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GST Council

India 360: Government's coffers are filling during the festive season, GST collection increased

India 360: Government's coffers are filling during the festi...

Fri, Nov 03, 2023

Cover Story: There is bumper demand all around during the festive season, and the government's coffers are getting filled as GST collection is increasing significantly.

GST Council Meeting: States Raise Issue Of Retrospective Taxation On Online Gaming Companies

GST Council Meeting: States Raise Issue Of Retrospective Taxation...

Sun, Oct 08, 2023

During the 52nd GST Council meeting, states raised the issue of notices for tax demand served under the GST regime on gaming companies, with some states terming it "retrospective taxation". Chhattisgarh Deputy Chief Minister T S Singh Deo said that states like Delhi and Goa raised the issue of online gaming companies receiving a spate of GST demand notices for alleged evasion. Delhi Finance Minister Atishi said that tax notices are being sent for a much higher amount than even the estimated valuation of the gaming industry.

GST Council Meeting: Council Raises President, Members of GST Appellate Tribunal Age Limit To 70

GST Council Meeting: Council Raises President, Members of GST App...

Sat, Oct 07, 2023

The GST Council has decided to raise the upper age limit of the GST Appellate Tribunal to 70 years. This means that the president and members of the tribunal can now serve until they are 70 years old, up from the previous limit of 67 years. This is good news for taxpayers, as it will allow them to access justice for longer. In this video, we'll discuss the implications of this decision and what it means for taxpayers.

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Good news! This is how you can realise your dream home now

Good news! This is how you can realise your dream home now

Mon, Feb 25, 2019

GST Council on Sunday slashed tax rates for under-construction flats to 5 per cent and affordable homes to 1 per cent, effective April 1 to boost demand in the real estate sector. Currently, the goods and services tax (GST) is levied at 12 per cent with input tax credit (ITC) on payments made for under-construction property or ready-to-move-in flats where completion certificate is not issued at the time of sale. For affordable housing units, the existing tax rate is 8 per cent.

GST rates slashed for under-construction flats, affordable housing

GST rates slashed for under-construction flats, affordable housing

Sun, Feb 24, 2019

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.

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

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

Sun, Feb 24, 2019

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.

GST council meeting tomorrow: GST rates can become cheaper in real estate

GST council meeting tomorrow: GST rates can become cheaper in real estate

Sat, Feb 23, 2019

GST council will be holding a meeting tomorrow and GST rates can become cheaper in real estate.

GST Council defers decision on rate revision for real estate

GST Council defers decision on rate revision for real estate

Wed, Feb 20, 2019

The GST Council on Wednesday deferred the decision to consider a reduction in tax on under-construction houses to Sunday.

GST rates of under construction property to be slashed in next GST council meet: Sources

GST rates of under construction property to be slashed in next GST council meet: Sources

Wed, Feb 13, 2019

GST rates of under construction property may see a slash in rates in the next GST council meet which is due at 20th February. Watch the video to know more.

Zee Business Exclusive conversation with Anay Banhatti

Zee Business Exclusive conversation with Anay Banhatti

Fri, Jan 11, 2019

Zee Business Exclusive conversation with Anay Banhatti, economic law practice partner on GST council changes.

GST Council Meeting Updates: Exemption limit hiked for small traders; More details here

GST Council Meeting Updates: Exemption limit hiked for small traders; More details here

Thu, Jan 10, 2019

GST council meeting: The Goods and Services Tax Council met today to discuss lowering GST on under-construction flats and houses to 5 per cent, as well as hiking exemption threshold for small and medium enterprises.

News Live: GST Council to meet on January 10

News Live: GST Council to meet on January 10

Wed, Jan 09, 2019

The GST Council in its meeting on January 10 will discuss on the recommendations of the two ministerial panels. Watch video to know more information.

Tax rates on under-construction flats, houses to be slashed this week? How GST council meet may bring cheer for you; check market expectations

Tax rates on under-construction flats, houses to be slashed this week? How GST council meet may bring cheer for you; check market expectations

Mon, Jan 07, 2019

Interestingly, there is lot of action awaiting during this week’s trading, which will decide the course of Sensex and Nifty.

New Year new GST rates: These 23 items turn cheaper from January 1, 2019

New Year new GST rates: These 23 items turn cheaper from January 1, 2019

Tue, Jan 01, 2019

The GST Council on December 22 decided to cut tax rates on 23 goods and services, including movie tickets, TV and monitor screens and power banks and exempted frozen and preserved vegetables from the levy. Listen in

Modi govt's New Year gift: Movie tickets, TVs, among 23 items to get cheaper from today - Check full list

Modi govt's New Year gift: Movie tickets, TVs, among 23 items to get cheaper from today - Check full list

Tue, Jan 01, 2019

The Modi government last week announced GST rate cut on 23 goods and services, including TVs, movie tickets, and monitor screen.

GST standard rate to be fixed between 12-18% for commonly-used items: Arun Jaitley

GST standard rate to be fixed between 12-18% for commonly-used items: Arun Jaitley

Mon, Dec 24, 2018

Stating that only cement and auto parts are items of common use which remain in 28 per cent slab, Jaitley said the next priority will be to transfer cement into a lower slab. "All other building materials have already been transferred from 28 per cent to 18 per cent and 12 per cent. The sun is setting on the 28 per cent slab," he added.

What will stabilise GST system? Find out here in brief

What will stabilise GST system? Find out here in brief

Mon, Dec 24, 2018

The Goods and Services Tax (GST) Council in its 31st meeting on Saturday reduced the tax rates of 17 items and six services, including computer monitors, TV screens, video games, lithium-ion power banks, retreaded tyres, wheelchairs and cinema tickets.

Next GST Council meet in January, 2019; Housing, MSMEs on the agenda

Next GST Council meet in January, 2019; Housing, MSMEs on the agenda

Sun, Dec 23, 2018

The GST Council in its next meeting in January would consider rationalisation of tax rates on residential properties and raising the threshold limit for MSMEs from the current Rs 20 lakh, Finance Minister Arun Jaitley said Saturday.

GST Council Meeting: Rate cut move towards 2-3 tax slabs structure, says industry

GST Council Meeting: Rate cut move towards 2-3 tax slabs structure, says industry

Sun, Dec 23, 2018

GST rate cuts for commonly used products across all tax slabs will provide a much-awaited relief and shows the GST Council's intention to move towards just 2-3 tax bracket structure, industry said Saturday.

GST Council Meeting: CEAMA welcomes GST rate cut for TVs

GST Council Meeting: CEAMA welcomes GST rate cut for TVs

Sun, Dec 23, 2018

The GST Council in its meeting held on Saturday reduced tax rates on monitors and TV screens up to 32-inches

PM Modi govt gift! You can save more money now! Movie tickets, air travel, TVs become cheaper after GST Council meet

PM Modi govt gift! You can save more money now! Movie tickets, air travel, TVs become cheaper after GST Council meet

Sat, Dec 22, 2018

The GST Council slashed rates on common items like computer monitors, power banks, LED TVs, movie tickets and also religious air travel.

GST Rates Highlights 2018: How you are impacted after Arun Jaitley cuts rates on 23 goods and services

GST Rates Highlights 2018: How you are impacted after Arun Jaitley cuts rates on 23 goods and services

Sat, Dec 22, 2018

GST Rates Highlights 2018: The GST Council in its meet today slashed tax rate on various goods in the 28 percent slab today. With this cut, now only 28 items are left in the highest bracket of 28 percent, Finance Minister Arun Jaitley said.

GST Council may look to rationalise 28% slab; taxes on cement may be cut

GST Council may look to rationalise 28% slab; taxes on cement may be cut

Fri, Dec 14, 2018

In the first eight months (April-November) of the current fiscal, the government has mopped up over Rs 7.76 lakh crore from GST. The 2018-19 budget had estimated annual GST collection at Rs 13.48 lakh crore, which means a monthly target of Rs 1.12 lakh crore.

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