Ministry of Finance Goods and Services Tax Council - Journey so far; GST Council met 30 times, took 918 decisions since its Constitution; 96% of decisions already been implemented through 294 Notifications 28 OCT 2018 Till date, the Goods and Services Tax ( GST ) Council has taken 918 decisions related to GST laws, rules, rates, compensation and taxation threshold etc. … [Read more...] about GST: Goods and Services Tax Council – Journey so far
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GST Council
Recommendations made by the GST Council for the Housing Sector to promote Affordable Housing for the masses come into force
Ministry of Finance Recommendations made by the GST Council for the Housing Sector to promote Affordable Housing for the masses come into force; Concessional Rate of GST of 12% extended to construction of houses constructed/ acquired under the Credit Linked Subsidy Scheme for EWS, LIG, MIG sections Posted On: 07 FEB 2018 1:45PM by PIB Delhi In its 25th Meeting held on … [Read more...] about Recommendations made by the GST Council for the Housing Sector to promote Affordable Housing for the masses come into force
GST: Cabinet approves promulgation of the Goods and Services Tax (Compensation to States) Ordinance, 2017
GST: Cabinet approves promulgation of the Goods and Services Tax (Compensation to States) Ordinance, 2017 The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval to the proposal of the Finance Ministry to promulgate an ordinance to suitably amend the Goods and Services Tax (Compensation to States) Act, 2017. The approval would allow to … [Read more...] about GST: Cabinet approves promulgation of the Goods and Services Tax (Compensation to States) Ordinance, 2017
GST Council Recommends Increase in Maximum Ceiling of Cess Leviable on Motor Vehicles Falling Under Headings 8702 and 8703 to 25% Instead of Present 15%
GST Council Recommends Increase in Maximum Ceiling of Cess Leviable on Motor Vehicles Falling Under Headings 8702 and 8703 to 25% Instead of Present 15% The GST Council considered the issue of cess leviable on motor vehicles in its 20th meeting held on the 5th of August 2017 and recommended that Central Government may move legislative amendments required for increase the … [Read more...] about GST Council Recommends Increase in Maximum Ceiling of Cess Leviable on Motor Vehicles Falling Under Headings 8702 and 8703 to 25% Instead of Present 15%
GST council finalises tax on services; exempts education, healthcare
GST council finalises tax on services; exempts education, healthcare The all-powerful GST Council today finalised tax rates for services under the Goods and Service Tax (GST) regime, scheduled to kick-infrom July 1. Healthcare and education would be exempt from GST. Kerala Finance Minister Thomas Isaac said there will be four rates for services at 5, 12, 18 and 28 per … [Read more...] about GST council finalises tax on services; exempts education, healthcare
GST council clears state GST laws, likely to roll out by July 1
GST council clears state GST laws, likely to roll out by July 1 New Delhi: GST council moved yet another step closer to implement the country's biggest tax reform possibly from July after the Centre and states agreed on a draft law that will enable states and union territories to impose the Goods and Services Tax (GST), all the five enabling draft bills stand approved to … [Read more...] about GST council clears state GST laws, likely to roll out by July 1
GST – 70,000 Tax Officials warn of non-cooperation movement
GST - 70,000 Tax Officials warn of non-cooperation movement Opposing some recent decisions taken by GST Council, various indirect tax officials' associations today decided to start non-cooperation movement. To start with, the employees associations will not celebrate international customs day on Friday. Besides, they will observe 'black day' by wearing black badges on … [Read more...] about GST – 70,000 Tax Officials warn of non-cooperation movement
GST Council likely to finalise tax rates shortly
GST Council likely to finalise tax rates shortly New Delhi: The GST Council, which began 2-day deliberations here today, is likely to shortly finalise a 4-tier tax structure with some tinkering of the Centre's proposal. The Centre has proposed 4-tier tax structure of 6, 12, 18 and 26 per cent, the peak rate being for FMCG and consumer durables. According to sources, … [Read more...] about GST Council likely to finalise tax rates shortly
Cabinet approves creation of GST Council and its Secretariat
Cabinet approves creation of GST Council and its Secretariat The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has approved setting up of GST Council and setting up its Secretariat as per the following details: (a) Creation of the GST Council as per Article 279A of the amended Constitution; (b) Creation of the GST Council Secretariat, with its … [Read more...] about Cabinet approves creation of GST Council and its Secretariat
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