Page 6 - Gst Council Meet

Clarifications on shipment issues

The definition of 'turnover of zero-rated supply of goods' under Rule 89(4) of the Central GST (CGST) Rules has been amended

Industry and analysts denounce GST rate hike to 18% on mobile phones

Xiaomi MD says move could weaken demand as smartphone makers will be forced to raise prices

GST on mobile phones hiked to 18% from 12%, some relief on delayed payment

GST on MRO services on aircraft down from 18% to 5% with full input tax credit, due date for FY19 annual return extended to June 30

GST on mobile phones hiked to 18% from 12%, some relief on delayed payment

GST on MRO services on aircraft down from 18% to 5% with full input tax credit, due date for FY19 annual return extended to June 30

GST Council likely to defer simplified returns over glitches in system

Officials say that Finance Minister Nirmala Sitharaman in an outreach with taxpayers was disappointed to hear complaints about GST Network platform

GST Council meeting: Lottery scheme with up to Rs 1 cr prize to get nod

Winners will be selected by the National Payments Corporation of India

GST portal glitches to dominate agenda of Council meeting on Saturday

States may ask Infosys to have a point of contact; IT firm chairman Nilekani to a presentation on Saturday

New political landscape leaves BJP at mercy of others in GST Council

The party controls 15 states and is short of the 75% vote share needed to pass decisions

FinMin asks GST Council to form grievance redressal mechanism for taxpayers

The proposal in this regard was approved last week by the GST Council

In a first, GST Council votes, states say Centre close to sovereign default

In the Council meeting, the panel resorted to voting to decide whether a uniform tax on lotteries should be levied or a two-rate system be followed.

GST Council fixes 28% uniform tax rate for lottery effective March 2020

The panel also relaxed levy of penalty for non-filing of GSTR-1 from July 2017

GST Council may crack down on fraudulent invoices, input tax credit refunds

The law committee has proposed blocking of input tax credit for errant businesses "with the intent to safeguard government revenue''

Don't tinker with GST rates: Amit Mitra to Sitharaman ahead of Council meet

West Bengal finance minister says Council should find ways to help the industry tide over present crisis

GST Council meet may turn stormy over states' cess; Rs 50k-cr dues pending

The Centre has, so far, not given any definite timeline for making the pending compensation cess payments to states, thereby triggering a face-off between the two sides

GST council may hike rates for various items to meet revenue shortfall

The Council can explore possibility of merger of slabs to bring down the number of slabs to three, sources said.

Key decisions likely to be taken at the GST Council meeting on Friday

The Council may reset the GST rates on automobiles, hotels, biscuits, matchsticks and outdoor catering services. Listen to the podcast to know more

GST Council to review revenue position amid demand for pending compensation

The compensation requirements have increased significantly and are unlikely to be met from the compensation cess being collected, it said

Taking tourism to greater heights

The decision of the GST Council to slash tax on room rates for hotels across price-points is a sign of better things to come

GST council meet: Hotel owners and operators cheer tax reduction

Removal of compensation cess on all manufacturers of aerated drinks brought some breather for beverage majors

Serious revenue issues to arise for states after FY22: Bengal FM Amit Mitra

States' developmental expenditure has gone up from 40 per cent to 60 per cent. There is a huge burden on states