GST Council

GST Council Proposes Tax-Free Health Premiums

Thu, Nov 07, 2024

The GST Council is considering a proposal to make health insurance premiums tax-free. This move aims to reduce the financial burden on policyholders and promote wider access to healthcare coverage. If approved, the change could simplify tax calculations for individuals and encourage more people to invest in health insurance. This potential policy shift could have significant implications for the insurance industry and consumers alike

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GST Council sets up GoM on compensation cess; panel to submit report by December 31

Fri, Sep 27, 2024

With just one-and-a-half year remaining for the cess to end, the GST Council in its 54th meeting on September 9 decided to set up a GoM to decide the future course of the cess.

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GST Council: Rate rationalisation Group of Ministers to meet on September 25 to discuss slab, rate changes

Sun, Sep 22, 2024

During the August meeting, the panel had tasked the fitment committee comprising tax officers from the Centre and states to analyse the implication of tax rate change on some items and gather more data.

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Cigarette makers drop as GST Council hikes cess; ITC biggest loser

Tue, Jul 18, 2017

The Goods and Services Tax (GST) Council on Monday raised cess rates on cigarettes which will help the government earn Rs 5,000 crore more. Companies that make cigarettes dropped as investors rushed to sell shares.

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GST Council hikes cess on cigarettes

Tue, Jul 18, 2017

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2 weeks into GST: Council to take stock tomorrow

Sun, Jul 16, 2017

This will be the first meeting of the Council since the launch of the Goods and Services Tax (GST) on July 1 and the 19th since it was set up in September last year.

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GST Rollout: This is what you will pay for movie tickets, airline & railway tickets, footwear, cab rides and mobile phones

Fri, Jun 30, 2017

Lets see how GST impacts your daily expenses. Purely from a taxation perspective, GST is likely to be neutral.  

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'War room' set up to deal with GST crises

Tue, Jun 27, 2017

Central Board of Excise and Customs (CBEC) chief Vanaja N Sarna told PTI today that the unit will act as a quick resource centre for central and state government officials to address their queries on the historic tax reform scheduled to be implemented from July 1.

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Natural gas may be included in GST, to benefit ONGC

Tue, Jun 27, 2017

Currently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) and natural gas are not included in the new indirect tax structure, which is set to kick in from July 1.

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Won't blink on GST launch, no excuse for biz not being ready, says Jaitley

Tue, Jun 20, 2017

GST, which was originally planned to be implemented from April 1 but was deferred by three months, will be launched at a grand function in the historic Central Hall of Parliament on the midnight of June 30.

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Myntra eyes 25-fold jump in sales, 4 lakh new customers from upcoming sale

Mon, Jun 19, 2017

Myntra's sale comes at a time when brick and mortal retail stores are offering heavy discounts to customers to clear stocks, ahead of the GST roll-out from July 1.

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These important decisions can be taken at 17th GST council meeting

Mon, Jun 19, 2017

17th meeting of GST council chaired by Finance Minister Arun Jaitley will be held today. In the meeting, decisions related to e-way bill, lottery rates will be taken.

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Govt ropes in Amitabh Bachchan to promote GST

Mon, Jun 19, 2017

The Central Board of Excise and Customs will be making the 74-year-old Bachchan brand ambassador for GST. A 40-second video featuring him has already been shot and is being circulated.

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Govt relaxes GST return filing procedure; here are the deadlines specified

Mon, Jun 19, 2017

The GST Council decided to relax the returns filing procedure under the GST regime. The government said that tax would be payable on a simple return form – GSTR-3B.  

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GST Council clears anti-profiteering laws, relaxes return filing deadline

Sun, Jun 18, 2017

GST Council that met on Sunday has cleared rules of anti-profiteering under GST and set tax rates for state-run and government authorised lotteries.

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GST Impact: Small business owners feel jittery over e-way bill, sales tax rule

Tue, Jun 13, 2017

To protect interests of small businesses with the government's introduction of e-way bill and sales rule in the upcoming GST, industry owners have urged the GST Council for relaxed procedures and revised policies before it rolls out the new tax from July 1 this year.

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No IGST for buses travelling to Pakistan, Bangladesh

Mon, Jun 12, 2017

Trucks, tankers, vessels and containers will not be required to pay inter-state Goods and Services Tax, called IGST in the new regime as the GST Council exempted any mode of conveyance for carrying goods or passengers or for their repairs from the levy.

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GST will help in e-commerce export, but clarity on policy needed: Stakeholders

Mon, Jun 12, 2017

A few players in the e-commerce sector feel that under the current foreign trade policy, there is a "lack of clarity" in terms of e-commerce exports.

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IT hardware firms expect GST to hit biz; monitors to be dearer

Mon, Jun 12, 2017

IT hardware industry hailed the government's move to scale down goods and services tax rate for printers to 18 per cent but expect business to be impacted because of high 28 per cent rate imposed on computer monitors and projectors.

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Traders can e-verify GST registration application via OTP

Mon, Jun 12, 2017

Traders and businesses can opt for verification of their GST registration through the e-mode, including an OTP on their registered mobile number, sources said.

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Arun Jaitley hints at no review of GST rate on hybrid cars

Sun, Jun 11, 2017

Finance Minister Arun Jaitley today hinted that the tax rate on hybrid cars will not be reviewed, saying the industry demands were not in sync with a study conducted by tax officers.

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GST Council may revise rates on these goods today

Sat, Jun 10, 2017

Excess lobbying of industry bodies over the GST rates declared in the previous Council meet may push the government to review the tax rates on certain products. Here are a few of the articles the government is expected to review tomorrow at the 16th GST Council meet.

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Will investing in physical gold post GST a good option?

Tue, Jun 06, 2017

On one side where the jewellers are cheering the move, and rating agencies are expecting uptick in demand, but with 3% tax on gold, is it really a positive move?

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