GST Council | The Asian Age

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In the nine months (April-December) of the current fiscal, the government has mopped up over Rs 8.71 lakh crore from GST.

GST collection falls below Rs 95,000 crore in December

The December revenue collections reflect the purchase and sales activities conducted in November.

02 Jan 2019 1:11 AM

The next GST council meeting is scheduled in January where a new composition scheme will be framed for small services providers.

GST rates may get political tinge in election year

The GST council’s fitment committee would take a final decision with all states on board.

31 Dec 2018 11:03 AM

Finance Minister Arun Jaitley (Photo: ANI)

India working towards single GST rate: Arun Jaitley

The standard rate of VAT and excise was 14.5 per cent and 12.5 per cent respectively.

25 Dec 2018 1:12 AM

GST standard rate to be fixed between 12-18 pc as revenues increase: Jaitley

The GST Council in its last meeting cut rates on 23 items, thereby trimming the 28 per cent slab.

24 Dec 2018 12:44 PM

The annual revenue implication of the rate cuts would be Rs 5,500 crore, Finance Minister Arun Jaitley said. (Photo: ANI | Twitter)

GST Council cuts rates on 23 items; movie tickets, TVs to become cheaper

The new tax rates will come into effect from January 1, 2019.

22 Dec 2018 5:29 PM

In the first eight months (April-November) of the current fiscal, the government has mopped up over Rs 7.76 lakh crore from GST.

Simplified GST return forms to be rolled out from April 1: Revenue Secretary

The 2018-19 budget had estimated annual GST collection at Rs 13.48 lakh crore, which means a monthly target of Rs 1.12 lakh crore.

04 Dec 2018 1:09 PM

Finance Minister Arun Jaitley. (Photo: Twitter | @ANI)

Need GST Council like federal institution in healthcare, farm sector: Jaitley

As many as 3 lakh poor people have benefited from Ayushman Bharat health scheme in the last one-and-a-half months.

29 Nov 2018 12:19 PM

The GST help desks will have nodal officers for trade facilitation who would guide the small businesses on their queries surrounding the GST.

CBIC to daily monitor MSME grievance on GST, sets up help desks to resolve queries

The move benefited about 93 per cent of the GST registered taxpayers.

05 Nov 2018 5:46 PM

Finance Minister Arun Jaitley. (Photo: PTI)

GST council met 30 times, took 918 decisions in 2 years

More than 96 pc of the decisions have been implemented through 294 notifications issued by central govt.

29 Oct 2018 10:31 AM

GST Council has taken 918 decisions, says FinMin

Around 96% of decisions already implemented by the ministries via 294 notifications.

29 Oct 2018 12:09 AM

GST Council in January 2017 decided that both the central and state tax administration would have the power to take intelligence-based enforcement action.

Dual jurisdiction under GST opens door for traders' harassment: CAIT

Taxpayers were assigned to Central and state officials on the basis of annual turnover.

19 Oct 2018 3:20 PM

The move would increase problems of both the government and traders as they would have to make necessary changes in their software system.

Imposition of calamity tax with GST not advisable: CAIT

CAIT in a statement said that any move to impose calamity tax with the GST will set a wrong precedent in the country.

03 Oct 2018 11:18 AM

Recently, the government had cut GST on a number of products which could have impacted its collection. (Representational image)

GST mop up rises to Rs 94,442 crore

The collections stood at Rs 94,016 crore in May, Rs 95,610 crore in June, Rs 96,483 crore in July and Rs 93,960 crore in August.

02 Oct 2018 12:29 AM

Bihar Deputy Chief Minister, Sushil Modi. (Photo: PTI)

Sushil Modi-led GoM to examine modalities for 'calamity tax' under GST

The panel would submit its report to the GST Council by October 31.

29 Sep 2018 12:39 PM

Delhi deputy chief Minister Manish Sisodia

CMs conclave in October to discuss key financial issues

Finance ministers of Andhra, Delhi & Kerala meet in capital.

29 Sep 2018 1:03 AM

The Council will hold its 30th meeting through a video-conferencing on Friday. (Representative image: Pixabay)

Cess on luxury cars may go up to help flood-hit Kerala

Kerala welcomes the suggestion of hon’ble FM for a national level cess on selected commodities.

28 Sep 2018 11:59 AM

Cabinet clears proposal to convert GST Network into govt entity

GSTN was incorporated as a private limited company on March 28, 2013 under the UPA government.

26 Sep 2018 3:43 PM

Centre favours additional cess under GST to help flood-hit Kerala

Govt may have to amend the GST law to permit imposition of a new cess in the new indirect tax regime.

21 Sep 2018 3:48 PM

Rising oil prices could cause significant inflation, dampen economic growth and alter geopolitics in multiple ways this year.

Rising fuel prices: The road ahead

US sanctions against Iran, the third biggest exporter of oil to India, make it difficult for its allies like India to manage the oil demand supply.

09 Sep 2018 6:24 AM

Goyal was speaking in the Lok Sabha after moving four bills seeking to amend the Goods and Services Tax (GST) laws for consideration and passage. (Photo: File)

GST on more items to be slashed as revenue increases: Piyush Goyal

GST Council has reduced rates on many items and services in last round. We want consumer to be burdened less by indirect tax, says minister.

09 Aug 2018 7:34 PM

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Sunil Gatade