GST Council

GST 13th Council Meeting

Goods and Services Tax - The all-powerful Goods & Services Tax (GST) Council in its 13th meeting held at New Delhi decided the followings:- 1. Approval to draft GST rules (5 out of 9) which were released in September 2016 duly aligned with GST law as approved by Lok Sabha on 29 March, 2017...

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13th GST Council Meeting: Important Takeaways

Goods and Services Tax - The prospects of rollout of the Goods and Services Tax (GST) from July 1, 2017 has been brightened further, when the all-powerful GST Council chaired by the Honble Finance Minister, Mr. Arun Jaitley met for the thirteenth time in a row to clear all gathered clouds over the GST and brightening its prospects of implementation soon....

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GST council’s 13th Meeting Outcome

Goods and Services Tax - GST Council (GSTC) met for the 13th time yesterday in last 6 months at New Delhi. The GSTC inter alia, decided on following (a) Approval to draft GST rules (5 out of 9) which were released in September 2016 duly aligned with GST law as approved by Lok Sabha on 29 March, 20...

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GST Working Groups formed to address concerns of Trade and Industry

Goods and Services Tax - With the finalization of the Model GST Laws by the GST Council, stage has been set for the introduction of GST as per the deadline indicated by the Council....

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Key takeaways of 12th GST Council meeting

Goods and Services Tax - GST Council approves the Draft of SGST and UTGST Bills-Clearing the decks for introduction of a major indirect tax reform in the Parliament, the Goods and Services Tax (GST) Council, in its 12th meeting held on March 16, 2017, has approved the Draft Bills for implementing GST in States and Union Territories (UTs)....

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CBEC Chairman on Implementation of GST

Goods and Services Tax - The GST Council has in its 13th meeting held on 31.03.2017, approved nine Rules which have been put in the public domain. The same are available on the departmental website....

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Roll out of GST-1st July 2017

Goods and Services Tax - Roll out of GST-1st July 2017; Draft CGST Law and Draft IGST Law approved in the 11th Council Meeting held on 4 March 2017. Steps taken to ensure rollout of GST by 1st July 2017 include approval of the Draft GST Compensation Law by the GST Council...

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GST Council approves CGST and IGST Bill

Goods and Services Tax - Goods and Services Tax GST) Council approves the Central Goods and Services Tax (CGST) Bill and the Integrated Goods and Services Tax (IGST) Bill. The Goods and Services Tax GST) Council, in its meeting held today in Vigyan Bhawan in New Delhi under the Chairmanship of the Union Minister for Finance & Corporate Affairs, Shri […...

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No hike in service tax if GST roll out is delayed

Goods and Services Tax - The Government is not thinking to hike service tax if GST roll out is delayed. The Government is taking steps to expedite the GST and to take the concerns of the States on board. ...

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No Tax relief under GST for entities enjoying Tax Exemption under current regime

Goods and Services Tax - GST Council agreed that all entities exempted from payment of indirect tax under any existing tax incentive scheme shall pay tax in the GST regime and that in case the Central or State Government decided to continue any existing exemption/incentive/deferral scheme, then it shall be administered by way of a reimbursement mechanism through ...

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Recent Posts in "GST Council"

GST 13th Council Meeting

The all-powerful Goods & Services Tax (GST) Council in its 13th meeting held at New Delhi decided the followings:- 1. Approval to draft GST rules (5 out of 9) which were released in September 2016 duly aligned with GST law as approved by Lok Sabha on 29 March, 2017...

Read More

CBEC Chairman on Implementation of GST

The GST Council has in its 13th meeting held on 31.03.2017, approved nine Rules which have been put in the public domain. The same are available on the departmental website....

Read More

13th GST Council Meeting: Important Takeaways

The prospects of rollout of the Goods and Services Tax (GST) from July 1, 2017 has been brightened further, when the all-powerful GST Council chaired by the Honble Finance Minister, Mr. Arun Jaitley met for the thirteenth time in a row to clear all gathered clouds over the GST and brightening its prospects of implementation soon....

Read More

GST council’s 13th Meeting Outcome

GST Council (GSTC) met for the 13th time yesterday in last 6 months at New Delhi. The GSTC inter alia, decided on following (a) Approval to draft GST rules (5 out of 9) which were released in September 2016 duly aligned with GST law as approved by Lok Sabha on 29 March, 20...

Read More

GST Working Groups formed to address concerns of Trade and Industry

With the finalization of the Model GST Laws by the GST Council, stage has been set for the introduction of GST as per the deadline indicated by the Council....

Read More

Key takeaways of 12th GST Council meeting

GST Council approves the Draft of SGST and UTGST Bills-Clearing the decks for introduction of a major indirect tax reform in the Parliament, the Goods and Services Tax (GST) Council, in its 12th meeting held on March 16, 2017, has approved the Draft Bills for implementing GST in States and Union Territories (UTs)....

Read More

Roll out of GST-1st July 2017

Roll out of GST-1st July 2017; Draft CGST Law and Draft IGST Law approved in the 11th Council Meeting held on 4 March 2017. Steps taken to ensure rollout of GST by 1st July 2017 include approval of the Draft GST Compensation Law by the GST Council...

Read More

Key takeaways of 11th GST Council meeting

GST Council, in its meeting held on March 4, 2017 has approved the Draft CGST Bill and the Draft IGST Bill. This clears the deck for the Central Government to take these two Bills to the Parliament for their passage in the on-going Budget Session....

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Key Take away from 11th GST Council Meeting with 5 Major Carve-outs

GST Council on its 11th Meeting held on 4th March, 2017, at Delhi approved the Draft Central Goods and Services Tax (CGST) Bill and the Draft Integrated GST (IGST) Bill. The remaining two Bills namely, State Goods and Services Tax (SGST) Bill and the Union territory Goods and Services Tax (UTGST) Bill, which would be almost a replica of t...

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11th Meeting of GST Council held on 4th March 2017

GST Council in its 11th Meeting held on 4th March 2017 approved CGST / IGST Laws, Cap rate and restaurants having turnover upto 50 Lakhs to be covered under Composition Scheme....

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