GST Council

Outcome of 32nd GST council meeting.

Goods and Services Tax - The Goods and Services Tax (GST) Council held its 32nd meeting on 10 January 2019 in New Delhi. Various decisions were taken to provide relief to Micro, Small and Medium Enterprises. The key recommendations made by GST council are as follows: The threshold limit of aggregate turnover in the preceding financial year for opting composition ...

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Threshold limit based on 32nd GST Council meeting decisions

Goods and Services Tax - The GST Council in its 32nd meeting held on 10th Jan 2019 considered the demands raised by the MSME (including the small traders) to increase the threshold limit for registration and to ease the compliance burden under GST. Key highlights of the meeting are as follows: Two higher exemption threshold limit from registration and payment [&h...

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Notification related to 31st GST Council Meeting recommendations

Goods and Services Tax - Notification related to recommendations made during 31st Meeting of the GST Council The CBIC has issued Notification related to recommendations made during 31st Meeting of the GST Council from 67/2018 to 79/2018 also ‘Removal of Difficulty Orders’ from Order No. 2/2018 to Order No. 4/2018. In these article we will read the de...

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Summary of Recent 31st Meeting of GST Council and Press Releases

Goods and Services Tax - GoM to study revenue trend 7 Member Group of Ministers to study the revenue trend, including analysing the reasons for structural patterns affecting the revenue collection in some of the States. The study would include the underlying reasons for deviation from the revenue collection targets vis a vis original assumptions discussed during ...

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Unfair waiving off late fees on GST returns in recent council meeting

Goods and Services Tax - Late fee shall be levied on the late filing of GST returns as per Central Goods and Services Act (CGST Act). Chapter IX of CGST Act prescribes the due date of furnishing different GST returns. In case, GST returns are not furnished within the time limit, late fees shall be levied on it....

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GST rate on real estate sector- Decisions in 34th GST Council meeting

Goods and Services Tax - Decisions taken by the GST Council in the 34th meeting held on 19th March, 2019 regarding GST rate on real estate sector GST Council in the 34th meeting held on 19th March, 2019 at New Delhi discussed the operational details for implementation of the recommendations made by the council in its 33rd meeting for lower […]...

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7 Major Decisions taken by 32nd GST Council

Goods and Services Tax - 1. Increase in Turnover Limit for the existing Composition Scheme: The limit of Annual Turnover in the preceding Financial Year for availing Composition Scheme for Goods shall be increased to Rs 1.5 crore. Special category States would decide, within one week, about the Composition Limit in their respective States....

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GST Council: 31 Meetings, 918 decisions & 294 notifications so far

Goods and Services Tax - The GST Council has met 31 times so far. Till the 30th GST Council Meeting, a total of 918 decisions have been taken and 294 notifications have been issued by the Central Government. In the 31st GST Council Meeting held on 22nd December, 2018, a total of 29 decisions were taken which have been implemented through the issuance of the requi...

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CBIC releases 44 GST Notification / Circular / Order on 31.12.2018

Goods and Services Tax - GST Council has made several recommendations related to GST Rate Reduction on Good and Services, Late Return Filing Fees Waiver, Extension of Due date of GST Return Filing, Simplification of Annual GST Return and to provide clarification related to GST on Various Services in its 31st GST Council Meeting held on 22nd December 2018. To [&he...

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Summary of 31ST GST Council Meeting Decisions

Goods and Services Tax - 31ST GST COUNCIL MEETING DECISIONS Change in GST Rate on Goods –  Solar Power Plants to be Taxed at 8.9% – To provide some relief to Solar Industry, it has been decided that supply of Solar Power Systems/ Plants as a part of EPC Contract will be taxed as follows – Particulars Effective Rate 70% […]...

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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"

GST rate on real estate sector- Decisions in 34th GST Council meeting

Decisions taken by the GST Council in the 34th meeting held on 19th March, 2019 regarding GST rate on real estate sector GST Council in the 34th meeting held on 19th March, 2019 at New Delhi discussed the operational details for implementation of the recommendations made by the council in its 33rd meeting for lower […]...

Read More

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....

Read More

Outcome of 32nd GST council meeting.

The Goods and Services Tax (GST) Council held its 32nd meeting on 10 January 2019 in New Delhi. Various decisions were taken to provide relief to Micro, Small and Medium Enterprises. The key recommendations made by GST council are as follows: The threshold limit of aggregate turnover in the preceding financial year for opting composition ...

Read More

Threshold limit based on 32nd GST Council meeting decisions

The GST Council in its 32nd meeting held on 10th Jan 2019 considered the demands raised by the MSME (including the small traders) to increase the threshold limit for registration and to ease the compliance burden under GST. Key highlights of the meeting are as follows: Two higher exemption threshold limit from registration and payment [&h...

Read More

7 Major Decisions taken by 32nd GST Council

1. Increase in Turnover Limit for the existing Composition Scheme: The limit of Annual Turnover in the preceding Financial Year for availing Composition Scheme for Goods shall be increased to Rs 1.5 crore. Special category States would decide, within one week, about the Composition Limit in their respective States....

Read More

GST Council: 31 Meetings, 918 decisions & 294 notifications so far

The GST Council has met 31 times so far. Till the 30th GST Council Meeting, a total of 918 decisions have been taken and 294 notifications have been issued by the Central Government. In the 31st GST Council Meeting held on 22nd December, 2018, a total of 29 decisions were taken which have been implemented through the issuance of the requi...

Read More

Notification related to 31st GST Council Meeting recommendations

Notification related to recommendations made during 31st Meeting of the GST Council The CBIC has issued Notification related to recommendations made during 31st Meeting of the GST Council from 67/2018 to 79/2018 also ‘Removal of Difficulty Orders’ from Order No. 2/2018 to Order No. 4/2018. In these article we will read the de...

Read More

CBIC releases 44 GST Notification / Circular / Order on 31.12.2018

GST Council has made several recommendations related to GST Rate Reduction on Good and Services, Late Return Filing Fees Waiver, Extension of Due date of GST Return Filing, Simplification of Annual GST Return and to provide clarification related to GST on Various Services in its 31st GST Council Meeting held on 22nd December 2018. To [&he...

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Summary of Recent 31st Meeting of GST Council and Press Releases

GoM to study revenue trend 7 Member Group of Ministers to study the revenue trend, including analysing the reasons for structural patterns affecting the revenue collection in some of the States. The study would include the underlying reasons for deviation from the revenue collection targets vis a vis original assumptions discussed during ...

Read More

Unfair waiving off late fees on GST returns in recent council meeting

Late fee shall be levied on the late filing of GST returns as per Central Goods and Services Act (CGST Act). Chapter IX of CGST Act prescribes the due date of furnishing different GST returns. In case, GST returns are not furnished within the time limit, late fees shall be levied on it....

Read More

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