gst council


National GST appellate tribunal on anvil, Council to decide on July 21

Jul 19 2018

The GST Council will consider setting up of a National Appellate Tribunal in Delhi with three regional benches with members from judiciary as well as tax departments to hear appeals against the order of the appellate authority set up by states under the GST regime.

GST Council to decide when GST can be levied on petroleum products: Government

Jul 18 2018

The petroleum products are "constitutionally included" under the Goods and Services Tax (GST) but it is the GST Council which includes Finance Ministers of all states that would decide when petrol, diesel etc can be brought under its regime, parliament was told.

Natural gas, ATF in GST this week?

Jul 15 2018

The all-powerful GST Council may this week consider bringing jet fuel (ATF) and natural gas under GST ambit but tax slab is acting as a deterrent, people familiar with the matter said.

Merit-based GST rate rationalisation possible in next council meet: Goyal

Jul 12 2018

The GST Council may look at rationalising tax rates on some items on the basis of merit after ensuring right balance with revenue mop up, Finance Minister Piyush Goyal said.

GST Council to consider rate cut on items with low revenue impact on Jul 21

Jul 11 2018

The Goods and Services Tax Council may consider a reduction in tax rates on a host of items with low revenue implications as part of the tax rationalisation exercise in its next meeting on July 21.

GoM favours deferment of sops for digital payments under GST by a year

Jul 08 2018

The Sushil Modi led ministerial panel will recommend to GST Council to defer by a year the proposal to incentivise digital payments under GST.

GST Council to discuss annual return forms on Jul 21; experts expect reconciliation with ITR

Jul 08 2018

Tax experts said they expect the annual returns form to be in line with that in the erstwhile VAT regime, with some columns for reconciliation with IT returns and audit report.

Petroleum products to be brought under GST in stages, says Adhia

Jul 06 2018

Finance Secretary Hasmukh Adhia today said the all powerful GST Council will consider bringing petroleum products under Goods and Services Tax (GST) and it could happen in phases.

GST collections to top Rs 13 lakh cr this fiscal: Goyal

Jul 01 2018

Goyal exuded confidence that GST collections will exceed Rs 13 lakh cr in the current fiscal and with increased revenues there will be further scope to rationalise the tax rates.

Abolish IGST to make tax system effective: Sisodia

Jun 27 2018

Manish Sisodia today demanded abolishing Integrated GST, saying Rs 1.81 lakh crore has accumulated in the IGST fund but the money is lying idle and is causing economic loss.

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