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Pre-Packed, Labelled Cereals, Pulses, Flour Weighing More Than 25Kg Exempt From 5% GST: Finance Ministry

Pre-Packed, Labelled Cereals, Pulses, Flour Weighing More Than 25Kg Exempt From 5% GST: Finance Ministry

Last week, the government had notified that from July 18, unbranded pre-packed and labelled food items would attract 5 per cent Goods and Services Tax. So far, only branded items used to attract the levy

18 July 2022
New GST Rates To Be Applicable From Monday. Check Out Details Here

New GST Rates To Be Applicable From Monday. Check Out Details Here

Last month, the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising her state counterparts, had pruned the exemption list and...

17 July 2022

Centre Usurping GST Council Mandate With Prior Notifications, Allege Legal Experts

Official communication available in the public domain suggests that the Centre issued several notifications without any recommendations from the GST Council

Finance Ministry Seeks Industry Views On Changes In Monthly GST Payment Form

Finance Ministry Seeks Industry Views On Changes In Monthly GST Payment Form

The GST Council in its meeting last month recommended that the changes in GSTR-3B or monthly tax payment form be placed in public domain for seeking inputs and...

15 July 2022

GST: Group Of Ministers To Finalise Report On Casinos, Online Gaming By Aug 10

Officials said the Group of Ministers (GoM) held a virtual meeting on Tuesday and discussed various methods of taxation of casinos, horse racing and online...

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08 July 2022
Panel On GST Appellate Tribunal Formed, Report By Month-End

Panel On GST Appellate Tribunal Formed, Report By Month-End

The GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state ministers, had last week decided to constitute a Group of Ministers (GoM)...


05 July 2022
FICCI Seeks Zero-Rating GST On Healthcare Services

FICCI Seeks Zero-Rating GST On Healthcare Services

Sharing its views on the recommendations made in the recent GST Council meeting, the chamber said the incorporation of 5 per cent GST on room rent (exceeding...


05 July 2022
5% GST On Non-ICU Hospital Rooms Above Rs 5,000 Will Not Hit Affordable Healthcare: Revenue Secy

5% GST On Non-ICU Hospital Rooms Above Rs 5,000 Will Not Hit Affordable Healthcare: Revenue Secy

Revenue secretary Tarun Bajaj also rejected the demand for zero-rating for healthcare industry saying such "carve-outs" may generate similar demands from other...


04 July 2022
GST On Pre-Packed Labelled Food Items To Increase Traders' Compliance Burden, Raise Prices: CAIT

GST On Pre-Packed Labelled Food Items To Increase Traders' Compliance Burden, Raise Prices: CAIT

Confederation of All India Traders (CAIT) said it will appeal to Union Finance Minister Nirmala Sitharaman and the GST Council to reconsider the decision


04 July 2022
Highest 28% GST On Luxury, Sin Goods To Continue: Revenue Secretary

Highest 28% GST On Luxury, Sin Goods To Continue: Revenue Secretary

Addressing the industry leaders, Bajaj said the rate rationalisation exercise of the GST Council is a result of introspection of GST, five years after its...


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30 June 2022
'GST On Horse-trading': Cong's Jibe Over Sitharaman's Slip Of Tongue

'GST On Horse-trading': Cong's Jibe Over Sitharaman's Slip Of Tongue

The clip was from Wednesday where at a press conference the finance minister said the GST council had deferred a decision on 28 per cent tax on casinos, online...


30 June 2022
GST Registration Exemption For Online Seller With Low Turnover To Boost E-Commerce

GST Registration Exemption For Online Seller With Low Turnover To Boost E-Commerce

The GST Council has decided to ease the process for intra-state supplies made through e-commerce portals. Now such suppliers will not have to obtain GST...


29 June 2022
About Dozen States Seek Extension Of GST Compensation; No Decision Taken

About Dozen States Seek Extension Of GST Compensation; No Decision Taken

Union Finance Minister Nirmala Sitharaman said finance and other ministers of 16 states spoke on the compensation issue


29 June 2022
GST Council Meet: States Compensation, 28% Tax On Online Gaming, Casinos, Horse Racing In Agenda On Day 2

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...


28 June 2022
GST Council Clears Changes In Tax Rates Of Some Goods And Services On First Day Of Two-day Meeting

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,...


28 June 2022
Opposition-Ruled States Demand Continuation Of GST Compensation

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...


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28 June 2022
Amit Mitra Asks Centre To Take Decisions At GST Council By Consensus

Amit Mitra Asks Centre To Take Decisions At GST Council By Consensus

In a two-page letter to Sitharaman, the Principal Chief Adviser to Chief Minister Mamata Banerjee and the Finance Department, Dr Amit Mitra, cited a recent...


28 June 2022
GST Council To Discuss Removing Exemptions On Host Of Services

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...


28 June 2022
Crucial 2-Day GST Council Meeting On Compensation Period Extension For States, Rate Rationalization Begins 

Crucial 2-Day GST Council Meeting On Compensation Period Extension For States, Rate Rationalization Begins 

Opposition-ruled states are expected to raise the issue of compensation regime extension that is presently in place to bridge revenue loss to states on account...


28 June 2022
Kerala Government Will Not Back Off From Projects Aiding State's Development: Minister

Kerala Government Will Not Back Off From Projects Aiding State's Development: Minister

Radhakrishnan was answering queries regarding the financial position of Kerala on behalf of state Finance Minister K N Balagopal, who is attending a GST...


27 June 2022
Bengal Finance Minister To Attend Key GST Council Meeting In Chandigarh

Bengal Finance Minister To Attend Key GST Council Meeting In Chandigarh

In the crucial two-day GST Council meeting in Chandigarh, the state will be represented by Bengal Finance Minister Chandrima Bhattacharya.


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
GST Department May Soon Clarify On Exemptions To IVF, Tax On Honorarium Paid To Guest Anchors

GST Department May Soon Clarify On Exemptions To IVF, Tax On Honorarium Paid To Guest Anchors

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...


24 June 2022
GST Council To Consider Making E-Way Bill Mandatory For Gold, Precious Stones

GST Council To Consider Making E-Way Bill Mandatory For Gold, Precious Stones

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...


23 June 2022
States To Push For Continuing GST Compensation Beyond June; Centre To Cite Tight Revenue Position

States To Push For Continuing GST Compensation Beyond June; Centre To Cite Tight Revenue Position

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...


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