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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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No consensus at GST Council, next meet on December 11 & 12

No consensus at GST Council, next meet on December 11 & 12

Sun, Dec 04, 2016

For the third time in one month, the GST Council on Saturday failed to break deadlock over control of assessees under the new indirect tax regime, an issue that has been holding up supporting bills essential for the goods and services tax (GST) rollout from April 1 next year.

Keeping fingers crossed on breakthrough in GST Council: Arun Jaitley

Keeping fingers crossed on breakthrough in GST Council: Arun Jaitley

Sat, Dec 03, 2016

With the fifth meeting of the Goods and Services Tax (GST) Council remaining inconclusive as the impasse over the issue of assessee jurisdiction continued, Union Finance Minister Arun Jaitley on Saturday said he was keeping his fingers crossed.

Constitutional compulsion to roll out GST before Sept 16, 2017: Arun Jaitley

Constitutional compulsion to roll out GST before Sept 16, 2017: Arun Jaitley

Sat, Dec 03, 2016

Citing constitutional compulsion, Finance Minister Arun Jaitley on Friday sought to drive home the point that the Goods and Services Tax (GST) has to roll out before September 16 next year as the existing indirect taxes will come to an end by then and it would not be possible to run the country w

Centre to compensate states every quarter for GST revenue loss

Centre to compensate states every quarter for GST revenue loss

Sat, Nov 26, 2016

States will receive provisional compensation from Centre for loss of revenue from implementation of Goods and Services Tax (GST) every quarter but the final annual number would be decided after an audit carried out by CAG.

Centre releases revised drafts of 3 GST laws, to be placed before Council on Dec 2-3

Centre releases revised drafts of 3 GST laws, to be placed before Council on Dec 2-3

Sat, Nov 26, 2016

The revised drafts of three Goods and Services Tax (GST) laws have been released after incorporating suggestions from stakeholders, the government said on Saturday. These will now be placed before the Goods and Services Tax (GST) Council in its next meeting on December 2 and 3.

GST: No consensus on jurisdiction over assessees

GST: No consensus on jurisdiction over assessees

Sun, Nov 20, 2016

The government aims to roll out GST, which will subsume excise, service tax and local levies, from April next year.

A day in the life of Indian consumers after GST

A day in the life of Indian consumers after GST

Fri, Nov 04, 2016

The broad based tax structure under the much awaited Goods and Service Tax (GST) were decided by the GST Council to be 0%, 5%, 12%, 18% and 28% on Thursday.

There should be minimum tax on ayurvedic products: Acharya Balkrishna

There should be minimum tax on ayurvedic products: Acharya Balkrishna

Fri, Nov 04, 2016

After the GST Council fixed the tax rates on various products on Thursday, Patanjali Ayurved's chief executive officer Acharya Balkrishna told Zee Business that there should be minimum tax on ayurvedic products.

GST to be less regressive with lower tax band at 5%: Experts

GST to be less regressive with lower tax band at 5%: Experts

Fri, Nov 04, 2016

A zero tax on daily necessities as well as lower rate of 5% for items of mass consumption will make the new Goods and Services Tax (GST) regime, to be rolled out from April next year, less regressive, tax experts said.

Panel fixes GST rate structure, FM Jaitley says

Panel fixes GST rate structure, FM Jaitley says

Thu, Nov 03, 2016

States getting lower revenue than this would be compensated by the Centre.

WATCH: Top 5 stories of this morning; From GST Council to conduct meeting on GST rates to petrol dealer association to hold protest today

WATCH: Top 5 stories of this morning; From GST Council to conduct meeting on GST rates to petrol dealer association to hold protest today

Thu, Nov 03, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of this morning: 1. SGX Nifty slides amid continuous weak cues

GST Council to discuss tax rates, dual control today

GST Council to discuss tax rates, dual control today

Thu, Nov 03, 2016

With barely a fortnight left for Parliament's Winter Session, the GST Council will begin its crucial two-day meeting on Thursday to decide on tax rate including the levy of cess and sort out the vexed issue of jurisdiction over assessees.

Hike GST rate by 1 to 2%, do not levy cess, says Assocham to FM Jaitley

Hike GST rate by 1 to 2%, do not levy cess, says Assocham to FM Jaitley

Wed, Nov 02, 2016

Industry chamber Assocham has made a pitch to Finance Minister Arun Jaitley not to levy cess, but hike GST rate by 1 to 2% to garner additional resources to compensate states for any revenue loss on rollout of the new regime from April next year.

Full text: Two issues FM Jaitley points out before GST Council meet

Full text: Two issues FM Jaitley points out before GST Council meet

Wed, Oct 26, 2016

The GST Council comprising of the Finance Ministers' of the Union and the State Governments has had three detailed meetings spread over several days.

GST rate structure to be decided on November 3-4: FM Jaitley

GST rate structure to be decided on November 3-4: FM Jaitley

Wed, Oct 19, 2016

The GST Council meeting on November 9-10 to decide on draft legislations.

Sensex trading flat after biggest rally in 5 months

Sensex trading flat after biggest rally in 5 months

Wed, Oct 19, 2016

UPDATE: At 0956 hours markets spiralled downwards as Sensex fell 0.11% to 28,022.51 points and Nifty 50 fell 0.08% to 8,671.30 points.

GST Council to take final decision on tax rate on October 19

GST Council to take final decision on tax rate on October 19

Wed, Oct 19, 2016

The decision on the Goods and Services Tax (GST) rates, which will have four slabs, will be taken on Wednesday by the GST Council that kicked off its three-day meeting on Tuesday. On Tuesday, the GST Council reached a consensus on state compensation and the base year will be 2015-16.

GST tax rate structure to be decided tomorrow: FM Jaitley

GST tax rate structure to be decided tomorrow: FM Jaitley

Tue, Oct 18, 2016

"To ensure rates will not be inflationary", Jaitley said.

Rahul Gandhi demands 18% cap on GST tax rate

Rahul Gandhi demands 18% cap on GST tax rate

Tue, Oct 18, 2016

Indian National Congress vice president and MP Rahul Gandhi has demanded 18% cap on the GST tax rate ahead of the GST Council's third meeting which begins from Tuesday.

Watch : FM Arun Jaitley speaking after GST Council Meet

Watch : FM Arun Jaitley speaking after GST Council Meet

Fri, Sep 30, 2016

Watch complete news story of FM Arun Jaitley speaking after GST Council Meet for getting detailed updates!

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