Gift vouchers won't attract GST, clarifies CouncilThe GST Council declared that voucher transactions will not be subject to GST, providing relief to retailers. This decision clarifies that ...
21 Dec, 2024, 04.24 PM IST
Reinsurance and coinsurance not under tax ambitThe GST Council also recommended clarifications on taxability of reimbursements of securities or shares as employee stock option plans give...
24 Jun, 2024, 05.30 AM IST
GST Council likely to consider a review of 28% tax on online gaming at June 22 meetingThe council may also take up recommendation of the fitment committee on inverted duty structure of 15 items, officials aware of the matter ...
14 Jun, 2024, 05.30 AM IST
GST council’s role only recommendatory, not binding, asserts Madras High CourtThis decision is significant as it provides support to taxpayers facing GST demands solely based on council discussions or clarificatory ci...
22 Nov, 2023, 01.00 PM IST
No GST on Gangajal, CBIC refute reportsThe clarifications came after certain media reports that the centre has imposed 18% GST on Gangajal, which was flagged further by the oppos...
12 Oct, 2023, 05.11 PM IST
GST council meeting today, what is the agenda?The Goods and Services Tax (GST) council will meet to discuss various topics including exemption on GST on powdered millets, extending conc...
07 Oct, 2023, 11.24 AM IST
Will approach GST Council on online gaming regulatory framework after it is in place: Rajeev ChandrasekharMedia outlets had earlier reported, quoting Chandrasekhar, that he would “request the GST council for consideration on the new regulatory f...
18 Jul, 2023, 03.23 PM IST
F&B sold at cinemas to attract 5% GST, industry welcomes moveThe multiplex industry has welcomed the GST Council's notification that food and drinks (F&B) sold at movies will be covered under the defi...
12 Jul, 2023, 12.31 PM IST
GST council clears draft for new GSTR-3B formThis would also help curb the menace of fake billing, whereby sellers would show higher sales in GSTR-1 to enable buyers to claim input tax...
01 Jul, 2022, 01.17 AM IST
GST dept may soon clarify on exemptions to IVF, tax on honorarium paid to guest anchorsA committee of tax officers from the Centre and states, referred to as the Fitment Committee, has informed the GST Council that healthcare ...
24 Jun, 2022, 04.10 PM IST
Karnataka High Court stays retro tax call on annuity to infra companiesA host of summons have been issued by the GST authorities since the issuance of clarification after the GST Council decided to exempt toll ...
26 Dec, 2021, 11.15 PM IST
GST Council's clarifications could spell relief for companiesGST Council has issued two clarifications that would provide relief to companies like insurers, banks and captives of overseas corporations...
20 Sep, 2021, 04.22 PM IST
Nasscom hails GST Council's clarification on scope of 'intermediary services'Nasscom also welcomed the decision of the Council to clarify that subsidiaries or group companies (companies incorporated in India) will be...
18 Sep, 2021, 12.55 PM IST
GST: Taxability of annuity on road construction still a grey areaIn its recent meeting the Council had clarified that annuity paid for 'service by way of access to a road or a bridge' is exempt from GST.
31 May, 2021, 04.58 PM IST
Biggest triumphs associated with GST is the depiction of cooperative federalismThe GST Council has approved new simplified return formats and these are expected to be launched on a pilot basis from April and full-fledg...
01 Mar, 2019, 02.28 PM IST
31st GST Council Meeting - The hits and missesThe Council had in detail evaluated the various proposals of rate reduction; specifically for the goods covered under the 28% list, with an...
26 Dec, 2018, 12.14 PM IST
Clarity on GST over aircraft imports soonApart from Air India, one aircraft each of IndiGo, Vistara and AirAsia India are stuck because of the confusion, as are planes of other air...
17 Jul, 2017, 12.12 AM IST