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"Gst Council"

Latest news and video coverage curated from trusted media outlets

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GST Council meeting: Tax rates, online gaming, policy changes; know what's on agenda

The 52nd meeting is aimed at discussing critical issues affecting the Indian tax system and finding collaborative solutions.
DNA - Published

No GST cut seen on cement, Li-ion cells

The GST Council is set to discuss the appointment of members to proposed tribunals during their meeting on Saturday. However, there are no expected changes to levies on cement, health insurance..
IndiaTimes - Published

GST Council to decide on taxing corporate, personal guarantees: Source


IndiaTimes - Published

India: GST Update Dated 04.10.2023 - J.P. Associates

No GST reduction on EV batteries as the GST Council's fitment committee has rejected proposal. EV industry sought reduction of GST on batteries...
Mondaq - Published

GST Council To Meet On Oct 7; Check What's In Agenda

The amendments also make registration mandatory for offshore e-gaming companies operating in India. It also provides for blocking of access in case offshore platforms fail to comply with GST..
Zee News - Published

28% levy on casinos, online games to stay: GST Council


IndiaTimes - Published

28% GST on online gaming likely from October 1: FM

Union finance minister Nirmala Sitharaman on Wednesday said that 28% GST on online gaming will hopefully be effective from October 1, 2023.Speaking to reporters after the GST Council meeting,..
IndiaTimes - Published

GST Council to virtually meet tomorrow, discuss taxation on online gaming


newKerala.com - Published

GST Council likely to finalise modalities for taxing online gaming, casinos on Wednesday

The GST Council in its last meeting on July 11 approved levying 28 per cent tax on full face value of bets in online gaming, casinos and horse racing.
DNA - Published Also reported by •IndiaTimes

28% GST on e-gaming, casinos is here to stay

Ruling out any change in the proposed 28% GST on online gaming and casinos, government sources said it is prudent to stick to levying tax on the gross value as any other method comes with complications..
IndiaTimes - Published

India: Gist Of Circulars Issued By CBIC On 17 July 2023 - Nexdigm Private Limited

The Central Board of Indirect Taxes and Customs (CBIC) issued various Circulars on 17 July 2023 to clarify the recommendations made in the 50th GST Council meeting held on 11 July 2023.
Mondaq - Published

From online gaming to eating in movie theatres, here's a list of things that got expensive and cheaper

The GST Council had a meeting on Tuesday and made some significant decisions. Check what got expensive and what got cheaper.
DNA - Published

SUVs To Get Expensive; GST Council Proposes New Cess Slabs - Check Here

The GST council has set new rules to identify SUVs, and the body style will now attract more taxes as the councils sets new cess slabs.
Zee News - Published

Online games face 28% GST; cola, popcorn in movie halls to cost less

The GST Council on Tuesday decided to levy 28% tax on the face value of “bets placed” on online games, chips purchased at casinos and bets placed with bookmakers at horse races, while slashing the..
IndiaTimes - Published

GST Council Decides To Impose 28% Tax On Turnover Of Online Gaming Firms

The panel, headed by the Union finance minister and comprising of representatives of all states and UTs, decided on tax rate based on recommendation of a group of ministers that looked at taxing..
Zee News - Published

GST Council agrees to levy 28% tax on online gaming, casinos and horse racing; check details

The GST Council has also approved the setting up of appellate tribunals.
DNA - Published

28% GST to be levied on full value of gaming, horse racing, casinos

The GST Council on Tuesday agreed to levy a 28 per cent tax on online gaming, casinos and horse racing and the tax would be levied on full face value. West Bengal finance minister Chandrima..
IndiaTimes - Published

With GST being linked to ED, traders paying tax could also be arrested: Delhi CM Arvind Kejriwal

Kejriwal hoped that people would oppose this development at the GST Council meeting on Tuesday.
DNA - Published

GST Council Meet Today, Likely To Take A Call On Taxing Heavy Utility Vehicles, Horse Racing, Online Gaming

Setting up of a GST Tribunal and framing of their rules may also be taken up for discussion during the meeting.
Zee News - Published

GST Council meet today: Tax on online gaming, ITC claims among key matters on agenda

GST Council is likely to take a final call on the recommendation of the Law Committee in its 50th meeting on Tuesday.
DNA - Published

GST Council Likely To Discuss Taxation Under ONDC During Meeting Tomorrow

Under ONDC, a buyer places an order with an e-commerce platform, which itself procures that consignment from another e-commerce platform.
Zee News - Published

GST Council to discuss industry demand of full CGST, 50% IGST refund in 11 hill states


IndiaTimes - Published

GST council may mull steps to prevent fake generation of ITC in next meeting: Official


newKerala.com - Published

GST Council Meet On July 11, Likely To Discuss Steps To Prevent Fake Generation Of ITC

Chairman of Central Board of Indirect Taxes and Customs (CBIC), Vivek Johri said this while speaking to reporters at the sidelines of an event.
Zee News - Published

India: Key Highlights Of GST Notifications And Clarification Circulars In March 2023 - Nexdigm Private Limited

As recommended in the GST Council's 49th meeting, with effect from 1 March 2023, 5% GST rate has been notified on Rab, when sold in pre-packaged and labeled...
Mondaq - Published

India: Update On GST Council Meeting Held On February 18, 2023 - IndusLaw

The 49th Goods and Services Tax ("GST") council meeting under the chairpersonship of the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman...
Mondaq - Published

Sisodia seeks removal of discrepancy in tax rates of 'papad' and 'kachri' at GST Council meeting


newKerala.com - Published

GST Council decides to set up tribunals for dispute resolution

Revenue Secretary Sanjay Malhotra told reporters that there will be a principal bench with states setting up their own benches. Each of the benches in the states will have two judicial members and an..
IndiaTimes - Published

FM Sitharaman chairs 49th meeting of the GST Council


newKerala.com - Published

GST Council meet top announcements: Goods and Service Tax reduced on...

The announcements were made after the 49th meeting of the GST Council on Saturday.
DNA - Published

GST Council Reduces Tax on Liquid Jaggery, Pencil Sharpeners

FM Sitharaman said all the GST compensation dues will be cleared, including Rs 16,982 crore for the month of June.
Zee News - Published

GST Council Meet Starts Today; Here are Key Things That can be Discussed

Goods and Services (GST) Council will meet on Saturday to discuss on various agenda in New Delhi including GST reduction on Millet-based products, Open health products, GOM on GST Tribunal, More.
Zee News - Published

Chorus Grows Around Bringing Petrol & Diesel Under GST as FM Sitharaman Puts Ball in State Courts

The 49th meeting of the GST Council is scheduled to be held here in the national capital on February 18, to be chaired by finance minister Sitharaman. 
Zee News - Published

GST Council to Meet on February 18; Online Gaming, Appellate Tribunal, GoM Report Top Agenda

The 48th Meeting of the GST Council was held on December 17, 2022, through video conference.
Zee News - Published

India: Budget Buzz - OIDAR - Economic Laws Practice

The 48th GST Council meeting had announced amendments to be made to the provisions relating to ‘Online Information and Database Access or Retrieval services' (OIDAR) to reduce interpretation...
Mondaq - Published

GST Council to Meet on February 18; Tax on Pan Masala, Gutka Companies, Online Gaming Top Agenda

The 49th GST Council meeting is likely to take up issues relating to taxation on 'pan masala' and 'gutka' companies, setting up of appellate tribunals, and GST levy on online gaming, casino, and horse..
Zee News - Published

India: Updates Issued By The Government On Certain Tax Matters Vide The 48th Goods And Services Tax Council Meeting - IndusLaw

The 48th Goods and Services Tax (GST) Council Meeting, which was scheduled virtually under the chairmanship of the Union Finance Minister Nirmala Sitharaman after a gap of more than 5...
Mondaq - Published

No proposal before govt to lower threshold for generating e-invoice

"There is no proposal before the Government, at present, to reduce this threshold limit to Rs 5 crore with effect from 01.01.2023, as no such recommendation has been made by GST Council as yet," the..
Zee News - Published

Mahindra Thar may get a price cut in India, not an 'SUV' as per GST council

According to the council, SUVs will attract 28% GST and 22% cess or 50 percent total tax.
DNA - Published

GST Council to allow e-commerce for unregistered vendors


newKerala.com - Published

Nirmala Sitharaman chairs 48th GST Council meeting; no tax increase on any item


newKerala.com - Published Also reported by •Zee News

GST Council recommends to decriminalise certain offences


newKerala.com - Published

What is an SUV? Know the official definition set by GST council

Nirmala Sitharaman stated the higher rate of 22% compensation cess applies to SUVs that meet all four parameters.
DNA - Published

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