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Latest Articles in gst council

GST Council Recommendations Not Binding On Centre, States: SC

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

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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.

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

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

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

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.

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

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

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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.

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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.

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Amit Mitra urges PM Modi to call GST council meet

The union government had notified an increase in GST on natural fibre products from 5 per cent to 12 per cent, including apparels in the lower tax bracket with effect from January 1, 2022.

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'No Recommendation By GST Council To Bring Petroleum Products Under GST'

Excise duty on petroleum products is calibrated time to time for generating resources for infrastructure and other developmental items of expenditure, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha.

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About Rs 52,000 Cr GST Compensation Pending To States Till Sept: FinMin

This includes Rs 13,153 crore pending to Maharashtra, Rs 5,441 crore to Uttar Pradesh, Rs 4,943 crore to Tamil Nadu, Rs 4,647 crore to Delhi and Rs 3,528 crore to Karnataka.

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Grants, Non-philanthropic Donations To Attract 18% GST, Says AAR

It undertakes supply of services to 50 orphans and homeless children by way of shelter, education, guidance, clothing, food, and health for the women and child welfare.

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Reduction In GST, Subsidy On Conversion Kits To Push Auto LPG Growth

"Not only is auto LPG 40-50 per cent cheaper than the carbon-based petrol and diesel, but its emissions are also negligible as compared to the conventional fuels. So, adoption of auto LPG leads to purer air and cleaner environment, reduced public health burden and lower mobility cost," it said.

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Petroleum Products To Remain Outside GST Regime; Food Delivery Apps to Collect & Deposit GST

Petroleum products will continue to remain outside the ambit of GST regime as many states have opposed the idea of bringing them under the GST regime. Food Delivery App to collect and deposit the 5 per cent GST effective 01 January 2022 instead of the restaurant and several more decisions taken on Friday by the GST Council

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GST Council: Kerala To Oppose Move To Increase Tax On Coconut Oil

According to them, a hike in the tax on coconut oil will pave the way for the rise in prices of coconut oil, which is the major edible oil item in Kerala and parts of Tamil Nadu and Karnataka.

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GST Council May Discuss Proposal To Include Diesel, Petrol In One Regime

Presently, only 5 fuels come under the central excise, cess and state VAT which lead the Centre and the states governments to register huge revenues.

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