Goods and Services Tax : This article explains the role and powers of the GST Council in shaping tax policy. It highlights how its decisions directly affec...
Goods and Services Tax : जीएसटी परिषद की 56वीं बैठक में ज़रूरी वस्तुओं, ऑटो...
Goods and Services Tax : The GST Council proposes new rates for the paper sector. GST is eliminated on notebook paper, reduced on pulp, and increased on ot...
Goods and Services Tax : The GST Council has proposed reducing or removing GST on educational items. Erasers, notebooks, pencils, and maps would become tax...
Goods and Services Tax : GST rates on a variety of daily use products will be reduced from 12% and 18% to 5%. This includes household goods, personal care ...
Goods and Services Tax : Key FAQs on GST rate changes from the 56th GST Council, covering goods, services, vehicles, and exemptions effective from 22 Septe...
Goods and Services Tax : 55th GST Council meeting recommends tax reductions, exemptions, and compliance measures, including lower GST on fortified rice ker...
Goods and Services Tax : The Second National Conference of GST Enforcement Chiefs focused on addressing fake registrations and enhancing compliance through...
Goods and Services Tax : Explore the key recommendations made by the GST Council during its 54th meeting, including changes in GST rates, GoM formations, a...
Goods and Services Tax : Key GST updates: CGST amendments in Budget 2024, Circulars on officer reassignment, recovery guidelines, and service taxability cl...
Goods and Services Tax : The Madras High Court held that manufacturers of alcoholic liquor cannot be denied C-Forms for inter-State ENA purchases because t...
Goods and Services Tax : Rajasthan HC dismisses petition challenging 18% GST on samosa and kachori, directs Sodhani Sweets to approach the Appellate Author...
Goods and Services Tax : Jharkhand High Court disposes of B D Enterprises' petition against GST Input Tax Credit time limits, aligning with the 53rd GST Co...
Goods and Services Tax : Madras HC rules on GST for flavoured milk in Parle Agro case. Key verdict on classification; implications for businesses....
Goods and Services Tax : SC held that recommendations of the GST Council are not binding on the Union and States. It held that Recommendations of the GST C...
Goods and Services Tax : The Ministry of Finance has reduced the Compensation Cess rate to Nil for several items, effective September 22, 2025, per a new n...
Goods and Services Tax : The 56th GST Council Meeting will be held in New Delhi on September 3rd and 4th, 2025, with a preceding officers' meeting on Septe...
Goods and Services Tax : Office Memorandum details updated GoM composition for Restructuring Compensation Cess, led by Union Minister of State for Finance....
Goods and Services Tax : The GST Council Secretariat has updated the composition of the Group of Ministers (GoM) on Life and Health Insurance, effective Ju...
Goods and Services Tax : A Group of Ministers (GoM) is set up to evaluate the feasibility of a special cess under GST for disaster relief and recommend a u...
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.
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 requisite notifications and Circulars.
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 details analysis of notifications […]
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 […]
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 the design of […]
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.
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% […]
Important changes proposed in GST Council’s 31st Meeting GST Council की 31st मिटींग आज 22/12/2018 को हुई जिसमें नीम्न प्रकार के GST में amendment करने का प्रस्ताव रखा गया है। इसके लिए जल्द ही notifications issue किए जायेंगे। 1. हर एक tax head के लिए single cash ledger ही रहेगा। इसके लिए GST Portal पर […]
18% GST is applicable on wood logs including the wood in rough/log used for pulping. Turbo charger is classified under heading 8414 and attracts 18% GST and not 5% GST. Fabric even if embroidered or has stitching of lace and tikki etc., and even if sold in three piece fabric as ladies suit set, will be classifiable as fabric andwould attract 5% GST.
Summary of Recommendations made during 31st GST Council Meeting held on 22.12.2018 related to E-Cash Ledger, Refund, For Return, Annual GST Return, Unavailed ITC, Late Fees, E-Way bill, Reduction Of GST On Services/Changed New rate wef 01.01.2019 And REDUCTION OF GST Goods New rate wef 01.01.2019. Recommendations made during 31st GST Council Meeting held on […]
