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...
In its meeting on 03rd November 2016 GST Council has finalised Four GST Rates of 5%, 12%, 18% & 28% which will be levied on Various good post implementation of GST.
Some critical issues are pending before the GST Council for a final decision which includes The Multi Rate Structure and Compensation Payable Through Cess.
Goods and Services Tax would be a very significant step in the field of indirect tax reforms in India. By amalgamating a large number of Central and State taxes into a single tax, it would mitigate cascading or double taxation in a major way and pave the way for a common national market.
GST Council is yet to decide on GST rate structure. Since, the last meeting which concluded on 19th October,2016 could not result a consensus amongst states on various reasons.
The three day meeting of GST Council scheduled from 18th to 20th October, 2016 ended in two days only with a resolve to meet again on 3-4 November and then on 9-10 November, 2016 to discuss rate stricture and draft GST law respectively. The winter session of Parliament has already been convened from 16th November, 2016.
Advocate Anandaday Misshra On 18th October 2016, the Central Government has proposed various rate slabs in GST Council. It must be noted that the GST Council is meeting from 17th – 19th October 2016 to finalise GST rate slabs, Cess & concessions along with compensation to various states. GST Rate Slabs – The proposed GST rates are as […]
In this article we have tried to give an idea to the reader about the differences between KVAT Act, 2003 and Model GST law released by the Ministry of Finance for public comments on 14th June, 2016.
As per the Constitution as amended, GST Council is required to be Constituted under article 279A of the Constitution which was so done by the President on 12th September, 2016 vide Notification dated 10.09.2016. New Article 279A of the Constitution was notified to come into force w.e.f. 12.09.2016 and vide Notification dated 15.09.2016, the President of India Constituted the GST Council.
The minister added that all the issues, including the GST rate, area-based exemption, slabs in rates will be decided by the GST Council after detailed discussion with the states.
Government is not leaving any stone unturned to roll out the much awaited indirect tax reform from April 1, 2017. In less than a week after the first meeting of GST Council (on September 22-23, 2016), CBEC on September 26, 2016, has unveiled Draft Rules and formats under GST relating to registration, invoice and payment.
