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GST COUNCIL SITHARAMAN
India's economy resilient amid external shocks, says SitharamanIndia's economy shows resilience and strong domestic demand. Finance Minister Nirmala Sitharaman highlighted that external factors are caus...
Liquidity unlocked, access denied: With rating rules, how TReDS leaves most MSMEs behindDespite the government’s TReDS push, experts say the RBI’s move to ease onboarding lacks clarity as credit ratings continue to be a key bot...
Online betting: Telangana HC dismisses Fino Bank MD Rishi Gupta’s plea, denies bailGupta sought to be released on bail. He also moved to have the March 1 remand order passed by the special judge for trial of economic offen...
Caramelised popcorn’s sweetness in jeopardy? Sitharaman’s GST clarification adds a tangy twistThe GST Council clarified the tax rates for popcorn. Ready-to-eat popcorn with salt and spices will be taxed at 5% if loose and 12% if pre-...
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...
Cost of health, life insurance to come down if GST Council decides to reduce taxes on premium: FMFinance Minister Nirmala Sitharaman stated that insurance costs may decrease if the GST Council suggests lowering GST rates on health and l...
GST Council Meeting Key Takeaways: From medical insurance premium to rate rationalisation, here's what Sitharaman & Co decided54th Gst Council Meeting Key Takeaways: The 54th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, is taking place in Ne...
Less than 2% assessees under CGST gets notice, working to make taxpayers life easier: FM SitharamanAddressing the media post the GST Council meeting, the Minister said as of December 31, 2023, only 1.96 per cent of all active tax assessee...
Intention of Centre to levy GST on petrol, diesel; states will have to decide on rate: FM Nirmala SitharamanSitharaman mentioned the ongoing taxation of petrol and diesel through excise duty and VAT, urging states to collaborate in the GST Council...
Union Finance Minster Nirmala Sitharaman chairs pre-budget meeting with state finance ministersUnion Finance Minister Nirmala Sitharaman chaired a pre-budget meeting with state and union territories finance ministers at Bharat Mandapa...
GST Council meeting scheduled for June 22 in New DelhiThe 53rd meeting of the GST Council is slated to convene on June 22, 2024, in New Delhi, following the inauguration of a new government. Pr...
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 to decide cement rate cut on February 18A team of officials working with India's Goods and Services Tax Council will decide cutting rates for cement on Feb. 18, the chairperson of...
Urgently call GST Council meeting, Amit Mitra writes to SitharamanThe GST Council, chaired by Sitharaman and her counterparts from all states, last met on June 28-29 in Chandigarh. Thereafter, the meeting ...
Rate tweaks to make up for inefficiencies in value chain; states conscious of inflation impact: FM Sitharaman"Technology may correct anomalies for inefficiencies and therefore may have a possible impact on revenue collection. But the revenue-neutra...
GST Council Meet: Tax reduction on life saving drugs, and other key highlightsReducing taxes on life-saving medicines, bringing petrol and diesel within the ambit of indirect tax, rationalizing an inverted duty struct...
West Bengal FM Amit Mitra asks Sitharaman to undertake course correction in GST Council functioningIn a letter to Sitharaman, Mitra said that commitment towards working out a consensus was getting eroded, and said that an undercurrent of ...
43rd GST Council meeting begins via video conferencing"Finance Minister Nirmala Sitharaman chairing the 43rd GST Council meeting via video conferencing in New Delhi today. MOS Shri Anurag Thaku...
GST Council to discuss Attorney General's opinion on compensation: FM SitharamanUnder the GST structure, taxes are levied under 5 per cent, 12 per cent, 18 per cent and 28 per cent slabs. On top of the highest tax slab,...
GST Council meet to decide on slashing tax rate for e-vehicles postponedThe 36th GST Council meeting, which was to be held through video conferencing, had only one item in the agenda.