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GST Council

GST Council extends deadline for realty firms to opt for old GST rate till May 20

The GST Council, headed by Finance Minister Arun Jaitley and comprising state counterparts, had in March allowed real estate players to shift to 5 percent GST rate for residential units and 1 percent for affordable housing without the benefit of input tax credit (ITC) from April 1, 2019.

May 10, 2019, 12:17 PM IST

GST Council approves transition plan for new tax rates for real estate sector

Reasonable time for transition will be given to developers in consultation with states.

Mar 19, 2019, 14:55 PM IST

FinMin notifies April 1 as date for availing increased GST exemption limit, composition scheme

Besides, the effective date for availing higher turnover cap of Rs 1.5 crore for availing composition scheme by traders has also been fixed as April 1.

Mar 08, 2019, 10:36 AM IST

GST on under-construction flats, affordable housing slashed: Here are the benefits for home buyers

The new rate shall become applicable from April 1, 2019.

Feb 25, 2019, 12:58 PM IST

GST on under-construction flats slashed to 5%; affordable housing to attract 1%

In a big relief to home buyers, the GST Council Sunday slashed tax rates on under-construction housing properties to 5 per cent without the input tax credit, from the existing 12 per cent, Finance Minister Arun Jaitley said.

Feb 24, 2019, 18:28 PM IST

GST on under-construction flats slashed to 5%; affordable housing to attract 1%

In a big relief to home buyers, the GST Council Sunday slashed tax rates on under-construction housing properties to 5 per cent without the input tax credit, from the existing 12 per cent, Finance Minister Arun Jaitley said. 

Feb 24, 2019, 18:07 PM IST

GoM favours uniform tax on lottery, GST Council to decide rate on February 20

Currently, a state-organised lottery attracts 12 percent GST while a state-authorised lottery attracts 28 percent tax.

Feb 19, 2019, 10:15 AM IST

Cabinet clears setting up of centralised GST appellate authority

Goods and Services Tax Appellate Tribunal is the forum of second appeal in GST laws and the first common forum of dispute resolution between Centre and States.

Jan 23, 2019, 14:40 PM IST

DNA: Non Stop News, 10 January, 2019

This segment of DNA brings to you important stories of the day. Watch this video for more info.

Jan 10, 2019, 21:54 PM IST

GST Council meet: Big relief for small businessmen

The GST council in its ongoing meeting has decided to provide huge relief to small traders and manufacturers, sources told Zee Media. According to sources, the GST Council has decided now the manufacturers having turnover of Rs 1.5 crore can also avail benefits of composition scheme. Watch this video to know more.

Jan 10, 2019, 14:14 PM IST

Morning Breaking: Single GST rate in the process, cutting tax on cement a priority, says Jaitley

India is working towards a single national sales tax rate which could be a mid-point between 12 and 18 per cent, Finance Minister Arun Jaitley said on Monday, in an effort to simplify the tax structure.

Dec 25, 2018, 08:54 AM IST

5W1H: Movie tickets, TVs, video games to get cheaper as GST Council cuts tax on 40 items

This segment of Zee News brings to you latest updates. The 31st Goods and Services Tax (GST) Council meeting on Saturday decided to move 33 items from the 18 percent tax slab to 12 percent and 5 percent while six items were moved from 28 percent slab to 18 percent bracket. Watch this video to know more.

Dec 22, 2018, 19:50 PM IST

Watch top 4 news stories of the day

Watch this segment to know the top 4 news that we will focus on today.

Dec 22, 2018, 10:24 AM IST

Arun Jaitley calls for GST-like reform in healthcare, farm sector

Jaitley believed that Healthcare is an area where there would be least resistance for a federal institution.

Nov 29, 2018, 15:58 PM IST

GST Council may propose inclusion of ATF under GST in its next meeting

ATF constitutes approximately 35-40 percent of operational cost of an airline in India.

Aug 20, 2018, 16:14 PM IST

Consumers may get election bonanza as GST council may reduce slabs

The finance ministry is in favour of merging the two slabs of 12 percent and 18 percent.

Aug 10, 2018, 18:03 PM IST

GST rate cut on 100 items: Here is the full list

Finance Minister Piyush Goyal has said the focus on consumers and MSMEs.

Jul 21, 2018, 23:11 PM IST

Council to discuss bringing natural gas under GST ambit

The one nation, one tax united at least 17 different central and state indirect taxes under one umbrella to cut tax evasions and reduce corruption.

Jun 08, 2018, 16:19 PM IST

Fuel prices in GST? Oil Minister has been 'hoping, requesting, appealing' for months

He claims he is trying his best to convince GST Council but is anyone listening to Dharmendra Pradhan?

May 25, 2018, 07:51 AM IST

Trying to make consensus in GST Council on bringing petroleum under GST: Devendra Fadnavis

The soaring fuel prices have seen frantic calls for a cut in excise duty to ease the burden on consumers, but there seems no relief in the near future.

May 24, 2018, 13:04 PM IST