Page 2 - Gst Council

GST Council ends GST officers' arrest powers; ₹10,000 limit for notices

The council has removed the power to arrest under GST. It also raised the threshold for prosecution from ₹1 crore to ₹5 crore

GST Council to take up far reaching compliance reforms at Thursday meeting

The GST Council is expected to consider simpler compliance, faster refunds and changes to prosecution and arrest rules, with no major rate changes likely at the meeting

Nasscom flags 2 GST issues for services exports ahead of Council meet

Ahead of the GST Council meeting, IT-ITES industry body Nasscom has flagged two outstanding issues on services exports -- the treatment of services supplied through branches abroad, and R&D done in India on prototypes provided by overseas customers. Nasscom Vice President and Head of Public Policy Ashish Aggarwal, in a statement, said that Indian service exporters often serve overseas customers through branches abroad, and added that the way a company organises its overseas presence should not, by itself, decide whether a service supplied from India is treated as an export. "Clarity on this would support competitiveness, release working capital and reduce the litigation the industry has faced over the years," Aggarwal said. The Goods and Services Tax (GST) Council is scheduled to meet on October 8. According to Nasscom, another issue arises when an Indian team carries out R&D, engineering or testing on a prototype or sample that an overseas customer provides in India. "The ...

Best of Opinion: Will GST Council meet give process reforms a push?

From India-US trade negotiations and Maharashtra's drought to GST simplification and public-capital governance, today's pieces examine policy trade-offs and institutional capacity

Coming soon: Faceless assessment for businesses with CGST registrations

Move aims to address a key administrative problem faced by large businesses with operations spread across multiple locations

Proposed GST changes aim to make India's services exports more competitive

Proposed changes seek to widen the definition of services exports, ease rules around overseas branches and allow faster GST refunds through a risk-based mechanism

Giving a push to process reforms

Tomorrow's GST Council meeting may be less exciting, but no less important than the last one

GST input tax credit on group health, life insurance may boost coverage

Allowing employers to claim ITC on GST paid on group health and life insurance could lower effective costs, address a tax disparity and encourage wider employee coverage

GST Council meeting rescheduled again, to take place on October 8

The 57th GST Council meeting has been rescheduled for the second time, and the new date is October 8. In an office memorandum, the GST Council Secretariat said that the meeting is being rescheduled due to "unavoidable circumstances". The Council meeting was scheduled to be held on October 7. The GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state ministers, will, in its meeting on Thursday, discuss changes in registration, returns, and refunds mechanism. It would also discuss policy reforms to resolve GST disputes and improve the flow of input tax credit, with the aim of reducing the time and cost of compliance. According to sources, the GST Council is likely to consider sweeping process reforms to decriminalise GST offences, remove arrest powers of GST officers and make tax compliance easier for businesses, including e-commerce suppliers. This is the second time that the date of the 57th GST Council meeting has been rescheduled. The meeting, w

GST arrests may need court nod: What it could mean for taxpayers

A proposed GST rule could shift arrest powers from tax officers to courts. Here's how GST arrests work now and what could possibly change

Reforms on the cards: GST Council likely to shun mid-year rate changes

Officials expect the rate structure to be reviewed only once a year henceforth, and any changes will take effect from April 1, not in the middle of the financial year

GST Council may give export status to clinical trials for overseas sponsors

GST Council may ease tax treatment for highway concessions, e-commerce deliveries and services between foreign shipping lines and their Indian offices

GST Council may give export status to clinical trials for overseas sponsors

Proposals include ITC relief on free samples and expired drugs, while a 90% refund of accumulated credit could ease working-capital pressure for drugmakers

GST Council may set different timelines for services, capital goods refunds

The refund for capital goods is likely to be implemented from April 1, 2027. Refunds for input services are likely to take effect this year itself, once council approves

GST Council may wind up Fitment Committee, consolidate officer panels

The proposed structure will comprise the GST Secretariat, implementation committee and a single standing committee, replacing several existing panels and sectoral groups

GST Council may allow export tag for overseas contract manufacturing

Proposal seeks to address a place-of-supply anomaly by allowing export treatment for work done for overseas companies even when finished goods remain in India

Next-Gen GST and India's next phase of growth

Next-Gen GST aims to simplify compliance, support businesses and strengthen revenues as India seeks to build a more resilient economy and achieve Viksit Bharat

GST Council likely to consider sweeping process reforms on Wednesday

The GST Council is likely to consider sweeping process reforms on Wednesday to make tax compliance easier for businesses, including allowing small e-commerce sellers to use platform warehouses for GST registration, protecting genuine buyers' input tax credit and reducing low-value litigation, sources said. The proposals, part of the GST 2.0 process reforms, seek to simplify registration and return filing, make goods movement more predictable and reduce disputes between taxpayers and the tax department. One of the proposals seeks to allow small sellers using e-commerce platforms to treat the platform's warehouse as their registered place of business in states where they do not have their own premises. A seller would need a genuine presence in one state, where physical verification and Aadhaar authentication would be completed, and registrations in other states could be obtained with the consent of the e-commerce platform without further tax-officer involvement. The move could enable

GST Council to take up process reforms at October 7 meeting: FM Sitharaman

Finance Minister Nirmala Sitharaman says the GST Council will discuss e-invoicing, input tax credit rules and other process reforms during its October 7 meeting

GST Council to meet on September 12, may ease blocked ITC, refund norms

The GST Council will meet on September 12 and is likely to consider easing blocked input tax credit rules, refund norms and transfer of unutilised ITC