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
The committee will meet once every quarter or more frequently as decided by the co-chairs.
26 Dec 2019 11:47 AM
The panel also relaxed levy of penalty for non-filing of GSTR-1 from July 2017.
19 Dec 2019 9:17 AM
The panel voted in favour of a single GST rate of 28 per cent for lotteries.
19 Dec 2019 6:22 AM
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
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
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
At present, 60 per cent of auto components are taxed at 18 per cent.
21 Sep 2019 12:17 PM
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
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
The proposed GST tax cuts will have limited impact on government revenue.
20 Sep 2019 12:12 PM
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
The GST Council consists of the finance ministers of Centre and all the states, decides on tax rates.
14 Sep 2019 10:42 AM
The argument propagated has been to boost the consumption and the domestic demand by reducing GST rates further.
13 Sep 2019 7:19 PM
The council also approved GST exemption for hiring of electric buses by local authorities.
27 Jul 2019 1:06 PM
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
The two-year period for keeping petroleum products outside GST is almost over.
25 Jul 2019 1:34 PM
Budget FY2020 should break this dismal trend and increase capital expenditure to 2 per cent of projected GDP.
30 Jun 2019 7:02 AM
Dialogue between the commission and GST council to address various concerns on the taxation regime.
25 Jun 2019 8:28 PM
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