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GST Council Meeting

GST Council to meet in Jaisalmer on December 21; may decide on insurance levy, rate rationalisation

GST Council to meet in Jaisalmer on December 21; may decide on insurance levy, rate rationalisation

Mon, Nov 18, 2024

The GST Council will meet on December 21 in Jaisalmer, in which the much-awaited decision on exemption or lower GST rate on health and life insurance is likely to be taken.

GST Council meeting to likely take place on December 21-22: GST on health, term insurance may be exempted

GST Council meeting to likely take place on December 21-22: GST on health, term insurance may be exempted

Tue, Nov 12, 2024

.GST Council meeting is scheduled on December and this time as was batted by the GoM in the October meet, we may see exemption of health insurance with coverage of up to Rs 5 lakhs and term insurance.

Breaking GST News: GoM to Deliver Report by October End!

Breaking GST News: GoM to Deliver Report by October End!

Mon, Sep 09, 2024

ABCD of GST decisions...more wait for cheap health insurance. GoM will give report by the end of October. Approval of formation of 2 new GoM panels. Know complete details in this video.

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New housing GST slabs will provide home buyers cheaper flats

New housing GST slabs will provide home buyers cheaper flats

Tue, Mar 19, 2019

The GST Council on Tuesday approved a transition plan for the implementation of new tax slabs for the real estate sector with applicable rules for housing units being applicable from April 1, 2019.

GST Council to consider implementation of lower GST rates for realty sector

GST Council to consider implementation of lower GST rates for realty sector

Mon, Mar 18, 2019

Currently, the goods and services tax (GST) is levied at 12 per cent with input tax credit (ITC) on payments made for under-construction property or ready-to-move-in flats where completion certificate is not issued at the time of sale. For affordable housing units, the existing tax rate is 8 per cent.

33rd GST council meeting underway: Government to give gift of cheaper housing

33rd GST council meeting underway: Government to give gift of cheaper housing

Sun, Feb 24, 2019

The 33rd meeting of the GST council is underway and presided by FM Arun Jaitley. Watch video

GST Council Meeting UPDATES: GST rates changed for under-construction flats, affordable housing

GST Council Meeting UPDATES: GST rates changed for under-construction flats, affordable housing

Sun, Feb 24, 2019

The GST Council had met briefly through video-conference on Wednesday when a number of non -BJP states had disagreed to make a decision on the issue without being physically present in the meeting.

GST on Homes: GoM for 5% tax on under-construction property, 3% on affordable housing

GST on Homes: GoM for 5% tax on under-construction property, 3% on affordable housing

Fri, Feb 08, 2019

GST on Homes: The Group of Ministers (GoM) has cleared a proposal to reduce GST on under-construction residential properties to 5%, from the current 12 percent, Zee Business TV reports.

Exclusive Interview of UP Finance Minister Rajesh Agarwal on GST Council meeting results

Exclusive Interview of UP Finance Minister Rajesh Agarwal on GST Council meeting results

Thu, Jan 10, 2019

This segment of Zee Business brings to you exclusive interview with UP Finance Minister Rajesh Agarwal on GST Council meeting results. Watch full video to know more.

Zee Business Exclusive interview with AB Pandey on GST council meeting

Zee Business Exclusive interview with AB Pandey on GST council meeting

Thu, Jan 10, 2019

This segment of Zee Business brings to you exclusive interview with AB Pandey on GST council meeting results. Watch full video to know more.

Exclusive interview with Uttarakhand Finance Minister, Prakash Pant on GST Council meet

Exclusive interview with Uttarakhand Finance Minister, Prakash Pant on GST Council meet

Thu, Jan 10, 2019

This segment of Zee Business brings to you Exclusive interview with Mr. Prakash Pant, Hon'ble Finance Minister, Uttarakhand on GST council meeting. Watch full video to know more.

News Live: GST Council to meet on January 10

News Live: GST Council to meet on January 10

Wed, Jan 09, 2019

The GST Council in its meeting on January 10 will discuss on the recommendations of the two ministerial panels. Watch video to know more information.

GST Council meeting on Jan 10, may discuss lowering tax on under-construction flats

GST Council meeting on Jan 10, may discuss lowering tax on under-construction flats

Wed, Jan 02, 2019

Currently, the Goods and Services Tax (GST) is levied at 12 per cent on payments made for under-construction property or ready-to-move-in flats where completion certificate has not been issued at the time of sale.

New Year new GST rates: These 23 items turn cheaper from January 1, 2019

New Year new GST rates: These 23 items turn cheaper from January 1, 2019

Tue, Jan 01, 2019

The GST Council on December 22 decided to cut tax rates on 23 goods and services, including movie tickets, TV and monitor screens and power banks and exempted frozen and preserved vegetables from the levy. Listen in

GST Council meeting: GoM to look into anomaly in GST collection in states, says Arun Jaitley

GST Council meeting: GoM to look into anomaly in GST collection in states, says Arun Jaitley

Sun, Dec 23, 2018

The study would include the underlying reasons for deviation from revenue collection targets vis-a-vis original assumptions discussed during the design of the GST system, its implementation and related structural issues, he said.

GST Council's 31st meeting on Dec 22 may reduce tax on cement

GST Council's 31st meeting on Dec 22 may reduce tax on cement

Mon, Dec 17, 2018

The 30th GST council meeting, which was held on 28th September 2018, had mainly discussed the administerial progress made in the newly-evolved tax system. It, however, discussed the necessity to levy cess in case of exigencies.

Prices of cigarettes, luxury cars, more to be hiked? Calamity Tax axe hangs heavy on sin goods

Prices of cigarettes, luxury cars, more to be hiked? Calamity Tax axe hangs heavy on sin goods

Fri, Sep 28, 2018

The Finance Minister said that apart from senior Union ministers, the panel would comprise members from the North Eastern, hill and coastal states which are most vulnerable to natural calamities. The GoM would evaluate all possibilities and submit its recommendations in the next few weeks after which another GST Council meeting will be called.

Get ready to pay more for this bad habit; price hike likely today

Get ready to pay more for this bad habit; price hike likely today

Fri, Sep 28, 2018

According to reports, the government bid is to mobilise additional resources to meet the cost of rehabilitation and reconstruction of Kerala, which was severely hit by the flood fury.

Will GST Council bite the bullet and bring jet fuel, natural gas under new tax regime?

Will GST Council bite the bullet and bring jet fuel, natural gas under new tax regime?

Tue, Jul 17, 2018

Notably, the central government currently charges 14 per cent excise duty on ATF, while states charge up to 30 per cent sales tax or VAT. Odisha and Chhattisgarh levy 5 percent VAT while Tamil Nadu taxes ATF at 29 percent, Maharashtra and Delhi at 25 percent and Karnataka at 28 percent.

GST tax rate cuts likely: Here is what will get cheaper and expensive

GST tax rate cuts likely: Here is what will get cheaper and expensive

Tue, Jul 17, 2018

Earlier in May, the GSTN had announced it will launch a single-return system for making the process easier and for improving compliance. Giving the blueprint of new filing system, Finance Secretary Hasmukh Adhia reportedly said it will take between 6 and 12 months to get it fully implemented. The new filing system is expected to be implemented in phases.

15 states will start intra-state e-way bill from February 1: FM Jaitley

15 states will start intra-state e-way bill from February 1: FM Jaitley

Thu, Jan 18, 2018

The Finance Minister said the Council may consider putting some new items under GST brackets. Further, he said that indirect taxes may pick up with anti-evasion measures.

GST Council meet: Simpler returns filing, e-way bill on agenda

GST Council meet: Simpler returns filing, e-way bill on agenda

Thu, Jan 18, 2018

The GST Council will today consider a host of proposals to simplify procedure for filing of returns, registration of large entities and take stock of the GSTN’s readiness for e-way bill rollout from February 1.

GST Council to meet today; relief for MSMEs, exporters on the agenda

GST Council to meet today; relief for MSMEs, exporters on the agenda

Fri, Oct 06, 2017

The 22nd GST Council Meeting is likely to discuss a special package for the micro, small and medium enterprises (MSMEs) and exporters.

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