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The Latest Breaking News from GST Council

GST Council meeting rescheduled to October 7 due to BRICS summit

The GST Council meeting has been rescheduled to October 7 due to the BRICS summit. This meeting will occur after a gap of over a year for the council. Discussions will focus on simplifying GST registration for businesses passing tax credits. Automation and changes in GST registration cancellation are also…

The Economic Times

GST Council meeting likely to be postponed, say sources

The 57th GST Council meeting, scheduled for September 12, is likely to be postponed, with a final decision expected after consultations with states. The meeting was set to discuss several ease-of-doing-business measures, including protecting buyers’ ITC when suppliers fail to deposit GST, simplifying taxation of corporate guarantees, allowing ITC on…

The Economic Times

Will seek withdrawal of tax notices for online gaming companies: Delhi FM Atishi

Delhi FM Atishi seeks withdrawal of Rs 1.5-lakh cr tax evasion notices to online gaming cos. Notices adversely impacted sector, 50,000 jobs & Rs 17,000 cr foreign investments at stake. Unstable tax environment will deter foreign investors & hurt start-up ecosystem.

The Hindu

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TN Finance Minister expresses concern over proposed amendments to GST Act for levy on online gaming

Tamil Nadu FM expresses concern over proposed GST amendments for online gaming, casino and horse racing. He calls for modifications to ensure compatibility with State laws and suggests changes to definition of online money gaming. GST Council promises to make suitable modifications.

The Hindu

Palanivel Thiaga Rajan calls on Nirmala Sitharaman

TN Minister Palanivel Thiaga Rajan thanked FM Nirmala Sitharaman for enabling TN to become 1st state to get API connectivity to Income Tax data. He also thanked her for her support during his time as FM & GST Council member. This step will increase efficiency & accuracy of govt schemes…

The Hindu

Linking GST, PMLA is road to tax ‘terrorism’, alleges Congress

The Congress alleged that the Narendra Modi government has unleashed “tax terrorism” by surreptitiously bringing the Goods and Services Tax Network under the Prevention of Money Laundering Act, saying that the move will be used to threaten trade and industry leaders

The Hindu

With Bommai and PTR out, GST Council needs to rejig GoMs

The change of guard after the Assembly election in Karnataka and the Ministerial council shuffle in Tamil Nadu has triggered the need for the GST Council to reconstitute at least three Ministerial panels

The Hindu

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Punjab finance minister thanks GST council for clearing state’s compensation

CHANDIGARH: Punjab finance minister Harpal Singh Cheema on Saturday thanked the GST Council for deciding to clear the entire pending balance GST compensation for June 2022, adding that Punjab would get Rs 995 crore as the pending balance.

The Times of India

GST Council to discuss GoM reports on appellate tribunals, tax evasion by gutkha firms on February 18

NEW DELHI: The GST Council in its meeting on Saturday is likely to discuss setting up appellate tribunals and mechanism to curb tax evasion in pan masala and gutkha business, sources said.

The Times of India

Petroleum products can be included in GST framework once states agree, says finance minister

NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday said that petroleum products can be included in the Goods and Services Tax (GST) framework once an agreement in this regard is reached among states.

The Times of India

GST Council: Punjab finance minister Harpal Singh Cheema opposes any hike in GST on educational products

CHANDIGARH: Terming the proposal to hike Goods and Sales Tax (GST) on goods related to education a step against the interests of the students, Punjab finance minister Harpal Singh Cheema on Saturday opposed the move to revise GST on pencil sharpeners to 18 percent from the existing slab of 12…

The Times of India

GST Council likely to decide on decriminalisation of GST offences, setting up appellate tribunals on Saturday

NEW DELHI: The GST Council, chaired by finance minister Nirmala Sitharaman, is likely to decide on a number of issues such as decriminalisation of GST offences, setting up of Goods and Services Tax Appellate Tribunals and tax evasion by pan masala and gutkha companies at its meeting on December 17.

The Times of India

GST council to consider decriminalisation of GST law in December 17 meet

NEW DELHI: The GST Council in its next meeting is likely to discuss decriminalisation of offences under GST law, along with raising the threshold of launching prosecution to Rs 20 crore, from Rs 5 crore at present, officials said on Monday.

The Times of India

GoM on GST levy on casinos, online gaming to submit report next week

NEW DELHI: The state finance ministers' panel for GST levy on casinos, online gaming and horse racing will submit its report to the GST Council next week, Meghalaya chief minister Conrad Sangma said on Friday.

The Times of India

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The Times of India

GST Council to meet before mid-November; GoM reports on appellate tribunal, tax casinos on agenda

NEW DELHI: The GST Council is likely to meet in the first half of November to discuss the reports of the panel of ministers on setting up GST appellate tribunal and levy of tax casinos and online gaming, an official said.

The Hindu

Scrap GST on unbranded food items, Ashok Gehlot writes to Nirmala Sitharaman

Rajasthan Chief Minister points out that the State had ‘vehemently’ opposed the levy which would hit the people hard

The Hindu

Govt earning more from taxes on common people than on corporates: Rahul

The graph showed that in 2010 the revenue collected through tax on corporates was over 40% against 24% revenue from tax on people.

The Hindu

GoM recommends empowering States to expedite appointment to GST Appellate Tribunal

A principal bench of GST Appellate Tribunal will be set up at New Delhi and there will be benches of tribunal in all States

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The Hindu

Finance Minister says Arvind Kejriwal is twisting freebie debate

Nirmala Sitharaman says Delhi Chief Minister is trying to stoke fear in the minds of the poor

The Hindu

Advise States to implement system of electronic generation of DIN: Supreme Court tells Centre, GST Council

NEW DELHI The Supreme Court has directed the Union of India/GST Council to issue an advisory to Stat

The Hindu

Opposition asks govt to acknowledge problem of price rise to fix it, BJP puts blame on global changes

“The inflation is ruling at 7% now and has not yet reached the double-digit level like in the previous UPA regime”

The Hindu

GST collection in July jumps by 28% to ₹1.49 lakh crore

July’s GST collection is 28% higher than the same month last year; second-highest monthly collection since launch of GST regime

The Hindu

Confusion persists over 5% GST exemption

State’s stand is that unbranded essential commodities should not be taxed now, says Balagopal

The Hindu

GST on essential items after States sought levy, aimed to check evasion: Official

Union Finance Minister Nirmala Sitharaman on July 19 stated that States levied sales tax or VAT on foodgrains in the pre-GST regime and the present levy on cereals, pulses, flour, curd and lassi is an exercise to curb tax leakage

The Times of India

Private wards at AIIMS-Delhi to cost more due to GST on room rent above Rs 5,000

NEW DELHI: AIIMS-Delhi on Thursday announced a raise in the charges of its private ward rooms. The move comes following a recent decision by the GST Council to levy a 5% tax on hospital room rent exceeding Rs 5,000 per day. The revised charge will be effective from July 18,…

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