GST Council

Saturday, May 21, 2022 | Last Update : 12:59 PM IST

GST Council advice not final: SC

Parliament and the state legislatures possess equal powers to legislate on GST

20 May 2022 1:38 AM

The seven-member panel would submit a report in two months. (Photo: ANI/File)

State ministers to review GST rates

The Group of Ministers looking at rate rationalisation will review the goods and services that are exempted from taxes

28 Sep 2021 8:36 AM

Finance Minister Nirmala Sitharaman chairs the 45th GST Council meeting in Lucknow, Friday, Sept. 17, 2021. (PTI Photo)

Food delivery, cab service to become costlier, petrol, diesel still not under GST

E-commerce operators are being made liable to pay tax on transport of passengers by any type of motor vehicles

18 Sep 2021 7:03 AM

The Supreme Court concluded that the judgment of the Madras High Court needs to be affirmed and it dismissed the appeals challenging that verdict while the appeals against the judgment of the Gujarat High Court were allowed. — PTI

ITC not admissible for services: SC

Hearing appeals on the contradictory judgements by Gujarat and Madras high courts, SC urged the GST Council to take a policy decision on it

14 Sep 2021 8:43 AM

Union Finance Minister Nirmala Sitharaman speaks during a press conference after chairing the 44th GST Council meeting via video conferencing, in New Delhi, Saturday, June 12, 2021. (Photo:PTI)

GST slashed on COVID-19, black fungus medicines; 5% tax retained on vaccines

The reduced tax rates were based on a recommendation of a group of ministers, headed by Meghalaya Deputy Chief Minister Conrad Sangma

13 Jun 2021 7:38 AM

Confederation of All India Trader (CAIT) (Twitter@CAITIndia)

Commercial markets across India to remain shut on Feb 26: Traders' body CAIT

It also called for a review of the GST system and its tax slabs to simplify and rationalise it for easier compliance by traders

18 Feb 2021 8:03 PM

Finance Minister Nirmala Sitharaman. (PTI Photo)

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

The committee will be constituted for a period of 2 years and the term of each member will be for likewise.

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

The Council also rationalised tax rate on woven and non-woven bags to 18 per cent. (Photo: DC)

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

At present, lotteries run by state governments attract 12 per cent GST while those authorised by them and sold outside the state attract 28 per cent.

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

The GST Council will deliberate on the matter of GST compensation at its meeting on December 18.

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

The Council has sought suggestions, inputs or proposals as regards measures, on compliance as well as rates which would help in augmenting revenue. (Photo: DC)

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

Finance Minister Nirmala Sitharaman. (Photo: File)

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

The auto components industry too had demanded a uniform GST of 18 per cent.

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

Council also decided to a withdraw a circular issued in June which prescribed that the additional discount given by a company to a dealer.

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

The GST rate on cups, plates made from flowers, leaves and bark also has been reduced to nil.

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

State finance ministers and the federal finance minister as the chair, will shortly meet to decide on reducing tax rates to boost growth that has fallen to a six-year low.

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

In the April-July period, total tax revenues of 20 Indian states fell 7 per cent to 4.9 trillion rupees compared with the same period last year.

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 had set up the 'Internal Working Group' to understand the reasons for regional disparity and other agricultural credit related aspects.

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

However, this argument is not breaking the ground as most of the states are of the view that slowdown in these sectors is because of cyclical and structural issues and not because of GST rates, an official said. (Photo: File | Representional)

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

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Mohan Guruswamy