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GST Meet

GST Council Meeting Live Updates: Tax Relief For Different Sectors

Several decisions have been taken in GST council meeting in order to promote tourism,” Nirmala Sitharaman stated at time announcing rate cuts down on hotel bills The GST Council meeting on 27th, Sept announced reduction in tax rates for the hotel industry, taking the entire sector out of the 28% tax rate slab, the highest […]

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GST Meeting updates

GST Council meeting updates

In the 35st GST Council meeting on Friday extended the tenure of the National Anti-Profiteering Authority (NAA) by two years. The Council also approved imposing a penalty of up to 10 per cent on entities not passing on benefits of GST rate cuts to consumers. Briefing to reporters after the meeting of the Council, Revenue […]

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32nd GST Council Meet

32nd GST Council meet updates: Returns under composition scheme only once in a year:FM Arun Jaitley

The GST Council  meet relaxed the tax exemption limit to Rs 40 lakh from the earlier cap of Rs 20 lakh during its 32nd meeting on today. GST Council Meet key Updates:- A committee has been set up to consider real estate GST rates, a consensus is yet to be achieved, says FM Arun Jaitley.  The […]

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GoM wants exemption limit for MSMEs to be increased

GoM wants exemption limit for MSMEs to be increased, GST council may decide

NEW DELHI: The staffing industry has reached out to the GST ( Goods and Services Tax ) Council to seek ITC (input tax credit) on insurance services procured for its employees.  Modi, who is a member of the panel on MSME relief, said the GoM was unanimous that the exemption limit for the MSMEs which […]

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GST Council meeting today

GST Council meeting today: Cess on sugar and preparation of GST reduction on ethanol

GST Council can make two important decisions to bail out the sugar industry. Council Athlon can reduce the GST slab rate from 18 to 12 percent.

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The next GST Council meeting

The next GST Council meeting on May 4, the simplification of return filing included in the agenda

Arun Jaitley attends Cabinet meeting, to chair The next GST Council meeting on May 4

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The GST Tax

Trade with Zero tax liability may get to file GST returns twice a year

When GST was applied on First of July 2017, traders were mandatory to file 3 returns in a month, and  1 annual return, almost total 37 returns in a year. NEW DELHI, MARCH 25 Trade with Zero tax liability for last six months under GST may soon get relief once the proposal to allow such traders […]

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GST council meeting

E-Way Bill will decide on GST council meeting on 18th January

New Delhi, E-way bill will be a key issue in the GST council meeting on 18 January. This is because the trader businessman is still not in favor of implementing it from February 1. In this connection, there has been a meeting between the state representatives and the traders, in which there is a broad agreement […]

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GST rates reworked

GST rates reworked

GST rates reworked, 178 items from 28% to 18%, restaurant bills to get cheaper from Nov 15

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