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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 agrees on 5 areas; differ over decisions taken in first meeting

GST Council agrees on 5 areas; differ over decisions taken in first meeting

Fri, Sep 30, 2016

In signs of fracture, the Centre and states on Friday disagreed on decisions reached at the first meeting of the GST Council on service tax assessment although they reached a consensus on area based exemption in the new tax regime.

Tax dept introduces 2 more draft rules; makes monthly returns mandatory under GST

Tax dept introduces 2 more draft rules; makes monthly returns mandatory under GST

Tue, Sep 27, 2016

Moving at a fast pace, the tax department on Tuesday came up with two more draft rules and their formats on GST returns and refunds requiring assessees to file monthly returns and specifying procedure for claiming refunds of taxes, interest and fees.

GST Council to finalise registration, other rules on September 30

GST Council to finalise registration, other rules on September 30

Mon, Sep 26, 2016

Moving on fast track to meet the April 2017 GST rollout deadline, the tax department on Monday came out with draft rules relating to registration, invoice and payment which will be finalised by the GST Council on Friday.

Tax dept unveils 3 draft rules for registration under GST

Tax dept unveils 3 draft rules for registration under GST

Mon, Sep 26, 2016

In less than a week after the first meeting of the GST Council, the tax department on Monday came out with three draft rules and their formats relating to registration, invoice and payments which would be finalised by week-end.

States happy with outcome of GST Council's first meeting

States happy with outcome of GST Council's first meeting

Fri, Sep 23, 2016

Left-ruled Kerala on Friday sought a decision on the formula for compensating states for any loss of revenue post goods and services tax (GST) before a rate is decided even as most others hailed the decisions taken at the first Centre-State council meeting on the new tax regime.

GST Council meeting held towards implementation and deciding tax rates

GST Council meeting held towards implementation and deciding tax rates

Thu, Sep 22, 2016

GST Council meeting held towards implementation and deciding tax rates. Watch complete news story of Headlines 360 for getting detailed updates!

Discsuuion | GST Council meeting and various issues of tax rate between state and centre, Part-II

Discsuuion | GST Council meeting and various issues of tax rate between state and centre, Part-II

Thu, Sep 22, 2016

GST Council meets to solve various issues of tax rate between state and centre. Watch complete news story for getting detailed updates!

Discsuuion | GST Council meeting and various issues of tax rate between state and centre, Part-I

Discsuuion | GST Council meeting and various issues of tax rate between state and centre, Part-I

Thu, Sep 22, 2016

GST Council meets to solve various issues of tax rate between state and centre. Watch complete news story for getting detailed updates!

Assure that GST will be applicable from April 1 across India: Arjun Ram Meghwal

Assure that GST will be applicable from April 1 across India: Arjun Ram Meghwal

Thu, Sep 22, 2016

The union government is abiding by the target date for implementing the goods and services tax (GST) to ensure that it is applicable from April 1, 2017 across India, Minister of State for Finance, Arjun Ram Meghwal said at an Assocham event held in New Delhi on Thursday.

GST Council to hold its first meeting today

GST Council to hold its first meeting today

Thu, Sep 22, 2016

The council will decide on long pending issues of threshold limit for applicability of the tax as well as the limit for dual control between Centre and states.

Union Cabinet to consider presenting Budget for 2017-18 on February 1

Union Cabinet to consider presenting Budget for 2017-18 on February 1

Tue, Sep 20, 2016

Breaking from tradition, the general budget of the union government is likely to be presented on February 1 instead of the last day of the month, as part of an overhaul that would also scrap the practice of a separate railway budget.

Cabinet gives approval to set up GST council

Cabinet gives approval to set up GST council

Mon, Sep 12, 2016

Union Cabinet on Monday approved setting up of the GST council following the consent given by President, Pranab Mukherjee last week.

President Pranab Mukherjee approves Constitution Amendment Bill on GST

President Pranab Mukherjee approves Constitution Amendment Bill on GST

Thu, Sep 08, 2016

President Pranab Mukherjee on Thursday gave an assent to Constitution Amendment Bill on Goods and Services Tax (GST).

GST Bill can now go for Presidential assent: Arun Jaitley

GST Bill can now go for Presidential assent: Arun Jaitley

Thu, Sep 01, 2016

Government will seek Presidential assent for the landmark Constitution amendment bill for GST as 16 states have ratified the legislation, Finance Minister Arun Jaitley said on Thursday.

Govt is confident to roll out GST from April 1, 2017 : Hasmukh Adhia

Govt is confident to roll out GST from April 1, 2017 : Hasmukh Adhia

Sun, Aug 07, 2016

The government is confident of rolling out the GST regime from April 1 next year but the deadline may be difficult to meet if resolution of issues like the rate of tax and items to be exempted take longer, Revenue Secretary Hasmukh Adhia said on Sunday.

GST Bill: Govt begins roadmap for final implementation

GST Bill: Govt begins roadmap for final implementation

Fri, Aug 05, 2016

After the Government of India passed the GST Bill in the Rajya Sabha on Wednesday, it is now planning to work towards implementing it by April 1, 2017. The government will soon form GST Council to roll out the Goods and Services Tax (GST) Bill.

GST Debate: What FM Arun Jaitley, P Chidambaram said in Rajya Sabha

GST Debate: What FM Arun Jaitley, P Chidambaram said in Rajya Sabha

Wed, Aug 03, 2016

GST Debate: Read key points made by BJP's Arun Jaitley and Congress' P Chidambaram

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