Page 12 of GST council

GST Council Meet HIGHLIGHTS: GoMs to re-deliberate tax rate on online gaming, casinos by July 15, says FM

Union Finance Minister Nirmala Sitharaman began media briefing after the 47th GST Council meeting ended on Wednesday.

Updated: June 29, 2022 17:22 IST

GST Council defers decision to hike tax rate on online gaming to 28%

The tax incidence was seen increasing on online gaming substantially as the GST was proposed to be levied on on…

Updated: June 29, 2022 14:45 IST

GST council clears proposal to remove tax exemptions on some items

Opposition-ruled states have been pressing for either extension of the GST compensation regime or increasing states’ share in revenue from…

June 28, 2022 18:37 IST

GST Council to discuss removing exemptions on host of services

The Council, headed by Union Finance Minister Nirmala Sitharaman and including representatives of all states and UTs, will discuss the…

June 28, 2022 15:39 IST

GST Council meet: States’ compensation, easier e-comm suppliers’ registration, tax tweaks on cards

“The meeting is being chaired by Hon’ble Union Minister of Finance @nsitharaman and many important decisions are expected to be…

Updated: June 28, 2022 12:55 IST

Share Market Highlights: Sensex cuts losses in dying minutes to end flat with gains, Nifty closes at 15850

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sensex and Nifty started the day with losses, mirroring global…

Updated: June 28, 2022 16:31 IST

Slew of GST rate hikes imminent

There will also be some tax reliefs. For instance, a margin scheme to reduce tax incidence on tour operators is…

June 28, 2022 06:15 IST

GST regime simpler, needs tweaks: India Inc

India Inc is now enjoying the benefits of a single rate for a product which has made the supply chain…

June 28, 2022 05:45 IST

Karnataka CM Bommai confident of GST compensation issue resolution

Headed by Union Finance Minister Nirmala Sitharaman and comprising representatives of all States, the Council is meeting after six months.

June 27, 2022 18:02 IST

Indirect tax reforms: A job half done; GST underperforms for its faulty design, rate hike agenda regressive

Taxes continue to get paid on taxes. Economic travails have since forced the policymakers’ hands and deprived them of any…

June 27, 2022 03:45 IST

Five years of GST: States’ finances at a crossroads Premium Story

Extension of compensation cess notwithstanding, states will have to take a hit.

Updated: June 27, 2022 08:37 IST

28% GST likely on casinos, online gaming, horse races on gross revenue

The report of the GoM is likely to be taken up in the next meeting of the GST Council on…

June 26, 2022 18:28 IST

GST Council Meet: Rate changes on some items on cards, states’ compensation tops agenda

The Centre has released the entire amount of GST compensation payable to states up to May 31, 2022.

June 26, 2022 10:21 IST

Centre extends GST cess till March 2026: Rs 8.22 trillion released to states so far

Proceeds to be used solely to repay loans taken to bridge shortfall in states’ kitty of compensation.

June 26, 2022 04:30 IST

GST Council may consider changes in monthly GST payment form

The move would help curb the menace of fake billing, whereby sellers would show higher sales in GSTR-1 to enable…

June 24, 2022 13:38 IST

States to push for continuing GST compensation beyond June; Centre to cite tight revenue position

To meet the shortfall in the GST compensation fund, the Centre has borrowed and released to states Rs 1.1 lakh…

June 23, 2022 19:48 IST

90% of businesses feel GST made doing business easy: Deloitte survey

Automation of tax compliances and introduction of e-invoicing/e-way facility emerged as the most beneficial reforms introduced by the government.

June 15, 2022 15:21 IST

Opposition state finance ministers welcome Supreme Court’s ruling on GST Council

Say it will arrest shift away from Constitutional scheme

May 20, 2022 04:30 IST

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