GST Council

Diwali Gifts by GST Council

Income Tax - The GST Council held it's 28th meeting recently and Shri Piyush Goyal, acting Finance Minister was the Chairman of this meeting. The Council took many decisions which are beneficial to the industry and business and which may serve as Diwali gifts to the consumers if the businessmen pass on the benefits of reduction in the rate of tax or ...

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Reduction in GST rates on several goods – Anti-Profiteering alert!!!

Income Tax - The recently concluded 28th meeting of GST Council has recommended changes in the GST rates on several goods and brought down the GST rates on number of products bringing as many as 88 products in lower tax slab. ...

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Analysis of main Recommendations of 28th GST Council Meeting

Income Tax - Article presents summary of Changes Proposed in GST Law by 28th GST Council in its meeting held on 21st July 2018 which includes Changes in Rate of GST on Goods and Services, GST Migration Facility till 31st August 2018 with late fee waiver, Increase in Composition Limit, Input Credit Law, Changes in GST Reverse Charge […]...

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Simplified GST Return Process

Income Tax - The formats and business process approved on 21st July 2018 in 28th GST Council Meeeting were in line with the basic principles with one major change i.e the option of filing quarterly return with monthly payment of GST in a simplified GST return format by the small tax payers....

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28th GST Council Updates- A Quick Read

Income Tax - We present to you key decisions are taken by the GST Council in a meeting held on 21st July 2018. Some decisions will be given effect by way of issuing Notifications and few are to be placed in Parliament to amend the GST Laws....

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Quick Review on 28th GST Council meeting updates

Income Tax - Quick note on 28th GST Council meeting, which has reviewed around 46 proposed amendments in GST Act 2017 and recommended the following amendments ;...

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7 key elements of new GST return design approved by GST Council

Income Tax - Press Information Bureau Government of India Ministry of Road Transport & Highways Dated: 04-May-2018 GST Council approves principles for filing of new return design based on the recommendations of the Group of Ministers on IT simplification GST Council today in its 27th meeting approved principles for filing of new return design base...

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GSTN be converted into fully owned government Company

Income Tax - Presently, the Central Government and State Government are holding 24.5% equity shares respectively and the remaining 51% are held by non-Governmental institutions and through various mechanisms, GSTN is under strategic control of government. ...

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Change in GST rate for digital transactions & imposition of Sugar Cess

Income Tax - Keeping in view the need to move towards a less cash economy, the Council has discussed in detail the proposal of a concession of 2% in GST rate [where the GST rate is 3% or more, 1% each from applicable CGST and SGST rates] on B2C supplies...

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Recommendations on Data Analytics made during 26th GST Council meeting

Income Tax - Recommendations regarding Data Analytics made during 26th Meeting of Goods & Services Tax (GST) Council held today in the national capital ...

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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"

Diwali Gifts by GST Council

The GST Council held it's 28th meeting recently and Shri Piyush Goyal, acting Finance Minister was the Chairman of this meeting. The Council took many decisions which are beneficial to the industry and business and which may serve as Diwali gifts to the consumers if the businessmen pass on the benefits of reduction in the rate of tax or ...

Read More

Reduction in GST rates on several goods – Anti-Profiteering alert!!!

The recently concluded 28th meeting of GST Council has recommended changes in the GST rates on several goods and brought down the GST rates on number of products bringing as many as 88 products in lower tax slab. ...

Read More

Quick Review on 28th GST Council meeting updates

Quick note on 28th GST Council meeting, which has reviewed around 46 proposed amendments in GST Act 2017 and recommended the following amendments ;...

Read More

Analysis of main Recommendations of 28th GST Council Meeting

Article presents summary of Changes Proposed in GST Law by 28th GST Council in its meeting held on 21st July 2018 which includes Changes in Rate of GST on Goods and Services, GST Migration Facility till 31st August 2018 with late fee waiver, Increase in Composition Limit, Input Credit Law, Changes in GST Reverse Charge […]...

Read More

Simplified GST Return Process

The formats and business process approved on 21st July 2018 in 28th GST Council Meeeting were in line with the basic principles with one major change i.e the option of filing quarterly return with monthly payment of GST in a simplified GST return format by the small tax payers....

Read More

28th GST Council Updates- A Quick Read

We present to you key decisions are taken by the GST Council in a meeting held on 21st July 2018. Some decisions will be given effect by way of issuing Notifications and few are to be placed in Parliament to amend the GST Laws....

Read More

Recommendations of 28th GST Council Meeting- Whats good & whats not

The major recommendations are as detailed below:- 1. Composition dealers:- Upper limit of turnover for opting for GST composition scheme to be raised from Rs. 1 crore to Rs. 1.5 crore. Present limit of turnover can now be raised on the recommendations of the Council. > Composition dealers to be allowed to supply services (other than [...

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28th GST council meeting- Recommendations and it’s impact in business

The GST Council in its 28th meeting held on 21st July has recommended certain amendments in the CGST Act, 2017, IGST Act, 2017, UTGST Act 2017, and GST (Compensation to States) Act, 2017. A quick glance of certain important recommendations and its impact to most of the common stakeholders. Recommendation Upper limit of turnover for [&hell...

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11 Key Recommendation by 28th GST Council Meeting

This article is about the Latest Updates on Recommendations of 28th GST Council Meeting....

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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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