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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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GST Council to meet on June 3 to fix more rates: Meghwal

GST Council to meet on June 3 to fix more rates: Meghwal

Thu, Jun 01, 2017

Meghwal noted that the decisions taken so far by the GST Council are not based on majority, but on the basis of consensus among all state Finance Ministers.

Not ruling out rationalisation of GST rates: Revenue Secretary

Not ruling out rationalisation of GST rates: Revenue Secretary

Tue, May 30, 2017

Adhia also said the GST may push India's GDP up by more than 4 per cent because of the simplicity and predictability of the new indirect tax regime, which will encourage people to be tax compliant.

States could potentially earn Rs 45,000 crore from GST

States could potentially earn Rs 45,000 crore from GST

Tue, May 30, 2017

India has adopted a dual GST model, where there will be 2 levels of taxes that would be levied separately by the Central Government and State Governments.

GST Impact: TV, AC to cost more, smartphones & small cars to be cheaper

GST Impact: TV, AC to cost more, smartphones & small cars to be cheaper

Sun, May 28, 2017

As the government will implement the GST on July 1 consumer durables like TV, AC, washing machines and refrigerators will cost more, while smartphones, small cars and daily use items will turn cheaper.

GST to be best achievement of PM Narendra Modi government: Assocham

GST to be best achievement of PM Narendra Modi government: Assocham

Sun, May 21, 2017

As India's prime minister Narendra Modi has completed his three years of tenure this May industry organisation Assocham has said the implementation of the GST in the next few weeks would be the biggest achievement of the prime minister.

SMEs in steel sector hope lower GST on coal will boost margins

SMEs in steel sector hope lower GST on coal will boost margins

Sun, May 21, 2017

The small and medium-sized enterprises (SMEs) in the steel sector are hopeful that the government's tax slab of 5% on coal under the GST will help to increase their production and profit margins.

GST Impact: Consumer durable firms expect sales of TVs, refrigerators & ACs to dip in July-August, says CEAMA

GST Impact: Consumer durable firms expect sales of TVs, refrigerators & ACs to dip in July-August, says CEAMA

Sun, May 21, 2017

According to Consumer Electronics and Appliances Manufacturers Association (CEAMA), consumer durable firms are expecting sales of TVs, refrigerators and ACs to be impacted in July-August once the GST comes into implementation on July 1.

GST to cut inflation by 2%, create buoyancy in economy, says Revenue Secretary Hasmukh Adhia

GST to cut inflation by 2%, create buoyancy in economy, says Revenue Secretary Hasmukh Adhia

Sun, May 21, 2017

Revenue Secretary Dr Hasmukh Adhia has said that the government's soon-to-be-implemented goods and services tax (GST) will lead to fall in the country's inflation by 2% and will not rise on account of special care taken by the Finance Ministry to keep inflation under control.

GST Impact: Theme park & IPL visit to attract 28% tax; animal slaughtering & vet clinics exempt

GST Impact: Theme park & IPL visit to attract 28% tax; animal slaughtering & vet clinics exempt

Sat, May 20, 2017

The government has set 28% levy on visit to theme parks and sporting events like IPL while it has exempted animal slaughtering and services provided by veterinary clinics under the new GST tax, which will be implemented from July 1 this year.

GST to help improve India's exports, says Commerce Minister Nirmala Sitharaman

GST to help improve India's exports, says Commerce Minister Nirmala Sitharaman

Sat, May 20, 2017

Commerce Minister Nirmala Sitharaman on Saturday has said that government's implementation of the GST on July 1 this year will help India to improve its exports.

GST rate finalized on all goods in the second day meet of GST council

GST rate finalized on all goods in the second day meet of GST council

Sat, May 20, 2017

GST rate finalized on all goods in the second day meet of GST council. Watch this special segment and get to know more here.

GST Impact: Telecom services, mobile phones to be expensive from July 1

GST Impact: Telecom services, mobile phones to be expensive from July 1

Sat, May 20, 2017

According to experts, the telecom services and mobile handset prices will go up from July 1 once the new GST tax comes into effect as the government has finalised 18% tax on services provided by telecom operators as against 15% at present.

Economy class air travel set to become cheaper from July 1; Govt fixes tax rate at 5%

Economy class air travel set to become cheaper from July 1; Govt fixes tax rate at 5%

Sat, May 20, 2017

The economy class air travel in airlines is set to become cheaper while the business class will become dearer with the implementation of GST from July 1 as the government has lowered the tax rate on air fares of economy class while it has increased the tax rate on air fares of business class.

FMCG smiles: Colgate biggest beneficiary of GST; Patanjali, Dabur may cut rates, others neutral

FMCG smiles: Colgate biggest beneficiary of GST; Patanjali, Dabur may cut rates, others neutral

Fri, May 19, 2017

Win some lose some attitude with the companies today after the GST Council decided on the GST rates on Thursday. Clear cut beneficiaries of the GST rates arise, Kotak Security analysts said while others may have to dip into profits to cut rates.

GST: A complete guide on products and services getting cheaper or expensive from July 1

GST: A complete guide on products and services getting cheaper or expensive from July 1

Fri, May 19, 2017

In the 14th GST Council meet held at Srinagar, Jammu & Kashmir on May 18, 2017, the Council decided the tax rates for 1,211 items. Majority of the essential goods such as food grains and personal care products have been brought into a lower tax slab under GST.

GST Council finalises tax rates on 80-90% goods, services

GST Council finalises tax rates on 80-90% goods, services

Thu, May 18, 2017

The Council, headed by Union Finance Minister Arun Jaitley and comprising representatives of all states, in the opening session of the two-day meeting also approved rules for the Goods and Services Tax (GST) regime that is scheduled to kick in from July 1.

Arun Jaitley promises GST help for J&K in sync with special status

Arun Jaitley promises GST help for J&K in sync with special status

Thu, May 18, 2017

Jaitley promised that the Centre will do all it can in restructuring the GST implementation for Jammu and Kashmir keeping in mind the special status of the state, an official spokesman said here.

Jammu & Kashmit GST Council meet begins today

Jammu & Kashmit GST Council meet begins today

Thu, May 18, 2017

The GST Council headed by Jaitley is meeting here to take a final call on the new taxation regime and finalise the rates of different commodities and services.

GST cloud hangs over excise mop-up as dealers hold up tight

GST cloud hangs over excise mop-up as dealers hold up tight

Sun, May 14, 2017

The collections of excise duty may take hit as dealers are refraining from purchasing goods from manufacturers as they are not sure about tax credits and rates under GST, which is slated for July 1 launch.

Mid-term foreign trade policy to be out before GST roll out: Nirmala Sitharaman

Mid-term foreign trade policy to be out before GST roll out: Nirmala Sitharaman

Sat, May 06, 2017

Commerce Minister Nirmala Sitharaman on Saturday said that the revised mid-term foreign trade policy (FTP) is to be announced few days ahead of July 1 before the roll out of GST.

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