"gst-council"

They assert that the majority of the casualties will be concentrated in MSMEs and startups that host new-age business models.

GST Council in its meeting on Wednesday is likely to finalise the modalities for determination of supply value in online gaming

More than 120 CEOs founders of online skill gaming companies and game developers along with all the industry bodies have written to the PMO.

GST Council on Tuesday agreed to levy a 28 per cent tax on online gaming, casinos and horse racing and the tax would be levied on full face value

Finance Minister Nirmala Sitharaman said that the entire GST compensation cess for June 2022 totalling Rs 16,982 crore will be cleared

The demands were put forth by Finance Minister T Harish Rao during the 48th GST Council Meeting convened under the chairmanship of union Finance Minister Nirmala Sitaraman.

Hyderabad: It’s not the first time that strange and random things trend and catch our attention on Twitter. The hashtag #PaneerButterMasala has been trending on Twitter since Wednesday morning, and there’s a reason for that— the newly revised Goods and Services Tax (GST). The rates were revised during the two-day GST council’s 47th meeting held […]

By Dr Ranjith Reddy The process of formulating one-nation-one-tax started long ago but reached its logical conclusion by bringing the entire country under a unified indirect taxation system and, at the stroke of midnight of June 30/July 1st, GST, the biggest and landmark indirect tax reform in Independent India, became a reality. Prime Minister Narendra […]

Hyderabad: The Group of Ministers (GoM) constituted by the GST Council to examine the taxation of the online gaming industry held a meeting on May 2 and reached a consensus on increasing the tax rate from 18 per cent to 28 per cent. And in the second meeting to be held on May 18, the […]

Hyderabad: This article is in continuation of the last article on Constitutional and Statutory Bodies This article is in continuation of the last article on Constitutional and Statutory Bodies that talked about the role played by Attorney General and Advocate General in order to maintain the Supremacy of the Constitution. GST COUNCIL The GST Council […]

By Krishank Manne The union Budget 2022 is yet another moment of expectations for the corporates, salaried classes, and huge statements of targets such as doubling the income of farmers, $5 trillion economy, tax rebates, price decrease, etc. There are also requisites from the State, be it long-pending demands or contributory permissions in infrastructure building. […]

Hyderabad: Will inclusion of petrol and diesel in the GST regime bring down fuel prices? Industry experts say that the fuel prices would come down if petrol and diesel were included in the GST regime, benefitting the customers. But such a move is fraught with the danger of leading to a severe shortfall in the […]

Hyderabad: Public health groups along with doctors and economists have urged the GST Council to increase compensation cess on all tobacco products to generate additional revenue for the government. In their appeals to GST council before its meeting on September 17, they urged the council to consider an extra-ordinary measure of levying compensation cess on […]

Tax on medical grade oxygen, oxygen concentrators, ventilators, BiPAP machines and high flow nasal cannula (HFNC) devices has been cut to 5 per cent from 12 per cent.

The Council will discuss the report of the Group of Ministers, headed by Meghalaya Deputy Chief Minister Conrad Sangma, on GST concessions on relief items.

The Council, which has state ministers as members, a Group of Ministers (GoM) was set up to recommend tax relief on Covid essentials.

Congress Chief Minister Ashok Gehlot and Bhupesh Baghel have slammed the Centre for not including members from Congress ruled states in the GoM.

Look forward to the report of the Group of Ministers formed for consideration of further reductions in GST rates on Covid related essentials, says Ficci chief

New Delhi: India Inc. has largely welcomed the decisions taken by the GST Council on Friday to exempt Covid relief items from duty and easing compliance burden for taxpayers but said the measures stopped short of giving complete exemption to taxpayers from late fee payment and also missed out on providing zero rating of Covid supplies. […]

Besides discussion on tax rates, the Council may also deliberate on the estimated Rs 2.69 lakh crore that states need to be provided as per the promise in 2017.