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GST Council removes 178 items from 28% slab, only 50 left

Guwahati, Nov 11  In a major revamp of the GST tax structure, the GST Council on Friday removed 178 items from the highest 28 per cent category while cutting the tax on all restaurants outside starred-hotels to 5 per cent but withdrawing input credit...

GST Council cuts tax slab for 178 items from 28% to 18%

Guwahati, Nov 10 (IANS) Finance Minister Arun Jaitley on Friday announced that the Goods and Services Tax (GST) Council has decided to slash tax slabs for 178 items from 28 per cent to 18 per cent. “The GST Council has decided to slash tax slabs...
‘GST on 50 items of mass consumption slashed to 18%’

‘GST on 50 items of mass consumption slashed to 18%’

Guwahait, Nov 10  The GST rate on 50 items of mass consumption, that were in the 28 per cent tax slab, has been slashed to 18, Bihar Deputy Chief Minister Sushil Kumar Modi, who heads the Group of Ministers panel for tackling IT-related glitches, said...

GST Council likely to remove more items from 28% slab : Jaitley

New Delhi, Nov 7 (IANS) The GST Council is likely to consider lowering rates on various goods including on many items of daily use at its next meeting later this week, Finance Minister Arun Jaitley hinted on Tuesday. He noted that while fixing the Goods...

Government announces GST sops

New Delhi, Oct 6 (IANS) Facing severe criticism over the implementation of Goods and Services Tax, the government on Friday night announced a slew of measures to ease the concerns of traders, exporters and small business while slashing the rates on 27...

GST Council approves Rs 1 cr threshold for Composition Scheme

New Delhi, Oct 6 (IANS) The Goods and Services Tax (GST) Council on Friday raised the threshold limit for Composition Scheme to Rs 1 crore from the current Rs 75 lakh to ease tax filing for small traders. The Rs 1 crore threshold in the Composition Scheme...

GST Council reduces tax rates on 27 goods, approves quarterly return filing

New Delhi, Oct 6 (IANS) Facing severe criticism over the implementation of Goods and Services Tax, the government on Friday announced a slew of measures to ease the concerns of traders, exporters and small business while slashing the rates on 27 items...

GST Council may go for more rate revisions

New Delhi, July 17  The Goods and Services Tax (GST) Council on Monday evening will hold a meeting through video-conferencing to discuss some rate revisions “which need urgent attention”. The meeting, called at a short notice, would be chaired...

‘GST Council has to decide on petroleum, Centre for its inclusion’

New Delhi, June 30  The Centre is fully for bringing petroleum products under GST scheduled for implementing from July 1, and the GST Council will require to take a decision on taxing these as per the new indirect tax regime, Finance Minister Arun Jaitley...

GST to rollout on July 1, return deadline relaxed by 2 months

New Delhi, June 19  The GST Council on Sunday unanimously agreed on a July 1 rollout of the Goods and Services Tax regime despite some pending issues, while relaxing the return filing deadline for the first two months, and approved the rules on anti-profiteering...
GST to rollout on July 1, two-slabs for lottery, hotel rooms

GST to rollout on July 1, two-slabs for lottery, hotel rooms

New Delhi, June 19 The GST Council on Sunday unanimously agreed on July 1 rollout of the Goods and Services Tax despite some pending issues, with Union Finance Minister Arun Jaitley saying that India does not have the “luxury of time” to...

GST Council has cleared draft compensation law : Jaitley

Udaipur, Feb 18 (IANS) Finance Minister Arun Jaitley on Saturday said the Goods and Services Tax (GST) Council has cleared the draft compensation law — one of the four enabling laws under the GST constitutional amendment – and hoped the remaining...

GST Council converges on 5-28% four-slab tax rate

New Delhi, Nov 4  Conceding to stakeholders’ demands, the Goods and Services Tax Council on Thursday arrived at a consensus of four bands of tax between 5 per cent and 28 per cent, while agreeing to compensate states for losses on account of a...
Government notifies GST Council, in effect from Monday

Government notifies GST Council, in effect from Monday

New Delhi, Sep 12  Following presidential assent last week to the GST Bill, the Union Finance Ministry on Monday notified the provisions of the Constitution Amendment Act that allows for setting up the Goods and Services Tax (GST) Council. “The...