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GST Council

GST Council Proposes Tax-Free Health Premiums

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

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

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.

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

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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GST Council to discuss anti-profiteering clause at February 18 meet

GST Council to discuss anti-profiteering clause at February 18 meet

Wed, Feb 15, 2017

GST Council to discuss anti-profiteering clause at February 18 meet. Watch the full segment for more details.

Here's excerpt of full text of FM Arun Jaitley's Union Budget 2017 speech

Here's excerpt of full text of FM Arun Jaitley's Union Budget 2017 speech

Wed, Feb 01, 2017

Finance Minister Arun Jaitley presented India's Union Budget 2017-18 in the Lok Sabha in New Delhi on Wednesday.

Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough

Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough

Thu, Jan 26, 2017

Tax experts have said that Finance Minister Arun Jaitley is likely to cut taxes in Budget 2017.

States agree July 1 realistic date to implement GST, says Jaitley

States agree July 1 realistic date to implement GST, says Jaitley

Mon, Jan 16, 2017

In the ninth meet of the Goods and Service Tax (GST) Council, Finance Minister, Arun Jaitley admitted on Monday that July 1 would be the ‘realistic’ date to implement GST.

No decision by GST Council on dual control yet, says Kerala FM

No decision by GST Council on dual control yet, says Kerala FM

Mon, Jan 16, 2017

In the ninth meeting of the Goods and Service Tax (GST) Council on Monday, Kerala Finance Minister, Isaac Thomas said that the meet had no decision on dual control yet. He further added that Indian states will soon get the right to tax territorial waters.

Jaitley looks to break deadlock at GST meeting tomorrow

Jaitley looks to break deadlock at GST meeting tomorrow

Sun, Jan 15, 2017

Finance Minister Arun Jaitley will tomorrow look to break the deadlock over distribution of powers between centre and states to administer GST, an issue that is holding up launch of the new national sales tax from April.

Hope to resolve issues for GST rollout from April 1: Jaitley

Hope to resolve issues for GST rollout from April 1: Jaitley

Wed, Jan 11, 2017

With states and the Centre still locked in stalemate over control of tax payers, Finance Minister Arun Jaitley today said the issue will be resolved in next few weeks for rollout of the GST regime from April 1.

Nasscom meets GST Council on concerns over implementation

Nasscom meets GST Council on concerns over implementation

Tue, Jan 03, 2017

Cautioning that current form of GST implementation could pose serious challenges for IT sector, industry body Nasscom on Tuesday met the GST Council to express concern on tax treatment of software and make a case for 'single registration' under the new regime.

Keep labour-intensive sectors out of GST ambit: Nirmala Sitharaman

Keep labour-intensive sectors out of GST ambit: Nirmala Sitharaman

Tue, Jan 03, 2017

Commerce and Industry Ministry on Tuesday asked the GST Council to grant ab-initio exemption to exporters from the Goods and Services Tax (GST) and keep the labour-intensive sectors like leather and plantation completely out of the tax net or put them in lowest slab.

GST definitely not happening in April, Kerala finance minister says

GST definitely not happening in April, Kerala finance minister says

Tue, Jan 03, 2017

Goods and Services Tax (GST) implementation is definitely not happening in April, Kerala Finance Minister told reporters in New Delhi at the end of first day of discussions.

About 75% of targeted 60,000 officers trained for GST: NACEN

About 75% of targeted 60,000 officers trained for GST: NACEN

Sun, Dec 25, 2016

Uncertainty over the rollout date of GST notwithstanding, the NACEN has already trained about three-fourth of the targeted 60,000 field officials who would be instrumental in implementing the new indirect tax regime.

Resolution to dual control issue not far off, says FM Arun Jaitley

Resolution to dual control issue not far off, says FM Arun Jaitley

Sun, Dec 25, 2016

Union Finance Minsiter Arun Jaitley on Saturday said that the Goods and Services Tax (GST) Council has made "significant progress" on the provisions relating to the indirect tax regime and resolution of the "one difficult issue" of dual control or cross empowerment that deals with assessee jurisd

GST Council makes headway on bills, stuck on taxpayer control

GST Council makes headway on bills, stuck on taxpayer control

Sat, Dec 24, 2016

The all-powerful GST Council on Friday made a 'reasonable headway' on supporting legislations for the new indirect tax regime but its rollout from April 1 looked virtually impossible as it postponed discussion on the critical issue of administration and control of tax payers.

GST Council finalises compensation rules; next meet on Jan 3

GST Council finalises compensation rules; next meet on Jan 3

Fri, Dec 23, 2016

The two-day long Goods and Service Tax (GST) Council meeting, which was chaired by Finance Minister Arun Jaitley ended today. Along with Jaitley, state ministers were also present as members in this seventh meet.

GST Council meet ends for today; CGST clauses finalised: Sources

GST Council meet ends for today; CGST clauses finalised: Sources

Thu, Dec 22, 2016

As many as 20 chapters of the model GST law cleared in its last meeting earlier this month.

GST Council to consider model laws tomorrow

GST Council to consider model laws tomorrow

Wed, Dec 21, 2016

This will be the seventh meeting of the Council, which is headed by Union Finance Minister Arun Jaitley and has state ministers as members.

GST rollout may be pushed to July, industry needs time: Experts

GST rollout may be pushed to July, industry needs time: Experts

Sun, Dec 18, 2016

With "turf issue" over tax payer jurisdiction continuing to clog GST Council deliberations, the Goods and Services Tax (GST) rollout could be delayed by a quarter to July 1 as industry would require time to prepare itself, experts said.

GST can be rolled out anytime between April 1 to September 16: Arun Jaitley

GST can be rolled out anytime between April 1 to September 16: Arun Jaitley

Sat, Dec 17, 2016

Amid signs of slippage of the April 1 GST rollout target, Finance Minister Arun Jaitley said on Saturday ending resolution of "turf" issues, GST is a transactional levy that unlike income tax can be implemented anytime during the year.

All efforts made to meet April 1 deadline for GST roll out: FinMin

All efforts made to meet April 1 deadline for GST roll out: FinMin

Wed, Dec 14, 2016

The release said that since notification of the GST Council on September 12, six meetings of the Council have been held till now.

GST Council meeting commences in the shadow of demonetisation

GST Council meeting commences in the shadow of demonetisation

Sun, Dec 11, 2016

The sixth meeting of the Goods and Services Tax (GST) Council commenced in New Delhi on Sunday in the shadow of demonetisation, whose fallout has put a serious question mark on implementing GST by the central government`s targeted deadline of April 1, next year.

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