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Latest Articles in gst council
Karnataka Seeks Release Of Pending Compensation Of Rs 11,000 Crore From GST Council
Home Minister Basavaraj Bommai, who represents the state in the GST Council, which met today under the Chairmanship of Union Finance Minister Nirmala Sitharaman, requested it to extend the loan facility for compensation to the states to 2021-22 fiscal
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Compensate States On Gap Between Protected Revenue, Actual Expected Revenue: TN To GST Council
The gap between large organisations and micro, small and medium enterprises has 'widened' due to the unequal access to technology platforms and dispute-resolution mechanisms
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GST Council Leaves Tax Rate On Vaccines Unchanged
Sitharaman said the Council decided to continue a waiver of I-GST on free COVID-19 related supplies imported from abroad.
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GST Council Meet Outcome: GoM Formed To Work Out More Exemption On Covid-Related Supplies
Nearly a day-long meeting of the GST Council chaired by Finance Minister Nirmala Sitharaman took a number of important decisions including continued exemption of GST on some select COVID-19 supplies till 31st August 2021, creation of GoM to seek any further exemptions and its modalities, Relaxation of GST Return filing for small tax payers among others
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GST Council Meet Begins, Tax Rate Cut On COVID Essentials, Compensation To States On Agenda
The 43rd GST Council meeting, chaired by Finance Minister Nirmala Sitharaman and comprising state finance ministers, is being held via video conferencing.
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43rd GST Council Meeting Begins at 11 am; Key Issues on Agenda
To be conducted virtually via video conferencing, this meeting of the GST Council is the first in 2021 as the last meeting took place in October 2020. Rules mandates meeting to be conducted once every quarter which was not possible post the second wave of the pandemic
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GST Council May Decide On IGST Levy On Oxygen Concentrators Imported For Personal Use On May 28
The Court's observation came on a plea filed by an 85-year old COVID patient whose relative had sent oxygen concentrator from the US.
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GST Council To Meet On May 28; Compensation Shortfall, Rates On COVID Essentials On Agenda
The impact of second wave of the pandemic on GST revenue is likely to be taken into account in the forthcoming GST Council meeting on May 28.
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Not Possible To Bring Petrol, Diesel Under GST For Next 8-10 Years: Sushil Modi
Centre and states collectively collect over Rs 5 lakh crore tax on petroleum products, Modi told the Rajya Sabha while participating in a discussion on the Finance Bill 2021.
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GST- Invoice Matching Principle Gets Statutory Recognition
The new return filing mechanism based on the matching concept was introduced under the GST law vide Finance Bill 2018 which permitted the recipient to take provisional input tax credit even on the invoices not furnished by the supplier to a maximum of 20% of eligible input tax credit as available in his inward details.
Read MoreDharmendra Pradhan urges GST Council to bring petroleum products under its purview
Dharmendra Pradhan urges GST Council to bring petroleum products under its purview
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Centre Releases Rs 1 lakh Cr GST Compensation To States Since Oct 2020
The remaining 5 states, Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim, do not have a gap in revenue on account of Goods and Services Tax (GST) implementation.
Read MoreGovernment to facilite businesses with minimum regulation: Sitharaman
Government to facilite businesses with minimum regulation: Sitharaman
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Budget 21-22: A Blueprint For Growth
The Budget, while laying out a national blueprint for overall growth, reiterates its focus on Housing for All and affordable housing
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Expectations Of Taxpayers From Budget 2021
A tax rate jump of 5% to 20% at the barrier of ₹5 lakh is a big leap affecting the mind-set of taxpayers. The taxation at the barrier point of ₹5 lakh needs to be revisited in the old regime.
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