GST Council

Latest articles

13h
dna
Why Gujarat election results will set tone for future politicswere angry over the lack of clarity and frequent changes in tax slabs. The ang
dna / Posted 13 hours ago
were angry over the lack of clarity and frequent changes in tax slabs. The anger, however, subsided a little following the GST Council meeting on November 10, wherein nearly 200 items were removed from the highest tax slab of 28 per... Read more
25 related articles
23h
The Hindu
GST:way bill to help monitor interstate movement of goodsof goods will be tracked with the introduction of the e-way bill system under t
The Hindu / Posted 23 hours ago
of goods will be tracked with the introduction of the e-way bill system under the Goods and Services Tax regime, the GST Council decided at its 24th meeting on Saturday. The nationwide e-way bill system will be rolled out on a trial basis... Read more
2 related articles
1d
Business Standard India
GST Council firm on e-way Bill despite traders' concernits uniform pan-India implementation (covering goods movements within states to
Business Standard India / Posted yesterday
its uniform pan-India implementation (covering goods movements within states too) will come into effect by June 1, the GST Council decided at a meeting held through video-conferencing on Saturday. The e-way Bill, resisted by businesses so far,... Read more
1d
The Hindu
From jail term to Madhu Koda to 'youthquake': top stories of the dayfor the benefit of the north-east had gained momentum and that his government w
The Hindu / Posted yesterday
for the benefit of the north-east had gained momentum and that his government was committed to developing the region.GST Council clears e-way bill mechanism; to be rolled out by June 1 In a bid to plug gaps, the all-powerful GST Council on... Read more
1d
The Hindu
GST Council clears e-way bill mechanism; to be rolled out by June 1In a bid to plug gaps, the all-powerful GST Council on Saturday decided to impl
The Hindu / Posted yesterday
In a bid to plug gaps, the all-powerful GST Council on Saturday decided to implement the e-way bill mechanism throughout the country by June 1 after reviewing the readiness of the IT network. Under the e-way bill system, goods worth more than ₹... Read more
2 related articles
1d
Business Standard India
GST Council approves mandatory inter-state e-Way Bill compliance from Feb 1The Goods and Services Tax (GST) Council on Saturday approved mandatory complia
Business Standard India / Posted yesterday
The Goods and Services Tax (GST) Council on Saturday approved mandatory compliance of e-Way Bill for inter-state movement of goods from February 1, sources said here. Some states might roll out both inter-state and intra-state e-Way Bill from... Read more
2d
asianage
GST Council to meet tomorrow; discuss roll out of e-way billNew Delhi: The all-powerful GST Council will meet on Saturday to discuss early
asianage / Posted 2 days ago
New Delhi: The all-powerful GST Council will meet on Saturday to discuss early implementation of e-way bill as well as ways to plug tax evasion. Headed by Finance Minister Arun Jaitley, the meeting will be held via video conferencing and deliberate... Read more
2 related articles
2d
Business Standard India
Government ignored warnings over GST rolloutset to be a test of Modi's political fortunes ahead of national elections due b
Business Standard India / Posted 2 days ago
set to be a test of Modi's political fortunes ahead of national elections due by 2019. In one of the latest changes, the GST Council, a political body that decides GST tax rates, cut the tax rate on a popular Gujarati snack to 5 percent from 12... Read more
2d
Business Standard India
Consensus 'intact' in GST Council despite Sushil Modi, Mitra differencesThere have always been differences on political lines in the GST Council, but t
Business Standard India / Posted 2 days ago
There have always been differences on political lines in the GST Council, but that has not come in the way of building a consensus on various decisions, be it the rate cuts or simplifying the procedures. Differences aired by Bihar Finance Minister... Read more
2d
Business Standard India
GST may cover fuel, power: Sushil Modi“Electricity, real estate, stamp duty, and petroleum products should become par
Business Standard India / Posted 2 days ago
“Electricity, real estate, stamp duty, and petroleum products should become part of the GST. This will be our (GST Council’s) endeavour,” Modi said, at the annual meeting of the Federation of Indian Chambers of Commerce and Industry. He added it... Read more
2d
Business Standard India
Cotton ginners on strike today against GSTin protest at the five per cent goods and services tax (GST) on cotton. While
Business Standard India / Posted 2 days ago
in protest at the five per cent goods and services tax (GST) on cotton. While implementing the new tax since July 1, the GST Council had levied a five per cent rate through the Reverse Charge Mechanism (RCM) on all agricultural commodities, later... Read more
2d
The Hindu
GST collections could rise on e-way bills: FMtax,” he said on GST. Similarly, he referred to talk about small enterprises b
The Hindu / Posted 2 days ago
tax,” he said on GST. Similarly, he referred to talk about small enterprises being impacted by the GST, and said the GST Council had proposed a composition scheme to levy 1% tax on enterprises with a turnover of upto a ₹1.5 crore. “Now,... Read more
3d
asianage
Council may bring petrol, realty under GST in future: Sushil ModiNew Delhi: All powerful GST Council will consider bringing electricity, petrole
asianage / Posted 3 days ago
New Delhi: All powerful GST Council will consider bringing electricity, petroleum products and some other items under the ambit of GST in future, Bihar Finance Minister Sushil Modi said here. "Electricity, real estate, stamp duty and petroleum... Read more
3d
Business Standard India
GDP growth to recover to 7% in next few quarters: Standard Chartered reportit said adding this would need to be sustained over the next 9-12 months in ord
Business Standard India / Posted 3 days ago
it said adding this would need to be sustained over the next 9-12 months in order to achieve a better GST framework. The GST Council (the decision-making body for GST issues) will also have to strike the right balance between ensuring that the... Read more
2 related articles
3d
Business Standard India
Council may bring petrol, real estate under GST in future: Sushil Modireal estate, stamp duty and petroleum products should become part of GST (Goods
Business Standard India / Posted 3 days ago
real estate, stamp duty and petroleum products should become part of GST (Goods and Services Tax). This would be our (GST Council) endeavour," he said at the annual meet of industry chamber Ficci. He, however, said it would be difficult to... Read more
3d
asianage
India's growth to recover to 7 per cent in next few quartersit said adding this would need to be sustained over the next 9-12 months in ord
asianage / Posted 3 days ago
it said adding this would need to be sustained over the next 9-12 months in order to achieve a better GST framework. The GST Council (the decision-making body for GST issues) will also have to strike the right balance between ensuring that the... Read more
6d
asianage
India's economy expected to grow at 7.5 pc in 2018: Nomurathe positive effects of bank recapitalisation, a positive remonetisation impuls
asianage / Posted 6 days ago
the positive effects of bank recapitalisation, a positive remonetisation impulse and a positive fiscal impulse. The GST council was addressing the supply disruption concerns, it said. The council has raised the eligibility limit under the... Read more
6d
Business Standard India
Digital industry demands removal of tax anomaliesin goods and services tax (GST) rates on digital goods and services from 18 per
Business Standard India / Posted 6 days ago
in goods and services tax (GST) rates on digital goods and services from 18 per cent to 12 per cent or even lower as the GST Council meets next month. In a recent report, the Internet and Mobile Association of India (IAMAI) wanted removing up to... Read more
7d
Business Standard India
End tax, policy flippancy and we'll double volume in 2 yrs: Merc to Centrepost-GST boost when the effective tax rates initially came down to 43 per cent.
Business Standard India / Posted 7 days ago
post-GST boost when the effective tax rates initially came down to 43 per cent. But the euphoria was short-lived as the GST Council in September jacked up the "sin cess" on large cars by 700 basis points to 50 per cent, blunting the... Read more
8d
Business Standard India
Law review panel to take final call on GST suggestions: FinMinConsequent on the decision taken at the 23rd Goods and Services Tax (GST) Counc
Business Standard India / Posted 8 days ago
Consequent on the decision taken at the 23rd Goods and Services Tax (GST) Council meeting, the Law Review Committee and the Advisory Group of the Law Review Committee were both constituted on November 2. According to CAIT General Secretary and... Read more
2 related articles
8d
Business Standard India
Sushil Modi questions relevance of Amit Mitra-led tax paneltax with GST, the EC has completed the task assigned to it," he wrote, adding t
Business Standard India / Posted 8 days ago
tax with GST, the EC has completed the task assigned to it," he wrote, adding that now the constitutionally mandated GST Council decides on tax issues. Major indirect taxes, he said, have already been subsumed by GST and "the Union Government... Read more
8d
Business Standard India
Aim is to move towards three-tier GST: Bibek DebroyGST collections slowed in September and October at Rs 92,000 crore and Rs 83,34
Business Standard India / Posted 8 days ago
GST collections slowed in September and October at Rs 92,000 crore and Rs 83,346 crore, respectively. However, with the GST Council announcing on November 10 that the rates of nearly 200 items have been slashed, November and December collections... Read more
9d
Business Standard India
Let revenue stabilise, will consider merging slabs of 12 & 18%: Sushil ModiGST Council member Sushil Kumar Modi on Friday said he is in favour of letting
Business Standard India / Posted 9 days ago
GST Council member Sushil Kumar Modi on Friday said he is in favour of letting the tax revenues stabilise before the panel considers a further rationalising of slabs. "Let revenue stabilise and tax buoyancy come, then the Council will look into... Read more
9d
Business Standard India
Complications in GST anti-profiteering rulesadditional secretary in the department of revenue, is chairman of the Authority
Business Standard India / Posted 9 days ago
additional secretary in the department of revenue, is chairman of the Authority. In its latest meeting in November, the GST Council had cut rates on a little over 200 items. As many as 176 items saw a cut from 28 per cent to 18 per cent. This... Read more
10d
The Indian Express
RBI keeps rates unchanged, warns against higher inflation, fiscal deficityear. The expected seasonal moderation in prices of vegetables and fruits, and
The Indian Express / Posted 10 days ago
year. The expected seasonal moderation in prices of vegetables and fruits, and the recent lowering of tax rates by the GST Council could mitigate upside pressures, the MPC said. “Accordingly, the MPC decided to keep the policy repo rate on... Read more
9 related articles
11d
asianage
RBI expects retail inflation to range 4.3-4.7 pc in H2 FY'18pulses continue to show a downward bias, RBI said, and going forward retail pri
asianage / Posted 11 days ago
pulses continue to show a downward bias, RBI said, and going forward retail prices may come down post Goods and Services (GST) Council decision to bring down taxes on several goods and services. The six-member Monetary Policy Committee noted that... Read more
9 related articles
11d
Business Standard India
Full text: RBI keeps repo rate unchanged at 6%, growth estimate at 6.7%is expected in near months as winter arrivals kick in. Prices of pulses have co
Business Standard India / Posted 11 days ago
is expected in near months as winter arrivals kick in. Prices of pulses have continued to show a downward bias. The GST Council in its last meeting has brought several retail goods and services to lower tax brackets, which should translate... Read more
9 related articles
11d
Business Standard India
Single authority to issue GST refund for exporters: Adhiaand states for their portion. This arrangement would also be streamlined soon,
Business Standard India / Posted 11 days ago
and states for their portion. This arrangement would also be streamlined soon, said Hasmukh Adhia, finance secretary. The GST Council had earlier decided that central officers will have 10 per cent of assessees and the states the other 90 per cent... Read more
11d
The Hindu
New India formula? — on the 15th Finance Commissionservices tax, which marks a new chapter in tax administration with both the Cen
The Hindu / Posted 11 days ago
services tax, which marks a new chapter in tax administration with both the Centre and States working together through the GST Council, makes the challenge trickier. The Centre is committed to compensating States for any revenue losses arising out... Read more
11d
Business Standard India
Tweaking the fiscal road mapministry won’t have to worry about the excise and service tax rates for the com
Business Standard India / Posted 11 days ago
ministry won’t have to worry about the excise and service tax rates for the coming year; that job now rests with the GST Council. But that advantage has been nullified by the uncertainty ... Key stories on business-standard.com are available... Read more
11d
The Hindu
Foreign Trade policy: Government announces incentives worth ₹8,450 cr to boost exportsexport-oriented country.” Finance Secretary Hasmukh Adhia said the export (inc
The Hindu / Posted 11 days ago
export-oriented country.” Finance Secretary Hasmukh Adhia said the export (incentive) package was approved by the GST Council to resolve the exporters’ problem of blockage of working capital. He further stated that input tax credit and... Read more
3 related articles
13d
The Hindu
GST effect: shaky Budget in offing?for it to prepare the Budget for financial year 2018-19, according to tax analy
The Hindu / Posted 13 days ago
for it to prepare the Budget for financial year 2018-19, according to tax analysts and government officials alike. The GST Council, in its latest meeting on November 10, announced several moves to ease the compliance burden on businesses,... Read more
14d
Business Standard India
FM Jaitley may present first post-GST Budget on February 1: Govt officialand the other for July-March period for GST and customs duty. The official sai
Business Standard India / Posted 14 days ago
and the other for July-March period for GST and customs duty. The official said that since the GST rates are decided by a GST Council, headed by the Union finance minister and comprising representatives of all states, the Budget for 2018-19 may... Read more
15d
Business Standard India
PMI manufacturing at 13-month highand stronger underlying demand conditions,” said Aashna Dodhia, economist at IH
Business Standard India / Posted 15 days ago
and stronger underlying demand conditions,” said Aashna Dodhia, economist at IHS Markit and author of the report. The GST Council had cut rates on a little over 200 items with effect from November 15. As many as 176 items saw a cut to 18 per... Read more
2 related articles
16d
The Indian Express
For ongoing projects, Railways GST-neutral, will bear extra tax burdenof the GST on July 1, railway contracts, subject to their nature, attracted a t
The Indian Express / Posted 16 days ago
of the GST on July 1, railway contracts, subject to their nature, attracted a tax bracket as high as 18 per cent. The GST Council subsequently lowered that to 12 per cent. In certain areas, sources said, work stopped for at least 15 days as... Read more
16d
Business Standard India
GST maze leaves exporters sulking for refundsIn its 22nd meeting on October 6, the Goods and Services Tax (GST) Council had
Business Standard India / Posted 16 days ago
In its 22nd meeting on October 6, the Goods and Services Tax (GST) Council had asked the government to quickly refund to exporters the Integrated GST (IGST) paid on goods exported. Finance Minister Arun Jaitley announced that refunds will start from... Read more
4 related articles
16d
Business Standard India
Newsmaker: Meet BN Sharma, the man who has had limited exposure to GSTbecause, till now, Sharma has hardly played a role in the evolution of India’s
Business Standard India / Posted 16 days ago
because, till now, Sharma has hardly played a role in the evolution of India’s most significant tax reform. Other than the GST Council, which includes the finance ministers of all states along with the Union finance minister and the minister of... Read more
16d
The Hindu
‘Patidars, OBCs and Dalits will remain with BJP’as inimical to traders and as a cause for a slowdown in job creation. These ar
The Hindu / Posted 16 days ago
as inimical to traders and as a cause for a slowdown in job creation. These are not issues here. The last meeting of the GST Council addressed most of the issues that were being raised in Gujarat as elsewhere. Till today, every chamber of... Read more
27 related articles
17d
Business Standard India
More tweaks likely to GST rulesbe permitted under the composition scheme, which offers easier compliance and a
Business Standard India / Posted 17 days ago
be permitted under the composition scheme, which offers easier compliance and a flat rate of tax for small taxpayers. The GST Council in the last meeting had hiked the threshold for the composition scheme to Rs 1.5 crore from Rs 1 crore, which... Read more
18d
Business Standard India
GST anti-profiteering body set upin boosting the confidence of consumers that the GST is a “Good and Simple Tax”
Business Standard India / Posted 18 days ago
in boosting the confidence of consumers that the GST is a “Good and Simple Tax” in the overall national interest. The GST Council has been engaged in rationalising and reducing the GST rates on a wide spectrum of goods and services. In its... Read more
19d
The Hindu
How to make GST benefits trickle down to common man?the rate of GST for restaurants to 5% and withdrew input tax credit, with Finan
The Hindu / Posted 19 days ago
the rate of GST for restaurants to 5% and withdrew input tax credit, with Finance Minister Arun Jaitley stating that the GST council decided to do away with the input tax credit as the benefit was not being passed on to the customer. Even after... Read more
19d
Business Standard India
Q2 review: Nearly 45% of corporate results are above expectationIn terms of companies, significant benefit is seen in FMCG, consumer discretion
Business Standard India / Posted 19 days ago
In terms of companies, significant benefit is seen in FMCG, consumer discretionary, building materials and restaurants. The GST council reduced items under 28% slab to 50 items from 178 items earlier, 13 items have been reduced to 12% from 18% while... Read more
19d
The Hindu
Narendra Modi to address FICCI meet; GST to get focusfrom industry, especially companies in the small and medium sector. It has also
The Hindu / Posted 19 days ago
from industry, especially companies in the small and medium sector. It has also been criticised by Opposition parties. The GST Council subsequently pared the tax rate on 178 items, leaving only 50 items in the highest rate slab of 28%. There is... Read more
20d
asianage
GST tax kitty drops to Rs 83,346 crore in November on rate cutIGST is being utilised for payment of SGST and CGST and therefore, the inflow o
asianage / Posted 20 days ago
IGST is being utilised for payment of SGST and CGST and therefore, the inflow of new taxes is low," it said. Moreover, the GST Council, earlier this month pruned majority of the items in the top 28 per cent slab and singificantly brought down rates... Read more
4 related articles
20d
Central Chronicle
GST would be made trader-friendly: Jaitleytime several developments in this regard has taken place,’ the Union Finance Mi
Central Chronicle / Posted 20 days ago
time several developments in this regard has taken place,’ the Union Finance Minister asserted. He further stated that the GST council will keep on working for bettering the indirect tax. The GST council during its 23rd meeting on November 10, has... Read more
20d
Business Standard India
Simply junk the entire GST lawLast week, Sushil Modi, a key member of the Goods and Services Tax (GST) Counci
Business Standard India / Posted 20 days ago
Last week, Sushil Modi, a key member of the Goods and Services Tax (GST) Council, said 80 per cent of all issues relating to GST rates had been addressed, with only a few more rate changes before the next financial year begins. He also said the... Read more
20d
The Hindu
Digital discount: rise in compliance burden fearedthey added that this was the least likely option due to the operational difficu
The Hindu / Posted 20 days ago
they added that this was the least likely option due to the operational difficulties it would pose, since the GST Council is at present only authorised to implement the tax rates of 0.25%, 3%, 5%, 12%, 18%, and 28%. “It is unlikely... Read more
21d
Hindustantimes.com
Centre will look into your concerns, Jaitley tells Surat textile traderscompliance. I have invited a small representatives in Delhi and put their facts
Hindustantimes.com / Posted 21 days ago
compliance. I have invited a small representatives in Delhi and put their facts before the concerned officials. The GST Council is trying for the same and we will also certainly do our best,” he said. He further said he was happy that GST... Read more
21d
Business Standard India
Govt to constitute National Anti Profiteering Authority within a weekIf input tax credit mismatches with prices raised anti-profiteering action will
Business Standard India / Posted 21 days ago
If input tax credit mismatches with prices raised anti-profiteering action will be taken against them, Adhia added. The GST Council at its 23rd meeting held on November 10, 2017, in Guwahati, had recommended the reduction of the GST rate from 28... Read more
22d
asianage
Xiaomi cuts prices on Mi Accessories due to GST ImplementationMi has also reduced prices on some products such as headphones, Air Purifier, s
asianage / Posted 22 days ago
Mi has also reduced prices on some products such as headphones, Air Purifier, selfie stick, VR Play 2 and many more. "GST council announced a GST rate cut and it's time we pass on the benefits to our beloved Mi Fans. Now you can get your... Read more
More

In this news