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GST Council News

GST data, GST collection, revenue, finance ministry, monthly collection, services, import

February GST collection a tad below Rs 1.5 lakh cr; up 12% on-year, above Rs 1.4 lakh cr for 12 months in a row

The government’s GST collection in February rose 12% on-year to Rs 149,577 crore – 12th straight month of the collection…

March 1, 2023 15:01 IST

Raab, what is Raab, GST, GST relief, good and service tax, what is GST, what is Raab, Raab benefits, lifestyle

What is Raab? The food item that has got GST relief? Know its benefit

Apart from raab, GST has been reduced on pencil sharpeners and certain tracking devices, etc.

February 20, 2023 09:00 IST

GST Council Meeting: Amnesty for delayed filings, measures to facilitate trade, compensation dues to be cleared

The Council has also proposed measures to facilitate trade, to enhance the initial collection of revenue and agreed to adopt…

February 19, 2023 14:29 IST

GST Council meeting starts; key matters on agenda

The items, which could not be discussed by the Council in its last meeting on December 17, 2022, would top…

February 18, 2023 13:53 IST

GST, GST Council, MSMEs, Amit Mitra, Economy

Amit Mitra seeks special GST Council meet on MSMEs

MSMEs at the grassroot level are facing challenges relating to compliance for returns, registrations, invoices, goods movement as well as…

February 18, 2023 01:45 IST

49th GST Council Meet: Will gaming, tobacco and affordable housing see an overhaul in taxation?

Ideally, the items, which could not be part of the discussion by the Council in its last meeting, would top…

February 17, 2023 14:33 IST

GST Council meeting announced for this month, to review GST on cement; check date, other agenda

At a post-budget Confederation of Indian Industry (CII) event, Sitharaman suggested that the GST cut could be a possible step…

Updated: February 10, 2023 17:10 IST

GST, Tax, Banks, Central GST, Taxpayers, Economy

No full GST recovery from firms under insolvency: CBIC

Commissioner will intimate reduced tax demand to NCLT.

December 29, 2022 02:00 IST

GST Council may meet in February; tribunal high on agenda

Experts also noted that the setting up of the GST Tribunals is a long pending agenda, given that the indirect…

December 19, 2022 04:00 IST

GST, Taxes, Home buyers, GST refund, GST rules, GST refunds, Goods and Services Tax Council, Economy

Home buyers can seek GST refunds if contract cancelled

The GST Council approved a formal procedure for home buyers to seek refund of taxes collected by real estate firms…

December 19, 2022 01:05 IST

Top 5, highest selling, SUVs, October, Tata Nexon,

Auto industry body hails GST Council’s clarification on definition of SUVs

SIAM in a statement said this has brought in a clarity that higher rate of compensation cess of 22 per,…

December 18, 2022 15:29 IST

GST panel relaxes prosecution norms

With regard to decriminalisation under GST, the council decided to raise the minimum threshold of tax amount for launching prosecution…

December 18, 2022 06:00 IST

GST Council doubles limit for launching prosecution to Rs 2 cr; defines SUVs for 22 pc cess

The issue of mechanism to curb tax evasion in pan masala and gutkha businesses could also not be taken up.

Updated: December 17, 2022 17:59 IST

Online gaming industry for 28% GST on gross gaming revenue not on entry amount

There are reports that upcoming GST Council may consider imposing a 28 per cent Goods and Services Tax (GST) on…

December 8, 2022 15:49 IST

GST Council to discuss circular trading, de-criminalisation

Recently, the Bombay High Court had also issued a show cause notice to the Maharashtra GST department for arresting a…

December 8, 2022 01:45 IST

Tax buoyancy, tax collection, revenue secretary, tarun bajaj

‘Windfall gains tax will be reviewed if prices go down,’ says Revenue Secretary Tarun Bajaj

If windfall gains continue, the tax will continue. It will be reviewed if the gains go away or crude oil…

Updated: December 1, 2022 01:08 IST

Convene GST Council soon: West Bengal

Officials attribute the delay in the GST Council meeting to GoMs on online gaming and another on GST tribunals, whose…

Updated: November 17, 2022 07:14 IST

GST appellate tribunals likely to be set up by December 2023

The appellate body will be headed by a judge from the Supreme Court or the Chief Justice of a high…

November 15, 2022 04:05 IST

GST Council must meet every quarter: Tamil Nadu FM

Thiagarajan expressed concerns over the way the GST Council is functioning.

November 8, 2022 02:45 IST

GST Council meeting delayed to November-December

Report of GoM on online gaming still awaited

October 20, 2022 03:30 IST

GST Council meet may be postponed to October

The report has not been submitted so far, even though the GoM was planning to do so by September 16.

September 20, 2022 01:05 IST

GST, gst collection, sgst, state gst collection

Delhi GST collection jumps 21% on-year to Rs 4,349 crore in August on strong business activity, consumption

The Delhi government registered an incremental rise in GST collection in the first quarter of FY23. The state’s GST revenue…

September 14, 2022 12:01 IST

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