The 47th meeting of the GST Council, headed by Union Finance Minister Nirmala Sitharaman and comprising representatives of all states and UTs, is scheduled for June 28-29. The Council is meeting after a gap of six months
GST law defines healthcare services as any service by way of diagnosis or treatment or cares for illness, injury, deformity, abnormality, or pregnancy in any...
The council in its meeting on June 28-29 is likely to consider the report of the panel of state finance ministers on the feasibility of implementation of the...
To meet the shortfall in the GST compensation fund, the Centre has borrowed and released to states Rs 1.1 lakh crore in 2020-21 and Rs 1.59 lakh crore in...
The Group of Ministers will, however, present a status report to the GST Council on the consensus which was arrived at the previous meeting of the GoM on...
The GST Council, chaired by Union Finance Minister and comprising state counterparts, is also expected to discuss certain simplifications in procedures
The top court has reaffirmed states’ rights in GST negotiations, which were available in GST laws but rarely invoked. The idea of the GST Council, whose...
The SC judgment has given states more bargaining power that they could use to improve their strained financial positions
Of this, Rs 25,000 crore is released from the GST compensation fund and the balance Rs 61,912 crore is being released by the Centre from its own resources...
The rating agency said that the data does not point to any benefits to the states in the last five years since the implementation of GST (Goods and Services...
The Goods and Services Tax (GST) regime taxes goods and services in four tax slabs of 5 per cent, 12 per cent, 18 per cent and 28 per cent
Pay-to-play online skill games are operationally different from lottery betting and gambling and GST levied may face constitutional challenges in the eye of...
A meeting of the Goods and Services Tax (GST) Council, the highest decision making body in the GST matter, is likely to be held next month
States had the power to legislate their own laws under the GST Act, but SC verdict gives clarity on what states can do to protect their rights.
The recommendations of the GST Council, as per the Constitutional amendment, were always guidance and never mandatory compliance, Bajaj said.
The bench said that as per Article 246A, both Parliament and the State legislature have equal power to legislate on matters of taxation.
Earlier in the day, the CBIC had said that a technical glitch has been reported by Infosys in the generation of April GSTR-2B and auto-population of GSTR-3B on...
The GoM is mulling 28 per cent GST on gross revenue of online gaming platforms who currently pay 18 per cent of net income.
The Goods and Services Tax (GST) Act guarantees states bi-monthly compensation for any loss of revenue in the first five years of its implementation.
Stating that views have not been sought from states on hiking rates on 143 items, sources said, there is also no proposal to shift more than half of the items...
The Group of Ministers (GoM) will deliberate and finalize recommendations which will be sent to the GST Council, headed by Finance Minister Nirmala Sitharaman...
Currently, GST is a four-tier structure of 5, 12, 18 and 28 per cent. Besides, gold and gold jewellery attract a 3 per cent tax.
The government on March 31 notified the GST rates that would be applicable from April 1.
The revenues for of March are 15% higher than the GST revenues in the same month last year and 46% higher than the GST revenues in March 2020, finance ministry...
Tax authorities have busted different rackets exposing tax evasion through false claims to the tune of Rs 40,000 crore over the last one year
