Page 10 - Gst Council Meet

Jaitley to chair 21st GST Council meet; review of luxury car cess on agenda

GST, the four-tier tax structure of 5, 12, 18 and 28 percent came into force on July 1

GST Council meet today: Packaged food without trademark may face 5% tax

Hyderabad, September 8Packaged food items sold under a brand name without a registered trademark may also face goods and services tax (GST) rate of 5 per cent. This is among the issues likely to be taken up at the GST Council meeting on Saturday. Other items on the agenda for the day-long meeting in Hyderabad include re-opening of composition scheme window, hike in cess on cars, correction of anomaly in rates of certain goods.Finance Minister Arun Jaitley is learnt to have assured representatives of branded food companies with registered trademarks that the government will rectify the anomaly in the Council meeting on Saturday. Widening the definition of 'brands' by the Council will end the exemption for a lot of packaged food players who have a logo and a brand name but have not applied for a trademark. The registered trademark players, especially rice companies, which face a 5% GST, have protested against the misuse of provision by certain companies, putting them at a disadvantage. .

GST Council may fix tax anomalies, cess hike on cars tomorrow

GST council will also take up IT related issues in the GST network which has faced glitches

GST Council to meet in Hyderabad on Saturday

GST council announced anti-profiteering screening committees would be set up to give effect to NAPA

GST Council clears e-way bill, cuts tax on tractor parts textile job work

Rates for tractor parts, textile job work at 18% & 5%; date of e-way bill application to be out soon

GST Council meet: Rollout to rule changes, decisions explained in 12 points

July 1 rollout now certain; Council eases timeline for filing of returns for July and August