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Gst Council

Nirmala Sitharaman at 49th GST Council meeting

GST Council Adopts GoM Report On Setting Up Tribunals With Modifications

The Group of Ministers on Goods and Services Tax Appellate Tribunals (GSTATs) was set up in July last year under the chairmanship of Haryana deputy chief minister Dushyant Chautala

19 February 2023

GST

GST Council To Discuss GoM Reports On Appellate Tribunals, Tax Evasion By Gutkha Firms On February 18

In the next GST Council meeting, the report of the Group of Ministers (GoM) on checking tax evasion by pan masala and gutkha industry would be taken up for discussion

16 February 2023

Government to focus on widening of tax base by incorporating checks and increasing scrutiny through more administrative processes

CBIC Looking At Stricter Checks And Scrutiny To Intensify Tax Compliance

Union Budget 2023-24, presented on Wednesday, pegged GST revenue at Rs 9.56 lakh crore for FY24, an increase from the revised estimates of Rs 8.54 lakh crore for FY23

03 February 2023

49th GST Council meeting took place on February 18, 2023

GST Council Reduces Tax On Liquid Jaggery, Pencil Sharpeners

Finance Minister Sitharaman said all the GST compensation dues will be cleared, including Rs 16,982 crore for the month of June

19 February 2023

Union Finance Minister Nirmala Sitharaman

Petroleum Products Can Be Included In GST Framework Once States Agree: Finance Minister Sitharaman

Five petroleum products viz. petroleum crude, motor spirit (petrol), high speed diesel, natural gas and aviation turbine fuel have temporarily been kept out of the GST framework

15 February 2023

Construction

It Is Time For States To Turn Away From Populism And Focus On Capex

As state finances finally start looking up following a pandemic-induced dullness, increasing capital expenditure is necessary to jolt the economy, cut down fiscal deficits and improve debt levels

23 January 2023

48th meeting of the GST Council (representative image)

GST Council Meeting Starts; Key Matters On Agenda

Union Finance Minister Nirmala Sitharaman is chairing the 49th meeting of the GST Council

18 February 2023

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GST

GST Not Payable On House Rented To Proprietor For Residential Purpose: CBIC

The Central Board of Indirect Taxes and Customs (CBIC) also notified amendments in GST rates effective from January 1, 2023 for certain goods and services, as per the recommendations of the GST Council in its meeting on...

31 December 2022

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27 December 2022
No Proposal Before Government To Lower Threshold For Generating E-Invoice

No Proposal Before Government To Lower Threshold For Generating E-Invoice

Currently, businesses with a turnover of Rs 10 crore and above are required to generate an electronic invoice for all B2B transactions


17 December 2022
GST Council Recommends 5% Tax On Ethyl Alcohol From 18%

GST Council Recommends 5% Tax On Ethyl Alcohol From 18%

The Council could decide on only 8 out of the 15 agenda items due to time crunch at the 48th GST Council meeting


17 December 2022
GST Council Meet Begins; Decriminalisation Of Offences, Curbing Tax Evasion In Pan Masala, Gutkha Business On Agenda

GST Council Meet Begins; Decriminalisation Of Offences, Curbing Tax Evasion In Pan Masala, Gutkha Business On Agenda

The Council would also consider a report of tax officers and give clarity on the rate applicability in certain goods and services


16 December 2022
GST Council Meet: Decriminalisation Of Offences, Curbing Tax Evasion In Pan Masala, Gutkha Business On Agenda

GST Council Meet: Decriminalisation Of Offences, Curbing Tax Evasion In Pan Masala, Gutkha Business On Agenda

GST on online gaming and casinos may come up for deliberations as the Group of Ministers (GoM), chaired by Meghalaya Chief Minister Conrad Sangma


15 December 2022
GST: Ministerial Panel On Online Gaming, Casinos Submits Report To Sitharaman

GST: Ministerial Panel On Online Gaming, Casinos Submits Report To Sitharaman

The GST Council, chaired by Sitharaman, may take up the report in its next meeting on December 17


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13 December 2022
GST Council To Decide On Decriminalisation Of GST Offences, Setting Up Appellate Tribunals

GST Council To Decide On Decriminalisation Of GST Offences, Setting Up Appellate Tribunals

The Group of Ministers (GoM) set up by the Council to decide on GST rates on online gaming, casinos and horse racing had completed its deliberations last month


08 December 2022
Online Gaming Industry Asks For GST To Be Levied Only On Gross Gaming Revenue

Online Gaming Industry Asks For GST To Be Levied Only On Gross Gaming Revenue

According to Games24x7's co-chief executive officer Trivikraman Thampy, the industry will absorb 28 per cent Goods and Services Tax (GST) but levying the tax...


05 December 2022
GST Council To Consider Decriminalisation Of GST Law In Dec 17 Meet

GST Council To Consider Decriminalisation Of GST Law In Dec 17 Meet

The council, chaired by Union Finance Minister Nirmala Sitharaman and comprising her state counterparts, is scheduled to meet virtually on December 17


26 November 2022
Centre Might Increase CGST Target By 15% In Next Union Budget, Says Top Govt Official

Centre Might Increase CGST Target By 15% In Next Union Budget, Says Top Govt Official

It is expected that the government could exceed its tax collection targets for this financial year by over Rs 2 lakh crore


09 November 2022
Brick Makers Urge Govt To

Brick Makers Urge Govt To "Reduce Back" GST To 1%

The new GST rate is effective April 1, 2022, Omvir Singh Bhati, General Secretary of the All India Brick and Tile Manufacturers Federation (AIBTMF) told PTI on...


03 November 2022
12 More Online Gaming Companies To Get Govt Notice For Tax Evasion

12 More Online Gaming Companies To Get Govt Notice For Tax Evasion

On September 8, the GST Intelligence issued a Rs 21,000-crore tax notice against Bengaluru-based Gameskraft Technology on charges of evasion


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21 October 2022
Govt Extends Deadline For Filing September GST Return Till October 21

Govt Extends Deadline For Filing September GST Return Till October 21

Following that, the Central Board of Indirect Taxes and Customs (CBIC) had said that an extension of the due date was being considered


19 October 2022
GST Council To Meet Before Mid-November

GST Council To Meet Before Mid-November

In addition, the status on the much awaited full report of the committee tasked with rationalisation of GST rates may also come up for discussion at the 48th...


12 October 2022
Online Gaming: Segregate Amount Collected By Portals For Taxation, Suggests New Proposal

Online Gaming: Segregate Amount Collected By Portals For Taxation, Suggests New Proposal

Experts feel that segregating the amount collected at inception would be something that the online gaming industry is unlikely to be averse to.


04 October 2022
GST Council Meeting Delayed As States’ Ministers Undecided On Tax Formula On Casinos, Horse Racing And Online Games

GST Council Meeting Delayed As States’ Ministers Undecided On Tax Formula On Casinos, Horse Racing And Online Games

In May last year, the government had set up a GoM for better valuation of services of casinos, online gaming portals, and race courses for levying GST


03 August 2022
Punjab AAP Carries Out March Against 12% GST On Inns

Punjab AAP Carries Out March Against 12% GST On Inns

Punjab Chief Minister Bhagwant Mann had on Tuesday condemned the Centre for imposing GST on inns, saying it goes against the devotion of pilgrims staying at...


02 August 2022
12% GST On Inns Targets Devotion Of Pilgrims Staying At Golden Temple 'Sarais', Says Punjab CM Bhagwant Mann

12% GST On Inns Targets Devotion Of Pilgrims Staying At Golden Temple 'Sarais', Says Punjab CM Bhagwant Mann

I strongly condemn the central government's decision of levying 12 per cent GST on 'sarais' located near the Golden Temple. This tax has been imposed on the...


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