"Gst Council"
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Gujarat Govt Brings Ordinance To Align State GST Law With Centre’s 2025 AmendmentsThe move seeks to synchronise the state's indirect tax framework with recent amendments enacted by the Finance Act, 2025, following recommendations of the 55th GST Council meeting.Zee News - Published | |
GST Council's next meeting likely to discuss rate rationalisation, compensation cessnewKerala.com - Published | |
GST council set to convene soon; tax simplification, compensation cess likely on agendaThe Goods and Services Tax Council will soon meet to discuss GST simplification. Tax rate rationalisation and the future of the compensation cess are on the agenda. A Group of Ministers is examining..IndiaTimes - Published | |
GST Council seeks revenue growth without public burden: Finance MinisternewKerala.com - Published | |
There can be no politics over govt finances: FM Nirmala SitharamanFM Nirmala Sitharaman emphasized the importance of maintaining fiscal responsibility in public finance, highlighting the need to balance borrowing with sustainable growth. She warned against excessive..IndiaTimes - Published | |
'Not at all': FM Sitharaman dismisses GST rise concernsFinance Minister Nirmala Sitharaman refuted concerns of any GST rate increase, emphasizing that the GST rates have been reduced since its introduction, with the average rate dropping to 11.3% from..IndiaTimes - Published | |
Average Tax Under GST Dips From 15.8 Per Cent To 11.3 Per Cent, Says FM Nirmala Sitharaman In Rajya SabhaThe GST Council, which includes representatives from both the central and state governments, meets regularly to review tax policies and make necessary adjustments to ensure a fair and balanced taxation..Zee News - Published | |
Which goods, services will become costlier and cheaper after GST Council meeting? Check full list hereSeveral significant recommendations were made to simplify tax compliance and reduce financial burdenDNA - Published | |
GST 'track, trace' method may cover cigarettes, pan masalaThe GST Council has approved a "track and trace" system to combat tax evasion on specific goods, starting with cigarettes and potentially pan masala. This system uses unique identification markings to..IndiaTimes - Published | |
GST Council Meet: What’s Cheaper, What’s Costlier? Find OutThe Council has recommended revising the definition to include all retail commodities pre-packed (up to 25 kg or 25 liters) as per the Legal Metrology Act.Zee News - Published | |
GST Council Meeting Highlights: Key Recommendations To Provide Relief To Individuals And BusinessesGST Council Meeting Highlights: The Council recommended reduction of payment of pre-deposit for filing an appeal before the Appellate Authority in respect of an order passed which involves only penalty..Zee News - Published | |
GST Council Postpones Major Decisions, Key Issues Left For Further DeliberationThe GST Council also discussed the imposition of GST on quick commerce services, e-commerce, and food delivery platforms, but no decision was reached.Zee News - Published | |
GST panel puts off call on lower rates for insuranceThe GST Council waived taxes on cancer gene therapy and reduced levies on fortified rice kernels. Decisions on ATF inclusion, insurance rates, and food delivery services were deferred. Used cars will..IndiaTimes - Published | GST Council Meet Clarifies Tax On Popcorn; Tax Hiked On Used Car Sales Including EV- Details HereAccording to the report, ready-to-eat popcorn is set to attract varying GST rates based on its preparation and packaging, as decided in the 55th GST Council meeting on Saturday.Zee News - Published |
GST Council 55th Meeting Postpones Decision On Slashing Tax On Life, Health InsuranceGST Council 55th Meeting: The premium paid by senior citizens towards health insurance coverage has been proposed to be exempted from the tax.Zee News - Published | GST Council meet key decisions: Clarity on tax rate on popcorn, GST rate on sale of used cars increased, says reportFinance Minister Nirmala Sitharaman is leading the 55th GST Council meeting in Jaisalmer. AAC blocks with high fly ash content will now face a lower 12% GST. Conversely, used vehicles, including..IndiaTimes - Published |
55th GST Council meet: All Eyes On Health Insurance Premiums, ATF, 'Sin Tax'A significant agenda for the GST Council is the proposed rate cut on term health and life insurance premiums.Zee News - Published | Sin goods may face a new cess over 35% rateThe proposed 35% GST rate on sin goods like tobacco, cigarettes, and soft drinks is likely just the beginning, with a new cess expected to ensure the effective tax rate doesn't significantly reduce...IndiaTimes - Published |
Stocks Of ITC, Varun Beverages, Godfrey Phillips Decline Amid GST Hike ReportThe Group of Ministers (GoM) report is expected to be discussed by the GST Council -- chaired by Union Finance Minister and comprising her state counterparts -- on December 21. A final decision on GST..Zee News - Published | GST On Cigarettes, Tobacco, Aerated Beverages May Be Hiked To 35%; All Eyes On Gst Council Decision On Dec 21The GoM report is expected to be discussed by the GST Council -- chaired by Union Finance Minister and comprising her state counterparts -- on December 21. A final decision on GST rate changes will be..Zee News - Published |
GST Council Likely To Decide On Tax Relief For Life And Health Insurance At Dec 21 MeetGST on premiums paid by individuals, other than senior citizens, for health insurance of up to Rs 5 lakh, is proposed to be exempted.Zee News - Published Also reported by •IndiaTimes | GST Council call on insurance next monthThe GST Council is set to discuss reducing the GST on term insurance plans to zero and offering similar relief for health insurance, particularly for senior citizens and those seeking coverage up to Rs..IndiaTimes - Published |
Will Term Life Insurance Premium, Senior Citizen's Health Coverage Be Exempt From GST? Final Decision Next MonthA final decision on GST on health and life insurance premiums, as well as rate rationalisation, is likely to the taken by the GST Council, chaired by Union Finance Minister and comprising state..Zee News - Published | GST On Term Life Insurance Premium, Health Coverage For Senior Citizen Likely To Be ExemptGST On Health Insurance Premium: The GST Council addressed this issue during its September meeting, following discussions about the 18 per cent GST on life and health insurance premiums.Zee News - Published |
GST on term life and health insurance premiums may be exemptedThe Group of Ministers (GoM) decides to recommend waiving GST on health and term life insurance premiums for senior citizens, with a focus on providing financial relief. The GST Council will finalize..IndiaTimes - Published | GST Council Forms GoM To Review Tax Rate On Health, Life Insurance; Report By Oct 30The 54th GST Council meeting on September 9 decided to set up a GoM to examine and review the present tax structure of GST on life and medical insurance.Zee News - Published |
GST Council's decision on tax related to foreign airlines a 'positive development': IATAIATA chief Willie Walsh has commended India's decision to exempt foreign airlines from GST on imported services, resolving concerns over Rs 10,000 crore in tax demands. This development alleviates..IndiaTimes - Published | What Has Become Cheaper And What Has Become Expensive After GST Council Meeting? CheckOver the years, GST has, among others, simplified compliance and reduced the cascading impact of tax.Zee News - Published |
Will GST On Health, Life Insurance Premiums Be Reduced? GST Council To Finalise Tax Cuts In November, Sets Up GoMCurrently, 18 per cent GST is levied on health and life insurance premiums.Zee News - Published | GST Council Meet On September 9: From Taxation On Insurance Premium, Rate Rationalisation --Check Key ExpectationsAccording to industry sources, the GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, is also likely to discuss the operationalisation of the GST Appellate Tribunal mechanism which is..Zee News - Published |
Many states wary of lower GST on health, life coversThe GST Council is preparing to debate lower taxes on health and life insurance, but states worry about revenue loss. The meeting will also cover online gaming and GST clarifications for branches...IndiaTimes - Published | Lower GST On Flex-Fuel Vehicles? Nitin Gadkari Urges State FM's To ConsiderFlex-Fuel Vehicles: Union Minister Nitin Gadkari on Monday said state finance ministers should consider reducing Goods and Services Tax (GST) on flex-fuel vehicles to 12 per cent in the GST Council..Zee News - Published |
States are also cautious on GST rate cuts: SitharamanFinance Minister Nirmala Sitharaman stated that the GST Council plans to address rate rationalisation, with states cautious about revenue concerns. The council aims to keep existing tax slabs intact..IndiaTimes - Published | Ministers panel on GST reviews rates of several categoriesThe GoM on GST rate rationalisation deferred reworking slabs but reviewed rates in the 12% and 18% categories. Focus areas include health insurance, restaurants, and some food products. Despite strong..IndiaTimes - Published |
GST Council recommends exemption for hostel services, subject to conditionsIndiaTimes - Published | 'As is where is' added to GST lexiconThe GST Council clarified pending issues on levy for sprinklers, poultry machinery, and more to avoid disputes. Tax experts note refunds won't be given to those who paid demands, but those in prolonged..IndiaTimes - Published |
GST waiver on ESOPs spells relief for companies like MS, Google & OracleThe GST Council waived the levy on ESOPs benefiting companies like Microsoft, Google, Oracle in India. The decision was made after months of pending discussion and legal suggestions, providing relief..IndiaTimes - Published | GST notices pending against less than 2% of taxpayers: FM SitharamanFinance minister Nirmala Sitharaman reassured taxpayers of easing their lives under CGST. She addressed concerns over opposition attacks on GST, emphasizing reconciliatory administration. The GST..IndiaTimes - Published |
No GST on hostels, rail platform ticket, waiting room, ESOPsGST Council exempts hostel fees, platform tickets, and more from GST. Hostels under Rs 20,000/month are exempt. Nirmala Sitharaman announces tax exemptions for employee stock options. System reworked..IndiaTimes - Published | New GST era set to start with end of anti-profiteering clauseGST Council signals intent for rationalisation with possible reduction in slabs. End of anti-profiteering clause from April. New finance ministers join Council. Discussion on compensation cess for..IndiaTimes - Published |
GST Council Meeting: FM Nirmala Sitharaman announces 10 key decisions, here's what will get cheaper and costlierThe council addressed various issues, from GST rates on solar cookers to measures against fake invoicingDNA - Published | GST Council Meeting: FM Sitharaman Announces Nationwide Biometric Authentication- Key HighlightsThe Council proposed a uniform GST rate of 12 per cent on all milk cans, regardless of the material they are made from (steel, iron, aluminum), aiming to resolve disputes.Zee News - Published |
Budget 2024: FM Nirmala Sitharaman Chairs Pre-Budget Meeting With State, UT Finance MinistersThis is the first meeting of the GST council after the formation of the new government.Zee News - Published | Sitharaman chairs 53rd GST council, pre-budget meeting with finance ministers of states, UTsUnion Finance Minister Nirmala Sitharaman chairs the 53rd GST Council meeting at Bharat Mandapam in New Delhi, with state finance ministers, leading economists, and economic stakeholders for the Union..IndiaTimes - Published |
GST Council Meet today: What will be the agenda? Check hereThe 53rd GST Council meeting is set for June 22, 2024, in New Delhi.DNA - Published | GST Council meet may not look at online gaming taxThe GST Council meeting, chaired by union finance minister Nirmala Sitharaman, will address immediate business needs, clarify issues like extra neutral alcohol (ENA), and prioritize legal amendments..IndiaTimes - Published |
‘Taxpayers want rationalisation of GST rates, amnesty scheme’Taxpayers call for rationalisation of GST rates, faceless dealings, and an amnesty scheme. Deloitte survey highlights the need to address the inverted duty structure and challenges related to tax..IndiaTimes - Published | Nirmala Sitharaman To Hold Pre-budget Talks With India Inc, Farmers’ Bodies, State FMs This WeekThe Finance Minister will also hold a meeting with the finance ministers of states for consultations on the budget when they arrive in New Delhi for the GST Council meeting on Saturday.Zee News - Published |
Rate rejig may come back on GST Council tableIndiaTimes - Published | Companies gear up for litigation on GST anti-profiteering clauseCompanies challenge NAA's methodology, seek remedy in GST Appellate Tribunal. Complexity arises due to lack of clear methodology for individual calculations. FMCG argues increased costs during GST..IndiaTimes - Published |
