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News
GST Council
GST Council News
GST
18 Nov 2024
GST Council To Discuss Tax Relief For Insurance On Dec 21
GST on premiums paid by individuals, other than senior citizens, for health insurance of up to Rs 5 lakh, is proposed to be exempted.
GST
20 Oct 2024
GoM Proposes To Raise GST 0n Luxury Shoes, Watches, Aims Revenue Boost
The GoM members also decided to lower tax rates on 20-litre packaged drinking water bottles and bicycles to 5 per cent from 18 per cent.
GST
15 Sep 2024
GST Council Forms GoM To Review Tax Rate On Health, Life Insurance
The 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.
GST Council
10 Sep 2024
What Has Become Cheaper And What Has Become Expensive After GST Council Meet
Over the years, GST has, among others, simplified compliance and reduced the cascading impact of tax.
GST
10 Sep 2024
Will GST On Health, Life Insurance Premiums Be Reduced? Decision In Nov
Currently, 18 per cent GST is levied on health and life insurance premiums.
GST Council
09 Sep 2024
18% GST On Rs 2,000 Transaction: Payment Aggregators Rue Lack Of Clarity
Reports suggest that if GST is applied retrospectively, payment aggregators may issue legal notices to millions of merchants nationwide to recover the tax.
GST Council
08 Oct 2023
GST Amnesty Scheme: Big Relief For Taxpayers At 52nd GST Council Meet - Check
In its meeting on Saturday, the 52nd GST Council extended the deadline for GST-registered enterprises to file appeals with an increased pre-deposit of 12.5 percent of the tax demand.
GST Council
03 Aug 2023
Taxing GST On Deposits Will Wipe Out 80% Of Online Gaming Industry
The GST Council has also decided to review the decisions on the rate of tax and valuation after six months of implementation of the amendments, giving some hope to the industry.
GST
02 Aug 2023
28% GST On Online Gaming Stays; To Be Reviewed After 6 Months Of Roll-Out
The panel had at its last meeting decided to levy a 28 percent GST on the full face value of bets placed and Wednesday's meeting was to deliberate on the tax law changes that would be required to implement it.
SUVs
12 Jul 2023
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.
GST Council
12 Jul 2023
GST Waived Off On Cancer Treatment Drugs, Special Medicines
Addressing a press conference after the marathon eight-hours-long meeting, Sitharaman said that tax exemption has also been extended to satellite launch services provided by private parties.
GST Council
11 Jul 2023
GST Council Meet Today: To Take Call On Taxing MUV, Horse Racing, Online Game
Setting up of a GST Tribunal and framing of their rules may also be taken up for discussion during the meeting.
GST Council
10 Jul 2023
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.
Goods and Services Tax
16 Jun 2023
GST Council Meet On July 11, Likely To Discuss Steps To Prevent THIS
Chairman of Central Board of Indirect Taxes and Customs (CBIC), Vivek Johri said this while speaking to reporters at the sidelines of an event.
GST
04 Feb 2023
GST Council to Meet on February 18; Check Top Agenda Here
The meeting is scheduled to be held in New Delhi on Feb 18. This is the 49th meeting of the GST council. The 48th GST Council meeting was held on December 17, 2022.
GST
16 Dec 2022
GST Council to meet tomorrow --Check the agenda of meeting
The rate changes recommended by the GST Council had become effective on July 18, 2022.
Goods and Services Tax
07 Jul 2022
GST on Hospital Admission: Gst's whip on medical services, 5% tax on bed rent
Responding to the representations of the industry, revenue secretary Tarun Bajaj also rejected the demand for zero-rating for healthcare industry saying such "carve-outs" may generate similar demands from other sectors, like education, and put upward pressure on taxation of other items in the GST net.
GST
04 Jul 2022
Highest 28% GST on luxury, sin goods to continue: Revenue Secy
Addressing the industry leaders, Bajaj said the rate rationalisation exercise of the GST Council is a result of introspection of GST, five years after its rollout, and the policymakers do not have a "fetish" to raise the tax rates to the revenue-neutral level of 15.5 per cent.
Cryptocurrency
10 May 2022
Crypto investors alert! GST Council mulling 28% tax on Bitcoin, others
Next GST meeting date yet to be finalised. 30% tax on profits made from the transfer of crypto assets, NFTs. India distinguishes between cryptocurrencies and crypto assets.
GST Council
29 Apr 2022
GST on online gaming, horse racing, fantasy games: Council to take final call
Speaking to reporters ahead of the GoM in the national capital on May 2, Godinho, the state's representative to the Council, also said that after the recommendations made by the GoM, the GST council would take a final call on the taxation policy for the three services.
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