Tag: GST Council
17 Results
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GST cut in realty sector: Mixed reactions from industry experts
It is a buyer-centric move. Developers will be burdened with GST payments to vendors, suppliers, agencies and contractors and it will increase the cost further amid the already shrinking margin due to the dynamic policies of the government.
February 25, 2019 -
Will GST boost revenue and benefit consumers?
After the initial hiccups GST is touted as now settling to provide the comfort blanket for producers of goods and services as also consumers, after having been blamed for the economy’s slowdown along with demonetization.
January 26, 2019 -
Real Estate GST rates: Decoding recent clarifications by GST Council
What is still missing in the real estate market is the intention of builders to pass on the benefit of the lower cost to the consumer. On December 8, the GST Council issued a notification seeking to address this very concern
December 28, 2018 -
FICCI lauds GST Council’s decision to reduce tax rates on several items, services
"The government has been pro-actively engaging with various sectors and I am confident that going forward the council would continue to address issues," he added.
December 23, 2018 -
GST collection crosses Rs 94,000 cr in September
"The revenue collected in September shows an upward trend as compared to the August collection," the Finance Ministry said.
October 1, 2018 -
Petrol, diesel prices not discussed: Arun Jaitley after GST Council meet
Earlier, when asked whether the GST council meeting discussed bringing petrol and diesel under the ambit of Goods and Services Tax (GST)
September 28, 2018 -
GST Council sets up GoM on imposing cess in case of disasters
He added another view was whether there should be an all-India levy and should it be confined only to some luxury and sin products or on all products.
September 28, 2018 -
Glitch-ridden GST was due to lack of time: GSTN CEO
The GSTN prepared all its systems based on the draft law but in March last year, the laws were modified.
August 12, 2018 -
Lok Sabha passes GST amendment bills
Goyal said that acknowledging the need to simplify return filing process, a committee was set up to study return forms which came up with a single-page return.
August 9, 2018 -
A year after GST ~ II
The brilliant minds that had crafted the GST architecture and drafted the related statutes should have given a little thought to the fact that to roll out such a hugely complicated tax system driven entirely by technology was likely to create problems with dealers and traders who may not have touched a mouse or keyboard in their lives, and provided for an easier and more user-friendly alternative.
July 23, 2018 -
GST Council tweaks rates | Complete list of items that will get cheaper
Decisions applicable from 27 July; Piyush Goyal says the GST Council will now focus on job creation too.
July 22, 2018 -
‘Sanitary napkins to be exempt from GST’
Sanitary napkins are taxed 12 per cent tax under the one-year old GST regime, which attracted serious criticism from various quarters.
July 21, 2018 -
India’s growth story intact; GDP to grow around 7.5%: Ficci
Despite short-term challenges India's economic growth story remains intact and the country's GDP is expected to grow around 7.5 per cent in the current financial year.
July 19, 2018 -
GST Council to decide when GST can be levied on petroleum products: Govt
"Accordingly, five state governments and one Union Territory have reduced the VAT on petrol and diesel," he said.
July 18, 2018 -
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GST Council to decide on simplified GST return in July 21 meet: Piyush Goyal
The GST Council will discuss ease of filing returns, ease of assessment and may also consider further rationalisation of tax rates in its upcoming meeting on July 21, Finance Minister Piyush Goyal said on Thursday. He said the Goods and Services Tax (GST) Council had been responsive to industry demands and it will take the …
Continue reading "GST Council to decide on simplified GST return in July 21 meet: Piyush Goyal"
July 12, 2018 -
New method of filing GST returns in 6 months, panel to examine sugar cess
The GST Council on Friday decided to roll out in six months a new method of filing monthly returns and to take over ownership of the GST Network (GSTN), even as it deferred a decision on imposing a sugar cess and allowing an incentive for digital payments. Briefing reporters here following the 27th meeting of …
Continue reading "New method of filing GST returns in 6 months, panel to examine sugar cess"
May 4, 2018