GST Council

Remarkable Decisions Taken in 22nd GST Council Meet

Goods and Services Tax - GST in its 22nd Council Meeting took remarkable decisions. After approx 3 months of roll out of GST, taxpayers are facing problems. In order to ease out these problems, significant changes has been made. In this write-up, highlights of the changes taken in 22nd GST council meet will be discussed: ♣ Increase in threshold limit […]...

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GST Council Meeting Press Release Crux – 06.10.2017

Goods and Services Tax - The GST Council, in its 22nd Meeting which was held today in the national capital under Chairmanship of the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley has recommended the following facilitative changes to ease the burden of compliance on small and medium businesses: Composition Scheme 1. The composition scheme sha...

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GST Relaxations : A Major Step Towards Ease of Doing Business

Goods and Services Tax - The 22nd meeting of the Council comes on the back of promises made by Prime Minister Narendra Modi on Wednesday (4th Oct, 2017) that the government was committed to removing the glitches and bottlenecks of the GST regime. Accordingly the GST Council, in its 22nd Meeting which was held on 6th Oct, 2017 in the national capital under Chair...

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22 Key Decisions taken by GST Council in its 22nd Meeting

Goods and Services Tax - Following is the Summary of 22 Key Decisions taken by GST Council at 22nd GST Council Meeting 1. Turnover limit for Composition Scheme extended to Rs. 1 crore from 75 lacs in all States and Rs. 75 lacs for Special category States except Uttarakhand and Jammu & Kashmir. Can be availed anytime before 31.03.2018. 2. […]...

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GST Payment by small business- Monthly or Quarterly- A New Confusion

Goods and Services Tax - Today, an Announcement was made in the Press Conference after the 22nd Meeting of GST Council that, for small businesses, the return filing as well the tax payment will be Quarterly. It was clearly stated that, the said Announcement will operationalize from the quarter beginning from October, 2017. Later on, in the same Press Conference, ...

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GST Rate changes on services with effect from 25.01.2018

Goods and Services Tax - Recommendations made on GST Rate changes on services by the 25th GST Council Meeting The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The Council has recommended many relief measures regarding GST rates on goods and services covering many sectors and  commodities.  The Council ...

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6 Policy Changes recommended by 25th GST Council Meeting

Goods and Services Tax - 1. The late fee payable by any registered person for failure to furnish FORM GSTR-1 (supply details), FORM GSTR-5 (Non-resident taxable person) or FORM GSTR-5A (OIDAR) is being reduced to fifty rupees per day and shall be twenty rupees per day for NIL filers. The late fee payable for failure to furnish FORM GSTR-6 (Input Service Distribut...

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25th GST Council Meeting reduces GST Rate on Certain Goods

Goods and Services Tax - Recommendations for Changes In GST/IGST Rate and Clarifications in Respect of GST Rate on Certain Goods -As per discussions held in the 25th GST Council Meeting The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The Council has recommended certain in GST/IGST rate and clarification...

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Change in GST Rate on Services / Job Work approved by GST Council

Goods and Services Tax - GST Council at its 22nd meeting rationalised GST rates on job work services, services provided by a GTA to an unregistered person, Leasing of vehicles purchased and leased prior to 1.7.2017, Transport of passengers by motor cab/ renting of motor cab and has taken various other measure....

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8 Relief Measure approved for exporters by GST Council

Goods and Services Tax - EXPORT PACKAGE GST The GST Council under Chairmanship of Union Finance Minister Shri Arun Jaitley has in its 22nd Meeting held at Delhi today approved a major relief package for exporters. 2. Mindful of the difficulties faced by exporters post-GST leading to a decline in export performance and export competitiveness, the Council had last ...

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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 changes on services with effect from 25.01.2018

Recommendations made on GST Rate changes on services by the 25th GST Council Meeting The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The Council has recommended many relief measures regarding GST rates on goods and services covering many sectors and  commodities.  The Council ...

Read More

6 Policy Changes recommended by 25th GST Council Meeting

1. The late fee payable by any registered person for failure to furnish FORM GSTR-1 (supply details), FORM GSTR-5 (Non-resident taxable person) or FORM GSTR-5A (OIDAR) is being reduced to fifty rupees per day and shall be twenty rupees per day for NIL filers. The late fee payable for failure to furnish FORM GSTR-6 (Input Service Distribut...

Read More

25th GST Council Meeting reduces GST Rate on Certain Goods

Recommendations for Changes In GST/IGST Rate and Clarifications in Respect of GST Rate on Certain Goods -As per discussions held in the 25th GST Council Meeting The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The Council has recommended certain in GST/IGST rate and clarification...

Read More

Remarkable Decisions Taken in 22nd GST Council Meet

GST in its 22nd Council Meeting took remarkable decisions. After approx 3 months of roll out of GST, taxpayers are facing problems. In order to ease out these problems, significant changes has been made. In this write-up, highlights of the changes taken in 22nd GST council meet will be discussed: ♣ Increase in threshold limit […]...

Read More

GST Council Meeting Press Release Crux – 06.10.2017

The GST Council, in its 22nd Meeting which was held today in the national capital under Chairmanship of the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley has recommended the following facilitative changes to ease the burden of compliance on small and medium businesses: Composition Scheme 1. The composition scheme sha...

Read More

GST Relaxations : A Major Step Towards Ease of Doing Business

The 22nd meeting of the Council comes on the back of promises made by Prime Minister Narendra Modi on Wednesday (4th Oct, 2017) that the government was committed to removing the glitches and bottlenecks of the GST regime. Accordingly the GST Council, in its 22nd Meeting which was held on 6th Oct, 2017 in the national capital under Chair...

Read More

22 Key Decisions taken by GST Council in its 22nd Meeting

Following is the Summary of 22 Key Decisions taken by GST Council at 22nd GST Council Meeting 1. Turnover limit for Composition Scheme extended to Rs. 1 crore from 75 lacs in all States and Rs. 75 lacs for Special category States except Uttarakhand and Jammu & Kashmir. Can be availed anytime before 31.03.2018. 2. […]...

Read More

GST Payment by small business- Monthly or Quarterly- A New Confusion

Today, an Announcement was made in the Press Conference after the 22nd Meeting of GST Council that, for small businesses, the return filing as well the tax payment will be Quarterly. It was clearly stated that, the said Announcement will operationalize from the quarter beginning from October, 2017. Later on, in the same Press Conference, ...

Read More

Change in GST Rate on Services / Job Work approved by GST Council

GST Council at its 22nd meeting rationalised GST rates on job work services, services provided by a GTA to an unregistered person, Leasing of vehicles purchased and leased prior to 1.7.2017, Transport of passengers by motor cab/ renting of motor cab and has taken various other measure....

Read More

8 Relief Measure approved for exporters by GST Council

EXPORT PACKAGE GST The GST Council under Chairmanship of Union Finance Minister Shri Arun Jaitley has in its 22nd Meeting held at Delhi today approved a major relief package for exporters. 2. Mindful of the difficulties faced by exporters post-GST leading to a decline in export performance and export competitiveness, the Council had last ...

Read More
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