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GST Council meet News

22 Dec 2024

GST Council Meeting: Key Recommendations To Provide Relief To Individuals

GST Council Meeting Highlights: The Council recommended reduction of payment of pre-deposit for filing an appeal before the Appellate Authority in respect of an order passed which involves only penalty amount.

22 Dec 2024

GST Council Defers Major Decisions, Key Issues Await Further Discussion

The GST Council also discussed the imposition of GST on quick commerce services, e-commerce, and food delivery platforms, but no decision was reached.

GST Council meet

21 Dec 2024

GST Council Meet Clarifies Tax On Popcorn; Tax Hiked On Used Car Sales

According to the report, ready-to-eat popcorn is set to attract varying GST rates based on its preparation and packaging, as decided in the 55th GST Council meeting on Saturday.

GST Council meet

09 Sep 2024

Medical Insurance To Be Exempted Under GST? FM Nirmala Sitharaman Says THIS

Both life insurance and medical insurance premiums attract a GST rate of 18 per cent. Recently, many leaders from opposition-ruled states have requested Finance Minister Sitharaman to reduce GST on medical insurance and premiums.

GST Council meet

08 Sep 2024

GST Council meet: Taxation On Insurance Premium, Rate Rationalisation Key Hope

The meeting is going to deliberate upon whether to reduce the tax burden on health insurance from the current 18 per cent or exempt certain categories of individuals, like senior citizens.

GST Council meet

02 Aug 2022

No GST on funeral, cremation, burial, or mortuary services: FM Sitharaman

Finance Minister Nirmala Sitharaman on Monday told the Lok Sabha that there is no GST on funeral, cremation, burial, or mortuary services. The opposition has alleged that the price hike has led to the people's anger.

GST Council meet

18 Jul 2022

Bank, hospital, hotel services to be costlier from today, July 18 --Here's why

In a bid to boost the government’s revenue, the council has decided to impose higher Goods and Services Tax (GST) on a host of household items and other services.

47th GST Council Meet

18 Jul 2022

Pay more GST on THESE important items, service from today: Check complete list

From today, July 18, the prices of several essential commodities and services are going to increase as the decision was taken at the 47th GST meeting chaired by FM Nirmala Sitharaman.

47th GST Council Meet

15 Jul 2022

Complete list of items that are becoming more expensive from Monday

From July 18, the prices of several essential commodities and services are going to increase as the decision was taken at the 47th GST meeting chaired by FM Nirmala Sitharaman.

47th GST Council Meet

13 Jul 2022

Drinking Milk will be expensive from NEXT week, BIG setback for 'COMMON MAN'

From July 18, the prices of several essential commodities are going to increase. From now on, you will have to pay more for daily food items. The decision was taken at the 47th GST meeting chaired by FM Nirmala Sitharaman said. She said that GST rates will increase on some new products and some goods and services from July 18, 2022.

47th GST Council Meet

29 Jun 2022

47th GST Council meet: Curd, paneer, hotels, bank facilities to get expensive

The council has decided to impose a 12% GST on hotel rooms below Rs 1000. So far, a 12% GST was imposed on hotel tariffs above the threshold.

GST Council meet

29 Jun 2022

GST Council meet: States' compensation, 28% tax on casinos to be discussed

The Day-2 will see deliberations on more vexed issues like compensation to states beyond June 2022. The GoM has recommended that online gaming should be taxed at full value of the consideration.

GST Council meet

28 Jun 2022

GST Council meet: States' compensation, tax tweaks on cards

Further, the meeting of the Council, chaired by the Union Finance Minister Nirmala Sitharaman and comprising state counterparts, will also clear levying the highest tax of 28 per cent on online games, casinos and horse racing, besides, measures to curb tax evasion, especially devising ways to tackle high-risk taxpayers in GST.

GST Council meet

27 Jun 2022

GST Council Meet: Rate Changes on some items, states compensation top agenda

The 47th meeting of the GST Council, headed by Union Finance Minister Nirmala Sitharaman and comprising representatives of all states and UTs, is scheduled for June 28-29. The Council is meeting after a gap of six months.

46th GST Council Meet

31 Dec 2021

GST Council defers hike in GST on textiles from 5% to 12%

The revision of rates in the textiles sector which was supposed to come into effect from January 1, 2022.

46th GST Council Meet

31 Dec 2021

46th GST Council meet chaired by FM Nirmala Sitharaman on December 31

GST, which subsumed indirect taxes like excise duty, service tax and VAT, was rolled out on July 1, 2017 and the compensation window ends on June 2022.

46th GST Council Meet

29 Dec 2021

46th GST Council meet on Dec 31: Check issues likely to be issued in the meet

The members are expected to discuss the report of the panel of state ministers on rate rationalisation. They could also discuss the proposed GST hike in textile. GST is a four-tier slab structure in which products are taxed 5, 12, 18 and 28 per cent.

GST council meeting

17 Sep 2021

GST Council Meeting: COVID-medicines GST-free till 31st December, petrol-diesel not in GST

Many important decisions were taken in the meeting of the GST Council held in Delhi on Friday. After the meeting, the government announced to make many costly life-saving medicines GST free. At the same time, there was no consensus in the meeting on the issue of making petrol and diesel GST-free. Union Finance Minister Nirmala Sitharaman held a press conference after the GST Council meeting.

GST Council meet

12 Oct 2020

GST Council meet: No consensus yet on compensation dues, says FM Sitharaman

Sitharaman said, "Every state has a business to do what it wants about its own borrowing" "GST Council has been gracious enough in unanimously agreeing to extend cess beyond 5 years" States sought clarifications on why the Centre cannot borrow on behalf of states and the government provided an explanation for the same, she added

25 Jul 2019

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