Page 10 - Gst Council

GST Council will decide on cement tax rate after expert study, says CBIC

NEW DELHI (Reuters) - India's Goods and Services Tax Council will decide whether to cut tax rates on cement after an expert team submits its recommendation, chairperson of the CBIC said on Friday.

GST Council meet: Tax on online gaming activities unlikely to be discussed

Council was to meet on Feb 18, but schedule may be changed

Taxes on all motor vehicles in India need to be rationalised: RC Bhargava

The taxes, however, should not be the same for different types of cars as the "regulatory burn" on small cars is higher than on bigger cars in India

Parliamentary committee recommends a GST Council-like body for RoDTEP

The Finance Ministry has allocated Rs 14,245 crore for the RoDTEP scheme in FY23, up from Rs 12,454 crore in FY22

Punjab FM opposes any increase in GST on education related goods

Describing any increase in GST on goods related to education a step against the interests of the students, Punjab Finance Minister Harpal Singh Cheema on Saturday opposed the proposal of considering the GST on pencil sharpeners at 18 per cent instead of existing slab of 12 per cent. While participating in the 48th meeting of the GST Council through video conferencing, the point raised by Cheema was also supported by the representatives of many other states, after which the decision in this regard was deferred, according to a Punjab government statement here. "Agreeing on the various recommendation made by the Fitment Committee which meet the interests of both state and nation, Finance Minister Harpal Singh Cheema gave valuable inputs during the GST Council meeting held under the chairpersonship of the Union Finance Minister Nirmala Sitharaman," said the statement. Opposing another recommendation regarding the change in GST rates for ethyl alcohol supplied to refineries for blending

LIVE: Enough foodgrain stocks to meet welfare schemes provisions, says govt

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GST Council meet: Decriminalisation of offences, gutkha biz on agenda

The GST Council in its meeting on Saturday is expected to decide on a number of issues like decriminalisation of offences under the GST law, setting up appellate tribunals and mechanism to curb tax evasion in pan masala and gutkha businesses. Besides, GST on online gaming and casinos may come up for deliberations as the Group of Ministers (GoM), chaired by Meghalaya Chief Minister Conrad Sangma, submitted its report on the issue to Finance Minister Nirmala Sitharaman on Thursday. "Union Finance Minister Smt. @nsitharaman will chair the 48th GST Council meeting via VC from New Delhi tomorrow. The meeting will be attended by MoS Finance besides Finance Ministers of States & UTs & Senior officers from Union Government & States," the Finance Ministry tweeted. The Council would also consider a report of tax officers and give clarity on the rate applicability in certain goods and services. With regard to decriminalisation of offences, the law committee of the GST Council, ...

Top Headlines: GST Council meet, exports record flat growth, and more

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GST Council meet: GoM pitches for 'specific tax levy' on pan masala, gutkha

Proposes levy on 38 such items in the range of 12-69% of retail sale price

No consensus in GoM report on GST framework for online gaming

The panel, headed by Meghalaya Chief Minister Conrad Sangma, submitted its second report to Finance Minister Nirmala Sitharaman ahead of the all-powerful GST Council meeting on Saturday

GST Council's fitment panel clarifies tax levy on SUVs, UPI transactions

Defers the classification of crypto assets under GST regime

Top Headlines: Tax levy on SUVs, tighter service norms for telcos, and more

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GST Council likely to decide on decriminalisation, appellate tribunals

The GST Council, chaired by Finance Minister Nirmala Sitharaman, is likely to decide on a number of issues such as decriminalisation of GST offences, setting up of Goods and Services Tax Appellate Tribunals and tax evasion by pan masala and gutkha companies at its meeting on December 17. According to sources, the law committee of the GST Council, comprising tax officers from the Centre and states, in a report has suggested increasing the monetary threshold for launching prosecution for GST offences. The law committee has also suggested that the fee payable by taxpayer for compounding of GST offences be lowered with a view to improving ease of doing business. However, the issue of taxation of online gaming, casinos and horse racing is unlikely to be taken up by the GST Council on Saturday as the GoM on the matter is yet to submit its report. "Usually we need to give notice to members in the GST Council before tabling any agenda. Since the report has not yet been submitted, it is ...

GST Council meeting: Panel for raising threshold for offences to Rs 2 cr

GST Council will also consider a ministerial panel report on setting up GST Appellate Tribunals

Top Headlines: No census before LS polls, HUL's health and wellbeing foray

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GST Council meeting: Trace and curb of gutkha firms' tax evasion on agenda

GoM submits recommendations on taxing pan masala, gutka on manufacturing capacity

GST Council to discuss decriminalisation at Council meet on December 17

One of the proposals before the Council is to raise the threshold limit for launching criminal proceedings under GST for offences over Rs 20 crore

GST council to consider decriminalisation of GST law in Dec 17 meet

The GST Council in its next meeting is likely to discuss decriminalisation of offences under GST law, along with raising the threshold of launching prosecution to Rs 20 crore, from Rs 5 crore at present, officials said on Monday. The council, chaired by Union Finance Minister Nirmala Sitharaman and comprising her state counterparts, is scheduled to meet virtually on December 17. The government had in September said that GST officers can launch prosecution against GST offenders in cases where the amount of evasion or misuse of input tax credit is more than Rs 5 crore. Launching of prosecution by taxmen means commencement of legal proceedings against the offender. One of the proposal before the Council is to raise the threshold limit for launching criminal proceedings under GST for offences over Rs 20 crore. Also, the property of offenders below the set threshold will not be attached, officials said. The council is also likely to consider removing those penal offences which are alre

Amit Mitra asks FM Sitharaman to urgently call GST Council meeting

Points out that under the regulations governing the all-powerful body, a meeting should be held every quarter

FM Sitharaman likely to begin pre-Budget talks from third week of November

FM Nirmala Sitharaman and senior officials will hold eight meetings in all with all stakeholders