Tue, Dec 24, 2024
A registered person will have to pay GST on sale of old and used vehicle only if the seller has earned a margin, which is the selling price is higher than the depreciation adjusted cost price of the vehicle, sources said.
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Sat, Dec 21, 2024
GST Council on Saturday agreed to issue a clarification on taxation of popcorn, saying that pre-packed and labelled ready-to-eat snacks will attract a 12 per cent tax while an 18 per cent GST will be levied if it is caramelised.
The GST Council has made a host of decisions concerning a variety of areas including certain snacks, electric vehicles (EVs) and construction materials. Finance and Corporate Affairs Minister Nirmala Sitharaman chaired the 55th meeting of the GST Council in Jaisalmer, Rajasthan. Here are some of the key takeaways from the 55th meeting of the GST Council.
Sat, Jun 22, 2024
The 53rd meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising her state counterparts, is also likely to discuss the progress of the Group of Ministers (GoM) on finalising the report on Goods and Service Tax (GST) rate rationalisation and amendments to GST laws based on previous decisions of the council.
Wed, Jun 19, 2024
What important issues can be discussed in the GST Council meeting to be held on June 22? Know complete details in this video
The 53rd meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising her state counterparts, is also likely to discuss the progress of the Group of Ministers (GoM) on finalising the report on Goods and Service Tax (GST) rate rationalisation.
Thu, Jun 13, 2024
GST Council meeting will be held in Delhi on June 22, important issues related to GST will be discussed, know full details.
The 52nd meeting of the GST Council, which comprises finance ministers of all states and UTs, was held on October 7, 2023.
Mon, Jan 08, 2024
Nazara Tech was down by 0.48 per cent, or Rs 4.10, at Rs 846.05 at 10:02 am on Monday. Delta Corp, on the other hand, was lower by 1.35 per cent, or Rs 2.05, at Rs 150.20 in morning deals on Monday.
Thu, Nov 02, 2023
Cover Story: There is bumper demand all around during the festive season, and the government's coffers are getting filled as GST collection is increasing significantly.
Mon, Oct 09, 2023
Sugar and liquor stocks were in focus on Monday after the all-powerful GST Council decided to reduce the tax applicable to molasses significantly.
Sun, Oct 08, 2023
During the 52nd GST Council meeting, states raised the issue of notices for tax demand served under the GST regime on gaming companies, with some states terming it "retrospective taxation". Chhattisgarh Deputy Chief Minister T S Singh Deo said that states like Delhi and Goa raised the issue of online gaming companies receiving a spate of GST demand notices for alleged evasion. Delhi Finance Minister Atishi said that tax notices are being sent for a much higher amount than even the estimated valuation of the gaming industry.
Sat, Oct 07, 2023
The GST Council has decided to raise the upper age limit of the GST Appellate Tribunal to 70 years. This means that the president and members of the tribunal can now serve until they are 70 years old, up from the previous limit of 67 years. This is good news for taxpayers, as it will allow them to access justice for longer. In this video, we'll discuss the implications of this decision and what it means for taxpayers.
Fri, Oct 06, 2023
On top of the agenda of the upcoming meeting, to be chaired by Union Finance and Corporate Affairs Minister Nirmala Sitharaman, are the GST rates applicable to molasses and extra neutral alcohol.
GST Council meeting on October 7, What major decisions will GST Council take? Where will GST rate increase or decrease? Know complete details in this video
Thu, Oct 05, 2023
The GST Council is meeting on October 7th to discuss a number of important topics, including online gaming taxes, bank guarantees, and millets. The council is likely to review the progress made by the states in incorporating changes with regard to the taxation of online gaming, and to clarify the levy of tax on bank and corporate guarantees. The council may also consider an exemption on millets sold in powdered form.
Wed, Oct 04, 2023
GST Council meeting on October 7 What major decisions will the GST Council take? Where will GST rate increase or decrease?
Tue, Sep 26, 2023
The 52nd meeting of the GST Council will be held on October 7. Discussion possible regarding GST on insurance in the meeting. Online gaming and casinos can be discussed. Discussion possible on reverse charge mechanism of metal scrap
The council had approved amendments to the Goods and Services Tax (GST) laws to provide clarity on the taxation of casinos, horse racing and online gaming.
Thu, Aug 03, 2023
The 51st meeting of the GST Council was held on August 2. The 28 per cent GST on online gaming will come into effect from October 1 and the GST Council will review the tax after six months of implementation.
Wed, Jul 26, 2023
The GST Council will decide on modalities for implementing a 28 per cent Goods and Services Tax on online gaming, casino and horse racing at its next meeting on August 2, sources said.
Tue, Jul 11, 2023
GST Council Meeting: Talking about the major decisions taken in the meeting chaired by Finance Minister Nirmala Sitharaman, the Council has approved the formation of GST Tribunal. Apart from this, IGST will not be imposed on imported cancer drugs.
GST Council Meeting Outcome: GST on foods and beverages served in cinema halls reduced from 18 per cent to 5 per cent
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