GST slashed on 29 items, 54 services; return filing to be simpler

The changes will be effective from January 25; 15 states to start intra-state e-way bill from February 1

8:03 PM

GST Council decided to raise rates on cigarette filter rods from 12% to 18%.

7:52 PM

Click here to read the complete list of revised items

7:49 PM

GST Council cuts tax rate on domestic LPG by private companies to 5% from 18% earlier.

7:48 PM

GST Council cuts cess on vehicles for ambulance to 0% from 15% earlier.

7:47 PM

GST Council cuts tax rate on mining, drilling of natural gas to 12%

7:46 PM

GST Council cuts tax rate on velvet fabric to 5% from 12% earlier.

7:46 PM

GST Council cuts tax rate on drip irrigation system, mechanical sprayer to 12% from 18%.

7:44 PM

Council cuts GST on mehendi cones to 5% from 18% earlier

7:43 PM

GST Council cuts rates on sugar boiled confectionery to 12% from 18% earlier.

 

7:39 PM

GST Council cuts tax rate on bio-diesel to 12% from 18% earlier.

7:38 PM

GST Council cuts tax rate on drinking water packed In 20 litres bottles to 12% from 18%.

7:37 PM

Rice Bran will now attract 0% tax from 5% earlier.

7:35 PM

Motor vehicle will now attract 18% tax from earlier 28%

7:24 PM

Jaitley said discussion on including real estate and petroleum under GST not taken up today; likely to be discussed in the next meet

7:21 PM

Large amount of credit line in IGST was also discussed. GST Panel also decided to divide Rs 350 billion (Rs 35,000 crore) IGST collections between centre, states: FM Arun Jaitley after the 25 th GST Council meet.

7:20 PM

Sushil Kumar Modi says inter-state e-way bills have to be filed from February 1, penalty if not

7:17 PM

Jaitley said direct tax collections ahead of target, grew by 18.7%

7:07 PM

GST Council announced rate revisions for 29 goods and 53 services. The changes will be effective from January 25.

7:06 PM

Out of the 17,00,000 dealers that have registered for the composition scheme, only Rs 3 billion was collected, says Jaitley

7:05 PM

Jaitley said: "The composition was discussed and the collections in regard to the scheme was a matter of concern."

6:58 PM

15 states ready to implement intra-state e-way bill from February 1, says FM Arun Jaitley

6:57 PM

Arun Jaitley: GST Council took up simplication of return filing process

6:55 PM

You can watch Arun Jaitley speak live here 

6:54 PM

Arun Jaitley says, "3B Returns filing may continue and suppliers may contine to load invoices."

6:52 PM

Finance Minister Arun Jaitley is now addressing the media

6:49 PM

GST Council meeting ends.

6:49 PM

RS 350 billion (Rs 35,000 cr) of IGST will go equally to centre & states, says Jammu & Kashmir FM

6:46 PM

Some of the goods and services will be moved from the 27% bracket to 18%.

6:39 PM

Rates of 49 items rationalised 

6:38 PM

GST Council to meet in 10 days via video conferencing