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GST Council focus now on easing compliance, curbing tax evasion

GST Council focus now on easing compliance, curbing tax evasion

🕔21:31, 21.Jun 2019

New Delhi, June 21  With the Goods and Services Tax (GST) regime stabilizing after a series of rate rationalizations, the focus of the government has now clearly shifted to easing the compliance burden and containing tax evasion. In its 35th

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GST Council to meet on June 20 amid hopes of rate cuts

GST Council to meet on June 20 amid hopes of rate cuts

🕔08:03, 12.Jun 2019

New Delhi, June 12  Ahead of the Union Budget, the all-powerful GST Council will meet on June 20 and discuss the proposal to fix Rs 50 crore as the turnover threshold for entities to generate e-invoices on a centralised portal

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GST cut will boost housing, input tax credit to sting, say industry, experts

GST cut will boost housing, input tax credit to sting, say industry, experts

🕔11:55, 25.Feb 2019

New Delhi, Feb 25  The housing industry on Sunday hailed the decision of the GST council to lower tax on under-construction housing properties to 5 per cent from 12 per cent, and on affordable housing to 1 per cent from

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GST council cuts tax on under-construction houses to 5%, industry responds with caution

GST council cuts tax on under-construction houses to 5%, industry responds with caution

🕔11:51, 25.Feb 2019

New Delhi, Feb 25  In a big relief to the realty sector and homebuyers, the GST council on Sunday lowered tax on under-construction properties to 5 per cent from 12 per cent, and affordable housing projects to 1 per cent

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GST Council to meet on Sunday, consider housing relief

GST Council to meet on Sunday, consider housing relief

🕔18:12, 20.Feb 2019

New Delhi, Feb 20  The GST Council, which met briefly through video-conference on Wednesday, will next be meeting on Sunday to take up real estate issues. Meanwhile, the Council has extended the deadline to file 3B returns by two days.

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GST Composition Scheme : Rs 1.5 cr threshhold from 2019-20

GST Composition Scheme : Rs 1.5 cr threshhold from 2019-20

🕔23:42, 10.Jan 2019

New Delhi, Jan 10 (IANS) In a further relief to the micro, small and medium (MSME) sector, the threshhold limit for eligibility under the GST Composition Scheme was raised to Rs 1.5 crore, from Rs 1 crore, by the GST Council

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GST exemption threshold doubled, Kerala allowed to impose calamity cess

GST exemption threshold doubled, Kerala allowed to impose calamity cess

🕔23:35, 10.Jan 2019

New Delhi, Jan 10 (IANS) In a major relief for MSMEs and small businesses, the GST Council on Thursday doubled the exemption threshold from Rs 20 lakh to Rs 40 lakh and raised the limit for availing the composition scheme to

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GST Council nods formation of centralised appellate authority

GST Council nods formation of centralised appellate authority

🕔09:26, 23.Dec 2018

New Delhi, Dec 22 (IANS) The GST Council on Saturday gave its approval to creation of a Centralised Appellate Authority for Advance Ruling (AAAR) by amending the GST Act. According to the Ministry of Finance, the GST Council in its 31st

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GST Council sets up GoM on imposing cess in case of disasters

GST Council sets up GoM on imposing cess in case of disasters

🕔15:16, 28.Sep 2018

New Delhi, Sep 28  The GST Council on Friday decided to set up a seven-member Group of Ministers (GoM) to look into Kerala’s demand for imposing an additional cess over GST to meet the financial requirements in case of a

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GST Council to decide on simplified GST return in July 21 meet: Goyal

GST Council to decide on simplified GST return in July 21 meet: Goyal

🕔06:39, 13.Jul 2018

New Delhi, July 13  The GST Council will discuss ease of filing returns, ease of assessment and may also consider further rationalisation of tax rates in its upcoming meeting on July 21, Finance Minister Piyush Goyal said on Thursday. He

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Next GST Council meet on July 21

Next GST Council meet on July 21

🕔20:50, 28.Jun 2018

New Delhi, June 28 The next meeting of the Goods and Services Tax (GST) Council will be held here on July 21, the government said on Thursday. It will be the 28th meeting of the Council and a host of issues

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New method of filing GST returns in 6 months, panel to examine sugar cess

New method of filing GST returns in 6 months, panel to examine sugar cess

🕔09:31, 5.May 2018

New Delhi, May 5  The GST Council on Friday decided to roll out in six months a new method of filing monthly returns and to take over ownership of the GST Network (GSTN), even as it deferred a decision on

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GST slashed on 29 items, 54 services

GST slashed on 29 items, 54 services

🕔21:15, 18.Jan 2018

New Delhi, Jan 18 (IANS) The Goods and Services Tax Council on Thursday decided to slash the GST rate on 54 services and 29 items, including old and used motor vehicles, public transport buses run on bio-fuels, sugar-boiled confectionery and packaged

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

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

🕔09:58, 11.Nov 2017

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

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

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

🕔21:39, 10.Nov 2017

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

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

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

🕔14:30, 10.Nov 2017

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

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

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

🕔18:17, 7.Nov 2017

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

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Government announces GST sops

Government announces GST sops

🕔23:34, 6.Oct 2017

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

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GST Council approves Rs 1 cr threshold for Composition Scheme

GST Council approves Rs 1 cr threshold for Composition Scheme

🕔23:33, 6.Oct 2017

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

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

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

🕔23:29, 6.Oct 2017

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

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