to balance the impact of slab rationalisation on revenue.

Amit Mitra urges PM Modi to call GST council meet