GST Council

Highlights of 42nd GST Council Meeting Held on 5 October, 2020

Goods and Services Tax - Highlights of the 42nd GST Council Meeting Held on 5 October 2020 The 42 GST council meeting has taken some major decision based on the GSTR 1 and 3B quarterly filing. Also, the meeting took concern on the revenue compensation and has said that it will announce decision on the upcoming 12th October on this issue. Other […]...

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Key Highlights for 42nd GST Council Meeting

Goods and Services Tax - As announced earlier, the 42nd GST Council meeting was held on 5th October 2020, the GST Council met to make the final decision on the compensation cess issues to various states under the GST. The Council also observed the decision to encompass the surcharge on taxes over luxury goods such as cars, and tobacco products beyond the ti...

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Analysis of decisions taken during 42nd GST Council Meeting

Goods and Services Tax - The 42nd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing today (5th October 2020). The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and seni...

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Highlights of 42nd GST Council Meeting

Goods and Services Tax - The 42nd GST Council Meeting held under the chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and senior of...

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Outcome of the 42nd GST Council Meeting

Goods and Services Tax - Recommendations of the 42nd GST Council Meeting held on 5th October, 2020 The GST Council met through video conferencing on 5th October, 2020 for the 42nd time and deliberated on several key issues. Some of the important recommendations made are elaborated as under – Sl. No Area Recommendation/Action Effective from 1 Compensation Cess C...

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GST Council Law Committee to meet & discuss fake invoices on Nov 18

Goods and Services Tax - An urgent meeting of the Law Committee of the Goods and Service Tax (GST) Council has been convened tomorrow in New Delhi to discuss in detail the issue of fake invoices to claim input tax credit under the indirect tax regime. The meet will deliberate on ways of further tightening of the GST registration process […]...

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Highlights of 43rd GST Council meeting held on 12th October 2020

Goods and Services Tax - Highlights of 43rd GST Council meeting held on 12th October 2020 which was continuation of earlier meeting Today’s meeting was a continuation of the 42nd GST Council meeting, to discuss one agenda item, namely no. 9A. Finance Minister Smt. Nirmala Sitharaman has chaired the GST Council meeting via video conferencing in the presence ...

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41st GST Council Meeting Highlights

Goods and Services Tax - The global pandemic of COVID-19 has brought grave losses to humanity as well as the tax collections this year as per the Government reports. It’s a known fact already that at the time of the introduction of Goods and Services Tax 2017, the Union Government had promised a certain amount of their revenues as GST […]...

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Upcoming GST Council Meetings- What to Expect?

Goods and Services Tax - On 20th August 2020, the GST Council has scheduled two GST Council meetings back to back starting on August 27 and September 19th as 41st and 42nd meetings for 2020 respectively. With a steady decline in the GST collection, the Central Government has expressed its inability to compensate States this time. This agenda is to be discusse...

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Highlights of 40th GST Council Meeting dated 12th June 2020

Goods and Services Tax - Recommendation of 40th GST Council Meeting dated 12th June 2020 Following relaxation was recommended in GST Council Meeting for filing of GSTR Returns dated 12-06-2020 1 Relaxation for July-17 to Jan 2020 GSTR3B Return Return Period Late Fee Condition GSTR 3B July-17 to Jan 2020 NIL if no tax liabili ty Maximum 500 per return […]...

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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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8 Recommendations of the 42nd GST Council Meeting

Release ID: 1661827 - (05/10/2020) - Ministry of Finance Recommendations of the 42nd GST Council Meeting Posted On: 05 OCT 2020 The 42nd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today. The meeting was also attended by Union Minister o...

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Recommendations of 40th GST council related to Law & Procedure

(Release ID: 1631127) - (12/06/2020) - Recommendations of the 40th GST Council meeting held today: Reduction in Late Fee for Past Returns, Further relief for small taxpayers for late filing of returns for Feb, Mar & Apr 2020 Tax periods....

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Recommendations of 39th GST Council Meeting on IT Roadmap

Press Release ID: 1606433 - (14/03/2020) - Shri Nandan Nilekani would attend the next 3 meetings of the GST Council and update the council of the status of implementation of the decisions taken by the Council and assist the Council in taking appropriate decisions on technology related issues, ...

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Changes in GST rates on goods & services in 39th GST Council Meeting

Press Release ID: 1606432 - (14/03/2020) - Council made the following recommendations:- To raise the GST rate on Mobile Phones and specified parts presently attracting 12% to 18%. To deliberate the issue of calibrating the rate in other items for removing inversion in future meetings with further consultation and examination of issue....

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39th GST Council recommendations on Law & Procedures

Press Release ID: 1606430 - (14/03/2020) - a. Interest for delay in payment of GST to be charged on the net cash tax liability w.e.f. 01.07.2017 (Law to be amended retrospectively). b. Where registrations have been cancelled till 14.03.2020, application for revocation of cancellation of registration can be filled up to 30.06.2020 (extension ...

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Recent Posts in "GST Council"

GST Council Law Committee to meet & discuss fake invoices on Nov 18

An urgent meeting of the Law Committee of the Goods and Service Tax (GST) Council has been convened tomorrow in New Delhi to discuss in detail the issue of fake invoices to claim input tax credit under the indirect tax regime. The meet will deliberate on ways of further tightening of the GST registration process […]...

Read More

Highlights of 42nd GST Council Meeting Held on 5 October, 2020

Highlights of the 42nd GST Council Meeting Held on 5 October 2020 The 42 GST council meeting has taken some major decision based on the GSTR 1 and 3B quarterly filing. Also, the meeting took concern on the revenue compensation and has said that it will announce decision on the upcoming 12th October on this issue. Other […]...

Read More

Highlights of 43rd GST Council meeting held on 12th October 2020

Highlights of 43rd GST Council meeting held on 12th October 2020 which was continuation of earlier meeting Today’s meeting was a continuation of the 42nd GST Council meeting, to discuss one agenda item, namely no. 9A. Finance Minister Smt. Nirmala Sitharaman has chaired the GST Council meeting via video conferencing in the presence ...

Read More

Key Highlights for 42nd GST Council Meeting

As announced earlier, the 42nd GST Council meeting was held on 5th October 2020, the GST Council met to make the final decision on the compensation cess issues to various states under the GST. The Council also observed the decision to encompass the surcharge on taxes over luxury goods such as cars, and tobacco products beyond the ti...

Read More

Analysis of decisions taken during 42nd GST Council Meeting

The 42nd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing today (5th October 2020). The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and seni...

Read More

Highlights of 42nd GST Council Meeting

The 42nd GST Council Meeting held under the chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and senior of...

Read More

Outcome of the 42nd GST Council Meeting

Recommendations of the 42nd GST Council Meeting held on 5th October, 2020 The GST Council met through video conferencing on 5th October, 2020 for the 42nd time and deliberated on several key issues. Some of the important recommendations made are elaborated as under – Sl. No Area Recommendation/Action Effective from 1 Compensation Cess C...

Read More

8 Recommendations of the 42nd GST Council Meeting

Release ID: 1661827 (05/10/2020)

Ministry of Finance Recommendations of the 42nd GST Council Meeting Posted On: 05 OCT 2020 The 42nd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today. The meeting was also attended by Union Minister of State for Finance & Corporate Affa...

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41st GST Council Meeting- Gloomy picture for States

41st GST Council meeting was held with the sole object of resolving the issue of lack of funds to compensate the states, which was initially promised to the States at the time of introduction of Goods and Service Tax Act....

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41st GST Council Meeting Highlights

The global pandemic of COVID-19 has brought grave losses to humanity as well as the tax collections this year as per the Government reports. It’s a known fact already that at the time of the introduction of Goods and Services Tax 2017, the Union Government had promised a certain amount of their revenues as GST […]...

Read More

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