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GST COUNCIL RECOMMENDATIONS
Affordable housing, rental expansion and RERA reforms set to define next growth phase in India's urban region: ReportIndia's housing sector is set for a major overhaul, driven by urbanization and policy shifts. A report highlights the urgent need for affor...
Online gaming money tax dispute: GST to be charged on full value of the deposit, rules Supreme Court, know how it impacts the playersThe Supreme Court has settled India's online gaming tax dispute. GST will now be charged on the full value of player deposits, not just the...
CII proposes comprehensive reforms to streamline industrial land access in IndiaThe Confederation of Indian Industry has presented a plan to fix issues in India's industrial land system. This aims to boost manufacturing...
Establish 'GST-like' industrial land council for dispute resolution: CIIIndustry lobby CII proposes a National Industrial Land Council, mirroring the GST framework, to standardize regulations and resolve dispute...
No GST on UPI transactions: Govt clarifies in Rajya SabhaThe Finance Ministry has clarified that there are no plans to impose GST on UPI transactions exceeding Rs 2000. Pankaj Chaudhary, Finance M...
Reports of GST rate changes on various goods and services speculative: CBICThe Central Board of Indirect Taxes & Customs (CBIC) clarified that media reports about GST rate changes recommended by the Group of Minist...
Government earned Rs 4,792 crore GST on education services in FY24; check which services are exemptGoods and Services tax: Pankaj Chaudhary, minister of state in the ministry of finance said in Lok Sabha that the government has earned Rs ...
GST council refers Par panel recos to cut GST on fertiliser to Group of MinistersTalking to reporters after the 53rd GST council meeting, Keshav said the proposal to reduce the GST rate on fertilisers has been referred t...
Retro tax waiver set to ease gaming companies Rs 1 lakh core tax painThe Goods and Services Tax (GST) council's recommendation to allow the government to overrule retrospective tax demands could resolve pendi...
GST Council Meeting: Railway Platform tickets exempted from GST, biometric authentication push & other key decisionsAt its 53rd meeting in New Delhi, the GST Council decided to implement nationwide biometric authentication to combat fake invoicing. Financ...
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...
GST Council cedes right to levy tax on distilled alcohol to statesFinance Minister Nirmala Sitharaman said that Allahabad High Court had ruled that states have no power to impose tax on Extra Neutral Alcoh...
GST Council recommended 28% GST on deposits with companiesThe goods and services tax (GST) council on Wednesday gave partial relief to online gaming companies clarifying that 28 per cent GST will b...
Fears of derailing GST are far-fetchedUniform taxation of goods and services, and the seamless integration of the input tax credit chain made India a common national market, wit...
SC ruling unlikely to alter GST regime; power to reject Council's recos never used: Revenue SecyThe recommendations of the GST Council, as per the Constitutional amendment, were always a guidance and never a mandatory compliance, Reven...
Opposition-ruled states say GST verdict upholds federal rightsTamil Nadu finance minister P Thiaga Rajan said the judgement was in line with what he had been flagging and would discuss the way forward ...
SC rules GST Council's recommendations are not binding on Centre and statesA bench led by Justice DY Chandrachud held that the Central government and States have simultaneous powers to legislate on Goods and Servic...
GoM suggests cut in GST on Covid relief material to 5 per centThe GoM, headed by Meghalaya chief minister Conrad Sangma, has suggested reduction in GST rates of Covid relief material to 5% on items inc...
Revision in rates along with other key decisions likely as 28th meeting of GST Council beginsA number of key decisions are likely to be taken at the meeting including revision in slabs for almost three dozen items.
GST panel recommends no extra tax incentives for digital transactionsThe panel has decided to wait for stabilisation of revenues under Goods and Services Tax and the new return filing systems in the current f...