GST Council

GST Council approves remaining rules, to meet again on May 18-19 to approve rate structure

The GST Ouncil on Friday approved remaining rules of the of the Goods and Services Tax regime, Finance Minister Arun Jaitley said.

Mar 31, 2017, 18:45 PM IST

GST heads for July 1 rollout, Council to finalise rules for new tax regime today

With GST rollout looking imminent from July 1 after the Lok Sabha's approval, the Centre and states will on Friday sit together to finalise rules and regulations of the new indirect tax regime.

 

Mar 30, 2017, 19:57 PM IST

Passage of GST Bill is history in the making, says 'optimistic' Arun Jaitley

Striding out confidently from the Parliament after the Goods and Services Tax (GST) Bill was finally passed, Finance Minister Arun Jaitley on Wednesday said the passage of the bill in the House was history is in the making, adding that the country will witness transforming into a new system of indirect taxation.

Mar 29, 2017, 23:54 PM IST

GST impact on inflation to be less than 0.20%: Nomura

The implementation of Goods and Services Tax (GST) is likely to be fiscally neutral and its impact on inflation is expected to be less than 20 basis points, says a Nomura report.

Mar 20, 2017, 14:51 PM IST

GST rollout: 'No clarity yet on tax on services a worry'

Despite the rollout date of July 1 for the Goods and Services Tax (GST) drawing closer, there is still no clarity on the tax rate for services under the new indirect tax regime, an auditor firm pointed out on Friday.

Mar 17, 2017, 18:14 PM IST

GST Council clears State GST and Union Territory GST laws: Finance Minister Arun Jaitley

Finance Minister Arun Jaitley. Watch the full segment for more details.

Mar 16, 2017, 20:47 PM IST

GST closer to July 1 rollout! Council clears all 5 laws; cess on luxury goods capped at 15%

After getting approval from the GST Council, the supporting legislations together with a GST Compensation Law, will go to the Cabinet for a formal nod before they are presented in Parliament in the ongoing Budget session that ends on April 12.

Mar 16, 2017, 18:53 PM IST

GST Council clears crucial CGST, IGST laws; rollout likely by July 1

The GST Council on Saturday fixed a 5 percent tax rate on small hotels and restaurants and approved draft of key supporting legislations to enable rollout of the new indirect tax regime from July 1.

Mar 04, 2017, 17:59 PM IST

GST Bill to make peak tax rate 40%, slabs intact for now

The GST levy may go up to 40 percent after the GST Council proposed raising the peak rate in the Bill to 20 percent, from the current 14 percent, to obviate the need for approaching Parliament for any change in rates in future.

Mar 02, 2017, 15:18 PM IST

GST Council approves draft Compensation Bill; to next meet in March

The GST Council, in a meeting on Saturday, cleared the law for compensating states for loss of revenue that they may incur during implementation of of Goods and Service Tax.

Feb 18, 2017, 18:34 PM IST

GST Council to finalise draft model GST law today

The GST Council is likely to finalise the draft model GST law including final drafting of the anti-profiteering clause to ensure benefit of lower taxes gets shared with consumers on Saturday.

Feb 18, 2017, 10:21 AM IST

GST Council to finalise draft model GST law on Saturday

The GST Council, which is meeting on Saturday, is likely to finalise the draft model GST law including final drafting of the anti-profiteering clause to ensure benefit of lower taxes gets shared with consumers.

Feb 17, 2017, 20:12 PM IST

Non-life insurance sector looks for lower GST rates

The non-life insurance industry is looking for centralised registration facility and comparatively lower rates for a smooth implementation of GST, a senior official from the sector said Wednesday.

 

Feb 15, 2017, 20:26 PM IST

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

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

Feb 14, 2017, 21:08 PM IST

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

A critical anti-profiteering clause in the draft Goods and Services Tax law to ensure that the benefit of lower taxes gets shared with consumers is likely to be finalised at the 10th meeting of the all-powerful GST Council this weekend.

Feb 14, 2017, 18:35 PM IST

GDP may slow down if GST implemented in hurry: Tax officials to FM

Claiming that demonetisation has affected country's growth, a major central revenue body has asked Finance Minister Arun Jaitley not to implement Goods and Services Tax (GST) in a hurry and threatened to take legal recourse in case their concerns are not addressed.

Jan 22, 2017, 14:10 PM IST

GST: Tax evasion up to Rs 2 crore a bailable offence

 To make GST regime less onerous, the Centre and states have decided to water down the penal provisions to ensure a trader gets immediate bail if the alleged tax evasion is up to Rs 2 crore.

 

Jan 19, 2017, 15:35 PM IST

GST deadlock: All-powerful council headed by Jaitley to meet for ninth time today

Finance Minister Arun Jaitley will on Monday 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.

Jan 16, 2017, 08:46 AM IST

Arun Jaitley looks to end deadlock at GST meeting tomorrow

In order to ensure smooth passage of GST, Finance Minister Arun Jaitley on Monday will look forward to breaking the deadlock over power distribution between centre and states.

Jan 15, 2017, 17:58 PM IST

Jaitley looks to break deadlock at GST meeting on Monday

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.

Jan 15, 2017, 14:01 PM IST