Wednesday, Aug 05, 2020 | Last Update : 06:38 PM IST

133rd Day Of Lockdown

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GST Council

FM gives relief to small taxpayers, halves interest on delayed filing of GST returns

No late fee will be levied for delayed filing of GST returns by registered entities with nil liability, said Sitharaman

12 Jun 2020 5:05 PM

GST Council to set up grievance redressal mechanism for taxpayers

The committee will meet once every quarter or more frequently as decided by the co-chairs.

26 Dec 2019 11:47 AM

GST Council fixes 28 per cent uniform tax rate for lottery

The panel also relaxed levy of penalty for non-filing of GSTR-1 from July 2017.

19 Dec 2019 9:17 AM

GST Council votes first time, sets 28 per cent rate on all lotteries

The panel voted in favour of a single GST rate of 28 per cent for lotteries.

19 Dec 2019 6:22 AM

GST Council to review revenue position, compensation cess on Dec 18

The meeting of all-powerful GST Council is going to be held against the backdrop of lower-than-expected GST collection.

04 Dec 2019 6:53 PM

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GST Council to review GST revenue position, compensation cess

The meeting of all powerful GST Council is expected to take place in the second half of this month to deliberate on a host of issues.

03 Dec 2019 7:37 PM

Budget 2020: FinMin seeks suggestions for rationalising income tax, other duties

The move is estimated to result in Rs 1.45 lakh crore in revenue loss for the government during 2019-20.

13 Nov 2019 3:09 PM

Auto industry has to find its own balance to enhance demand: SIAM

At present, 60 per cent of auto components are taxed at 18 per cent.

21 Sep 2019 12:17 PM

In-principle decision to link Aadhaar with GST registration

The GST Council may consider merging the two brackets 12 per cent and 18 per cent to a single bracket.

21 Sep 2019 10:42 AM

GST Council leaves auto, biscuits untouched, slaps more levy on colas

The GST Council has decided to reduce rates on outdoor catering to 5 per cent without input tax credit.

21 Sep 2019 2:47 AM

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GST panel likely to recommend tax cuts on 20-25 products: sources

The proposed GST tax cuts will have limited impact on government revenue.

20 Sep 2019 12:12 PM

GST panel unlikely to favour tax rate cut for auto sector: sources

Total annual revenue loss could be as much as 500 bn rupees if the panel decided to lower tax rates for auto sector to 18 pc from 28 pc.

18 Sep 2019 8:58 AM

RBI panel pitches for federal body like GST Council in farm sector

The GST Council consists of the finance ministers of Centre and all the states, decides on tax rates.

14 Sep 2019 10:42 AM

GST Council meets next Friday; tax rate cut to hinge on revenue position

The argument propagated has been to boost the consumption and the domestic demand by reducing GST rates further.

13 Sep 2019 7:19 PM

GST Council trims rate on electric vehicles, chargers to 5 per cent

The council also approved GST exemption for hiring of electric buses by local authorities.

27 Jul 2019 1:06 PM

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GST Council meet to decide on slashing tax rate for e-vehicles postponed

GST rate for petrol, diesel cars and hybrid vehicles are already at the highest bracket of 28 per cent plus cess.

26 Jul 2019 8:54 AM

Assocham seeks inclusion of petroleum products in GST

The two-year period for keeping petroleum products outside GST is almost over.

25 Jul 2019 1:34 PM

Marching to a new drumbeat: What to expect from Budget

Budget FY2020 should break this dismal trend and increase capital expenditure to 2 per cent of projected GDP.

30 Jun 2019 7:02 AM

15th finance panel stresses on dialogue with GST council

Dialogue between the commission and GST council to address various concerns on the taxation regime.

25 Jun 2019 8:28 PM

Sitharaman-led GST Council meet to decide on tax cut on e-vehicles, NAA extension

To push for manufacturing electric vehicles, the Council will consider slashing GST rates to 5 pc from 12 pc, an official said.

20 Jun 2019 6:49 PM

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