The council also decided to a withdraw a circular issued in June which prescribed that the additional discount given by a company to a dealer in certain cases will be liable for Goods and Services Tax
Exemption from the GST has been given to imports of specified defence goods that are not manufactured in India
GST on railway wagons, coaches increased to 12% from 5%
Here's a look at the top stocks that may trade actively in today's trading session.
From crucial GST meeting to PSBs holding public meeting for loans, here are the top news headlines on Friday
From GST Council meet to Vivo V17 Pro launch in India, here are some of the most important news events scheduled for today
There have been demands pouring in from various sectors - from biscuits to automobiles and FMCG to hotels - to reduce tax rates in the wake of economic slowdown
Fitment panel does not favour rate reduction for vehicles, biscuits
There have been demands pouring in from various sectors from biscuits to automobiles and FMCG to hotels to reduce tax rates in the wake of perceived economic slowdown
The government is examining a rate reduction for such vehicles by doing away with the cess, which will bring down the tax incidence from 43% to 28%
Hiring of electric buses (of carrying capacity of more than 12 passengers) by local authorities was exempted from GST
The GST Council has also approved exemption from GST on hiring of electric buses by local authorities
West Bengal Finance Minister Amit Mitra had on Tuesday written to Sitharaman objecting to a hurriedly called 'single agenda meeting'
Issues related to the tax structure for solar projects, reduction in tax rate on electric vehicles, and more are expected to be discussed during Sitharaman's first Council meeting
No input tax credit to lapse, but developers need to do the math
GST Council will discuss the implementation of the new e-way bill for inter and intra-state movement of goods
In its final recommendations on real estate, a GoM had favoured lowering GST rates on under-construction houses from 12% with input tax credit to 5% without input tax credit
The GoM also recommended a composition scheme for service providers with an annual turnover up to Rs 50 lakhs
Govt clarified saying that 70% of the gross value of project shall be deemed as the value of supply of said goods attracting 5% rate
The buzz prior to the meet was that air conditioners would be shifted from 28 per cent to 18 per cent in line with appliances such as washing machines and refrigerators