GST Council

Recommendation of 37th GST Council meeting, not notified so far

Goods and Services Tax - It is important to note that whatever is recommended by GST Council , does not becomes the law unless and untill the recommendation is notified in the offical garetta of India. The GST Council in its 37th meeting held in Goa had made the following recommendation , which are yet to be notified √ Small […]...

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Update on 37th GST Council meeting at Goa on 20.09.2019

Goods and Services Tax - The 37th meeting of GST Council was held on 20th September, 2019 at Goa where in several taxpayer friendly measures have been announced which inter alia include GST rate reduction on hotels, few exemptions, lower rate on diamond related job works and outdoor catering, measures to boost export, few clarifications and relaxation in filin...

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Proposed changes in Hospitality Sector with respect to GST

Goods and Services Tax - Proposed changes in Hospitality Sector with respect to GST as discussed in the 37th meeting of the GST Council With the Puja and Winter vacations approaching, expeditions and trips are inevitable! The 37th Meeting of the Goods and Services Tax Council, held in Goa on 20th September, 2019 had proposed to lower the GST rates […]...

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Changes in GST for Hotel Industry- 37th GST Council meeting

Goods and Services Tax - Decisions taken at 37th GST Council meet at Goa on 20.09.2019 (with specific reference to Hotel) GST Council in the 37th meeting held on 20th September, 2019 (Friday) at Goa inter-alia, decided to lower GST rates on hotel tariff, outdoor catering and other miscellaneous items. (A) GST Rates on hotel room tariffs A comparative analysis o...

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GST Council’s 37th Meeting- Key Takeaways

Goods and Services Tax - The 37th GST Council meeting took place on 20th September 2019 at GOA. In this meeting, the council took following decisions relating to changes in GST rates, ITC eligibility criteria, exemption and clarification on connected issues. Further, the council has been proposed to changes in some procedural aspects under GST. Rate reduction/ Ex...

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CBIC issues 43 notifications on 30th September 2019

Goods and Services Tax - CBIC issues 43 notifications on 30th September 2019 to give effect to Recommendations made by GST Council in its 37th Meeting. Most of the changes are effective from 1st October 2019 and includes changes in Custom Law, CGST, IGST and UTGST Law. Changes includes changes in Rates on certain Products and Services, Applicability of Reverse [&...

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Changes in GST Law & Return Filing including Annual Returns

Goods and Services Tax - Filing of FORM GSTR-9 for those taxpayers who (are required to file the said return but) have aggregate turnover up to Rs. 2 crores made optional for the said tax periods. A Committee of Officers to be constituted to examine the simplification of Forms for Annual Return and reconciliation statement....

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Changes in GST Rate on Services | 37th GST Council Meeting

Goods and Services Tax - GST Rate on Services as Recommended by The GST Council in Its 37th Meeting The 37th GST Council met in Goa today under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Chief [&he...

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Changes in GST Rate on Goods | 37th GST Council Meeting

Goods and Services Tax - GST Rate on Goods as Recommended by The GST Council in Its 37th Meeting- GST rates reduction a. 18% to 12% on parts of Slide Fasteners b. 18% to 5% on Marine Fuel 0.5% (FO) c. 12% to 5% on Wet Grinders(consisting stone as a grinder)...

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Two Years After GST

Goods and Services Tax - Shri. Arun Jaitley Today, the Goods and Services Tax regime enters its third year. The monumental restructuring of one of the world’s clumsiest indirect tax system was not an easy task. The challenges to implement the GST were compounded by some outlandish and exaggerated comments of the not so well-informed. It would, therefore, be onl...

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GST Tribunal Formed or Not? HC seeks response from GST Council

M/s. Torque Pharmaceuticals Pvt. Ltd. Vs Union of India (Allahabad High Court) - In this matter learned counsel for the G.S.T. Council is unable to tell as to whether the Tribunal is constituted or not. Learned standing counsel appearing for the State is also unable to tell as to whether the State has moved in the matter or not....

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GST Council not recommended levy of GST on high speed diesel: HC

Shree Raipur Cement Plant (A unit of Shree Cement Limited) Vs. State of Chhattisgarh, Finance Department, Tax Division, (Chhattisgarh High Court) - GST Council has not recommended levy of GST on high speed diesel and same is not notified by the Central Government under Section 9(2) of the Central Goods and Services Tax Act, 2017....

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No violation of election code of conduct due to GST Council Recommendations: HC

Sandipkumar Kirankumar Sharma Vs State Election Commission (Gujrat High Court) - In terms of Article 279A of the Constitution of India, it cannot be said that the recommendations made by the Goods and Services Tax Council are in violation of the Code of Conduct....

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Guidelines for division of GST taxpayers between Central & state govt

Circular No. 01/2017 - (20/09/2017) - following criteria should be followed for the division of taxpayer base between the Centre and the States to ensure single interface: i. Of the total number of taxpayers below Rs. 1.5 crore turnover, all administrative control over 90% of the taxpayers shall vest with the State tax administration an...

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Recent Posts in "GST Council"

Recommendation of 37th GST Council meeting, not notified so far

It is important to note that whatever is recommended by GST Council , does not becomes the law unless and untill the recommendation is notified in the offical garetta of India. The GST Council in its 37th meeting held in Goa had made the following recommendation , which are yet to be notified √ Small […]...

Read More

CBIC issues 43 notifications on 30th September 2019

CBIC issues 43 notifications on 30th September 2019 to give effect to Recommendations made by GST Council in its 37th Meeting. Most of the changes are effective from 1st October 2019 and includes changes in Custom Law, CGST, IGST and UTGST Law. Changes includes changes in Rates on certain Products and Services, Applicability of Reverse [&...

Read More

Update on 37th GST Council meeting at Goa on 20.09.2019

The 37th meeting of GST Council was held on 20th September, 2019 at Goa where in several taxpayer friendly measures have been announced which inter alia include GST rate reduction on hotels, few exemptions, lower rate on diamond related job works and outdoor catering, measures to boost export, few clarifications and relaxation in filin...

Read More

Proposed changes in Hospitality Sector with respect to GST

Proposed changes in Hospitality Sector with respect to GST as discussed in the 37th meeting of the GST Council With the Puja and Winter vacations approaching, expeditions and trips are inevitable! The 37th Meeting of the Goods and Services Tax Council, held in Goa on 20th September, 2019 had proposed to lower the GST rates […]...

Read More

Changes in GST for Hotel Industry- 37th GST Council meeting

Decisions taken at 37th GST Council meet at Goa on 20.09.2019 (with specific reference to Hotel) GST Council in the 37th meeting held on 20th September, 2019 (Friday) at Goa inter-alia, decided to lower GST rates on hotel tariff, outdoor catering and other miscellaneous items. (A) GST Rates on hotel room tariffs A comparative analysis o...

Read More

GST Council’s 37th Meeting- Key Takeaways

The 37th GST Council meeting took place on 20th September 2019 at GOA. In this meeting, the council took following decisions relating to changes in GST rates, ITC eligibility criteria, exemption and clarification on connected issues. Further, the council has been proposed to changes in some procedural aspects under GST. Rate reduction/ Ex...

Read More

37th GST Council Meeting held on 20th Sep 2109 Recommendations

Change in GST Rates The council has recommended to change GST tariff rate for hotels as follows: Transaction value per unit per day up to Rs.1000/- Nil rate, from Rs.1000/- to Rs.7500/- 12% and above Rs. 7500/- tax at 18%. This will have direct impact on consumers by benefiting in the lower taxes. To reduce outdoor catering […]...

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Outcome of 37th GST Council Meeting held on 20th September 2019

The GST Council in its 37th meeting held on 20th September 2019 at Goa discussed and approved: (i) Some policy recommendations; (ii) certain amendments in the GST Law; (iii) reduction in GST rates for certain category of goods and services; and (iv) clarifications on GST rates for existing goods or services; 1. Changes related to [&hellip...

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Changes in GST Rates for Hotel Industry

Sachin Kumar Mishra GST TAX RELIEF FOR HOTELS – Upcoming GST on the Hotel Industry The GST Council has agreed to lower tax rates imposed on the hotel industry during its meeting on Friday. Led by Finance Minister Nirmala Sitharaman, the all-powerful council decided to tax hotels on rates varying from 18 to zero per […]...

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Key Highlights of 37th GST Council Meeting

37th GST Council Meeting – Key Highlights Date: 20th September, 2019 1. Policy Changes New Return Filing System New Return filing to be introduced from April 2020 (Earlier proposed from Oct, 19) Annual Returns and GST Audits 1) GST Annual Returns GSTR-9 & 9A Optional for those with turnover upto 2 Cr for FY 17-18 […]...

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