GST Council

Steps Taken under 45th GST Council Meeting for Ease of Doing Business

Goods and Services Tax - The 45th GST Council Meeting was held on 17th September 2021 Friday, it was a physical meeting after a gap of two years and our Union Finance Minister Nirmala Sitharaman, State Finance Ministers at Lucknow and Uttar Pradesh were presented at the meeting. The decision taken was overall people friendly and long due. Additionally, the [&hell...

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Goods and Services Tax Council in GST

Goods and Services Tax - In this article, I will express my own views on the Goods and Services Tax Council constituted by the President of India under Article 279A of the Constitution. 1. Creation of GST Council.─ Clause (1) of Article 279A of the Indian Constitution provides that the President shall, within sixty days from the date of commencement […]...

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Key Recommendations of 45th GST Council meeting

Goods and Services Tax - 1. Measures for Trade facilitation: Relaxation in the requirement of filing FORM GST ITC-04: Requirement of filing FORM GST ITC-04 under rule 45 (3) of the CGST Rules has been relaxed as under: 1. Taxpayers whose annual aggregate turnover in preceding financial year is above Rs. 5 crores shall furnish ITC-04 once in six months; 2. Taxp...

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Recommendations in 45th GST Council Meeting

Goods and Services Tax - GST Council held its 45th GST Council Meeting at Lucknow on 17th September 2021. What are the recommendations by GST Council relating to changes in GST law and other procedures?...

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Detailed Analysis of 45th GST Council Meeting Proposals

Goods and Services Tax - Detailed Analysis of Proposals made by GST Council vide 45th GST Council Meeting 1.0 Background of 45th GST Council Meeting: The GST Council inorder to reduce rates on certain products and provide some trade facilitation measures on account of 3rd wave of COVID – 19 which is expected to be outbreaking soon. The  45th GST […]...

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GST Council Newsletter September 2021

Goods and Services Tax - Highlights of 45 GST Council Meeting Recommendations of 45 GST Council Meeting Several people centric decisions taken by GST Council The 45th meeting of the GST Council was held on 17.09.2021 at Lucknow under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has inter-alia made...

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GST 45th Council meeting on September 17, 2021 – Agenda

Goods and Services Tax - The 45th meeting of Goods and Services Tax Council (“GST Council”) is scheduled to be held on September 17, 2021. The Ministry of Finance tweet dated September 01, 2021 stated that the GST Council meeting will be chaired by the Hon’ble Union Finance Minister Nirmala Sitharaman and will take place in Lucknow, Uttar Pradesh. The [&hel...

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Recommendations of 44th GST Council Meeting- Change in GST Rates

Goods and Services Tax - The 44th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today. The Council in its meeting has decided to reduce the GST rates on the specified items being used in Covid-19 relief and management till 30th September, 2021....

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Highlights of 43rd GST Council meeting

Goods and Services Tax - Ministry of Finance Recommendations of 43rd GST Council meeting COVID-19 related medical goods including Amphotericin B for free distribution given full exemption from IGST upto 31.08.2021 Custom duty exemption also given to Amphotericin B Amnesty Scheme to provide relief to taxpayers regarding late fee for pending returns ; Late fee also...

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Punjab FM raised critical concerns related to GST in his letter to FM

Goods and Services Tax - Manpreet Singh Badal. Minister for Finance & Planning, Punjab has raised following critical concerns in his letter to Nirmala Sitharaman, Minister of Finance and Corporate Affairs – 1. Need GST with Heart Life-saving items for COVID-19 imposed Basic Custom Duties of upto 20% & GST upto 18%. 2. GST Implementation Committee (i...

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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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Changes in UTGST exemption on Supply of services WEF 01.10.2021

Notification No.07/2021- Union Territory Tax (Rate) [G.S.R. 692(E)] - (30/09/2021) - CBIC amend notification No. 12/2017 – Union Territory Tax (Rate), dated the 28thJune, 2017 so as to implement recommendations made by GST Council in its 45th meeting held on 17.09.2021 related to Changes in CGST exemption on Supply of services WEF 01.10.2021 vide Notification No. 07/2021- Unio...

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Constitution of Group of Ministers (GoM) on GST System Reforms

Office Memorandum No. 31011/12/2021-DIR(NC) - (24/09/2021) - Group of Minister on GST System Reforms is constituted with following composition, subsuming the earlier GoMs on IT challenges and revenue mobilization:...

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Constitution of Group of Ministers (GoM) on GST Rate Rationalization

Office Memorandum No. S-31011/12/2021-DIR(NC) - (24/09/2021) - Council has decided to constitute a GoM to look into matters related to rate rationalization and correction of inverted duty structure. Accordingly, a Group of Ministers on Rate Rationalization is being constituted with following composition:...

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Recommendations of 45th Meeting of GST Council, Lucknow

(Release ID: 1755925) - (17/09/2021) - The GST Council’s 45th meeting was held today in Lucknow under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has inter-alia made the following recommendations relating to changes in GST rates on supply of goods and services and changes ...

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GST Council meetings become acrimonious, vexing & toxic: Amit Mitra

D.O. No. 156/FM/2021 - (23/06/2021) - Amit Mitra say that What pains me the most is the fact that GST Council meetings have become acrimonious, vexing and almost toxic with erosion of mutual trust that had held fast between States and the Centre since the inception of the GST Council....

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Recent Posts in "GST Council"

Steps Taken under 45th GST Council Meeting for Ease of Doing Business

The 45th GST Council Meeting was held on 17th September 2021 Friday, it was a physical meeting after a gap of two years and our Union Finance Minister Nirmala Sitharaman, State Finance Ministers at Lucknow and Uttar Pradesh were presented at the meeting. The decision taken was overall people friendly and long due. Additionally, the [&hell...

Read More

Goods and Services Tax Council in GST

In this article, I will express my own views on the Goods and Services Tax Council constituted by the President of India under Article 279A of the Constitution. 1. Creation of GST Council.─ Clause (1) of Article 279A of the Indian Constitution provides that the President shall, within sixty days from the date of commencement […]...

Read More

GST Council Newsletter September 2021

Highlights of 45 GST Council Meeting Recommendations of 45 GST Council Meeting Several people centric decisions taken by GST Council The 45th meeting of the GST Council was held on 17.09.2021 at Lucknow under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has inter-alia made...

Read More

Key Recommendations of 45th GST Council meeting

1. Measures for Trade facilitation: Relaxation in the requirement of filing FORM GST ITC-04: Requirement of filing FORM GST ITC-04 under rule 45 (3) of the CGST Rules has been relaxed as under: 1. Taxpayers whose annual aggregate turnover in preceding financial year is above Rs. 5 crores shall furnish ITC-04 once in six months; 2. Taxp...

Read More

Changes in UTGST exemption on Supply of services WEF 01.10.2021

Notification No.07/2021- Union Territory Tax (Rate) [G.S.R. 692(E)] 30/09/2021

CBIC amend notification No. 12/2017 – Union Territory Tax (Rate), dated the 28thJune, 2017 so as to implement recommendations made by GST Council in its 45th meeting held on 17.09.2021 related to Changes in CGST exemption on Supply of services WEF 01.10.2021 vide Notification No. 07/2021- Union Territory Tax (Rate) | Dated: 30th Sep...

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Constitution of Group of Ministers (GoM) on GST System Reforms

Office Memorandum No. 31011/12/2021-DIR(NC) 24/09/2021

Group of Minister on GST System Reforms is constituted with following composition, subsuming the earlier GoMs on IT challenges and revenue mobilization:...

Read More

Constitution of Group of Ministers (GoM) on GST Rate Rationalization

Office Memorandum No. S-31011/12/2021-DIR(NC) 24/09/2021

Council has decided to constitute a GoM to look into matters related to rate rationalization and correction of inverted duty structure. Accordingly, a Group of Ministers on Rate Rationalization is being constituted with following composition:...

Read More

Recommendations in 45th GST Council Meeting

GST Council held its 45th GST Council Meeting at Lucknow on 17th September 2021. What are the recommendations by GST Council relating to changes in GST law and other procedures?...

Read More

Detailed Analysis of 45th GST Council Meeting Proposals

Detailed Analysis of Proposals made by GST Council vide 45th GST Council Meeting 1.0 Background of 45th GST Council Meeting: The GST Council inorder to reduce rates on certain products and provide some trade facilitation measures on account of 3rd wave of COVID – 19 which is expected to be outbreaking soon. The  45th GST […]...

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GST Updates – Outcome of 45th GST Council Meeting

Outcome of 45th GST Council Meeting held on 17th September 2021 The GST Council met for the 45th time on 17th September 2021 at Lucknow. The Council discussed and approved: (I) Recommendations relating to GST rates on Goods and Services; (II) Issue of Compensation Scenario; and (III) Recommendations relating to GST Law and Procedure. I. [...

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