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Gst Council Meet

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Rate Tweaks To Make Up For Inefficiencies In Value Chain; States Conscious Of Inflation Impact: Nirmala Sitharaman

Stating that all states are aware of the potential impact of rate rationalization on inflation, Sitharaman said any increase in tax rates will also make up for the tax burden, which is being borne by some other activities in...

30 June 2022

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GST Council Meet: No Decision On Extending Compensation To States On Day 2

Briefing reporters about deliberations at the two-day meeting of the GST Council here, Union Finance Minister Nirmala Sitharaman said finance and other ministers of 16 states spoke on the compensation issue


GST Council Clears Changes In Tax Rates Of Some Goods And Services On First Day Of Two-day Meeting

The Council accepted the interim report by group of state finance ministers, headed by Karnataka Chief Minister Basavaraj S Bommai, on rate rationalisation, which included correction of inverted duty structure and removal of...


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Another GST Council Meeting Concludes Without Any Decision Made On Compensation Period Extension

Several states had raised the issue of compensation regime extension before the Council. The economic slowdown brought the center-state relation under stress, especially as the five-year limit to give 14 per cent...

29 June 2022

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GST Council Meet: States Compensation, 28% Tax On Online Gaming, Casinos, Horse Racing In Agenda On Day 2

On the first day, the 47th GST Council chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, decided to tweak tax rates of some goods and services, including bringing pre-packed and labeled...


Opposition-Ruled States Demand Continuation Of GST Compensation

The Goods and Services Tax (GST) was introduced on July 1, 2017, and states were assured of compensation for the revenue loss till June 2022, arising on account of the GST rollout

28 June 2022

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GST Council Defers Tax On Casinos, Lottery: Nirmala Sitharaman

A two-day meeting of the panel considered a report of the GoM but deferred a decision as Goa and some others wanted to make more submissions

29 June 2022

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GST Council To Discuss Removing Exemptions On Host Of Services

The Council, headed by Union Finance Minister Nirmala Sitharaman and including representatives of all states and UTs, will discuss the recommendations of a group of state finance ministers

28 June 2022

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28 June 2022
GST Council Meet: States' Compensation, Easier E-Commerce Suppliers' Registration, Tax Tweaks On Cards

GST Council Meet: States' Compensation, Easier E-Commerce Suppliers' Registration, Tax Tweaks On Cards

The GST Council would consider a report of the panel of state ministers on making e-way bill mandatory for intra-state movement of gold/precious stones worth...


26 June 2022
GST Council Meet: Rate Changes On Some Items On Cards, States' Compensation Tops Agenda

GST Council Meet: Rate Changes On Some Items On Cards, States' Compensation Tops Agenda

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...


24 June 2022
Officers Committee Suggests Deferment Of Decision On Levying GST On Crypto

Officers Committee Suggests Deferment Of Decision On Levying GST On Crypto

The committee of officers comprising both from Centre and states, referred to as Fitment Committee, felt that a deeper study was needed on the issues involved...


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