Goods And Service Tax Council
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GST Council Increases Tax On Used EV Car Sale By Business
The goods and services tax council on Saturday decided to levy an 18 per cent GST on margin value on the sale of used electric vehicles by businesses and agreed to keep jet fuel (ATF) out of the 'one-nation-one-tax' regime.
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GST Council Exempts Gene Therapy, Cuts Tax Rate For Rice Kernels
Jaisalmer (Rajasthan): Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent and exempted life-saving gene therapy from tax.
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55th GST Council Meet Defers Decision On Health Insurance Premium Rate Cuts
The Goods and Services Tax (GST) Council on Saturday deferred the decision on rate cuts on life and health insurance premiums, as some more technicalities need to be ironed out.
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Nitin Gadkari Wants States To Consider Cutting GST On Flex-Fuel Vehicles
Union Minister Nitin Gadkari on Monday said state finance ministers should consider reducing Goods and Services Tax (GST) on flex-fuel vehicles to 12 per cent in the GST Council meeting.
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How Can Fuel Prices Come Down? What Nirmala Sitharaman Told NDTV
Petrol and diesel could be taxed under GST (Goods and Services Tax) rather than VAT (Value Added Tax) if state governments agree to the proposal and fix a suitable rate, Finance Minister Nirmala Sitharaman told NDTV Profit Friday.
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GST Rates Changed For Some Products And Services: See List
Union Finance Nirmala Sitharaman chaired pre-Budget consultations with finance ministers of states and Union Territories to take their views. It was followed by the 53rd meeting of the GST (Goods and Services Tax) Council today.
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Online Gaming To Be Taxed At 28%, No GST On Drugs For Rare Diseases
The all-powerful Goods and Services Tax (GST) Council on Tuesday decided to impose a 28 per cent tax on the turnover of online gaming companies, horse racing and casinos, Finance Minister Nirmala Sitharaman said.
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Online Gaming Sector to Attract Investment Once Taxation Policy Is Finalised: FM Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday said the GST Council is deliberating on taxation policy for online gaming and exuded confidence that the sector will attract investment once it is finalised.
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Nirmala Sitharaman Says All GST Compensation Dues Will Be Cleared
The government will clear the entire goods and services tax, or GST, compensation dues of Rs 16,982 crore from its own pocket today, Finance Minister Nirmala Sitharaman said after a meeting of the council that sets GST rates.
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Finance Minister Nirmala Sitharaman Chairs 49th GST Council Meet In Delhi
Union Finance Minister Nirmala Sitharaman today chaired the 49th meeting of the Goods and Services Tax (GST) Council, in Vigyan Bhawan, New Delhi.
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Big Change In Tax On SUVs In GST Council's Latest Meeting
The Goods and Services Tax (GST) Council on Saturday decided to have a single definition across all states in the country for sports utility vehicles, attracting a higher tax rate.
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GST On Packaged Food, Essential Items After States Sought Levy: Official
GST on pre-packaged goods/ food packets was levied after some states gave feedback of losing revenues they previously earned from levy of VAT on food items, a top government official said.
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GST Rate Hike From Today, These Essential Items Will Get Costlier
The recommendations on Goods and Services Tax rates that were made during the 47th GST Council meeting held in June come into effect today.
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GST On "Horse Trading": Nirmala Sitharaman's Flub Mocked By Congress
Finance Minister Nirmala Sitharaman's flub during a media briefing on the decisions of the GST (Goods and Services Tax) council, shared by many on social media, inspired a jibe from Congress leader Pawan Khera today.
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GST Rates, Compensation, Top Takeaways From Council Meeting: 10 Points
The Goods and Services Tax (GST) Council meeting ended its two-day deliberations today, where a host of issues like rate rationalisation, levying 28 per cent tax on online gaming and horse racing and the vexed issue of continuing GST compensation to states, were discussed.
-
GST Council Increases Tax On Used EV Car Sale By Business
The goods and services tax council on Saturday decided to levy an 18 per cent GST on margin value on the sale of used electric vehicles by businesses and agreed to keep jet fuel (ATF) out of the 'one-nation-one-tax' regime.
-
GST Council Exempts Gene Therapy, Cuts Tax Rate For Rice Kernels
Jaisalmer (Rajasthan): Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent and exempted life-saving gene therapy from tax.
-
55th GST Council Meet Defers Decision On Health Insurance Premium Rate Cuts
The Goods and Services Tax (GST) Council on Saturday deferred the decision on rate cuts on life and health insurance premiums, as some more technicalities need to be ironed out.
-
Nitin Gadkari Wants States To Consider Cutting GST On Flex-Fuel Vehicles
Union Minister Nitin Gadkari on Monday said state finance ministers should consider reducing Goods and Services Tax (GST) on flex-fuel vehicles to 12 per cent in the GST Council meeting.
-
How Can Fuel Prices Come Down? What Nirmala Sitharaman Told NDTV
Petrol and diesel could be taxed under GST (Goods and Services Tax) rather than VAT (Value Added Tax) if state governments agree to the proposal and fix a suitable rate, Finance Minister Nirmala Sitharaman told NDTV Profit Friday.
-
GST Rates Changed For Some Products And Services: See List
Union Finance Nirmala Sitharaman chaired pre-Budget consultations with finance ministers of states and Union Territories to take their views. It was followed by the 53rd meeting of the GST (Goods and Services Tax) Council today.
-
Online Gaming To Be Taxed At 28%, No GST On Drugs For Rare Diseases
The all-powerful Goods and Services Tax (GST) Council on Tuesday decided to impose a 28 per cent tax on the turnover of online gaming companies, horse racing and casinos, Finance Minister Nirmala Sitharaman said.
-
Online Gaming Sector to Attract Investment Once Taxation Policy Is Finalised: FM Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday said the GST Council is deliberating on taxation policy for online gaming and exuded confidence that the sector will attract investment once it is finalised.
-
Nirmala Sitharaman Says All GST Compensation Dues Will Be Cleared
The government will clear the entire goods and services tax, or GST, compensation dues of Rs 16,982 crore from its own pocket today, Finance Minister Nirmala Sitharaman said after a meeting of the council that sets GST rates.
-
Finance Minister Nirmala Sitharaman Chairs 49th GST Council Meet In Delhi
Union Finance Minister Nirmala Sitharaman today chaired the 49th meeting of the Goods and Services Tax (GST) Council, in Vigyan Bhawan, New Delhi.
-
Big Change In Tax On SUVs In GST Council's Latest Meeting
The Goods and Services Tax (GST) Council on Saturday decided to have a single definition across all states in the country for sports utility vehicles, attracting a higher tax rate.
-
GST On Packaged Food, Essential Items After States Sought Levy: Official
GST on pre-packaged goods/ food packets was levied after some states gave feedback of losing revenues they previously earned from levy of VAT on food items, a top government official said.
-
GST Rate Hike From Today, These Essential Items Will Get Costlier
The recommendations on Goods and Services Tax rates that were made during the 47th GST Council meeting held in June come into effect today.
-
GST On "Horse Trading": Nirmala Sitharaman's Flub Mocked By Congress
Finance Minister Nirmala Sitharaman's flub during a media briefing on the decisions of the GST (Goods and Services Tax) council, shared by many on social media, inspired a jibe from Congress leader Pawan Khera today.
-
GST Rates, Compensation, Top Takeaways From Council Meeting: 10 Points
The Goods and Services Tax (GST) Council meeting ended its two-day deliberations today, where a host of issues like rate rationalisation, levying 28 per cent tax on online gaming and horse racing and the vexed issue of continuing GST compensation to states, were discussed.
