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The all-powerful GST Council at its meeting in Chandigarh this week is expected to vet a proposal of the panel of state finance ministers on levying 28% goods and services tax (GST) on online gaming, casinos and horse racing. The…
The GST Council, at next week’s meeting, is likely to consider a proposal to bring more clarity on action against entities involved in claiming Input Tax Credit (ITC), which has become a major source of issuance of fake invoices. Since…
The GST Council on Saturday said the location of its 47th meeting, which will be held during June 28-29, has been changed to Chandigarh, from Srinagar decided earlier. The Council-appointed group on ministers (GoM), headed by Karnataka Chief Minister Basavaraj…
GST Council likely to allow utilisation of amounts available in electronic credit ledger and electronic cash ledger for payment towards output tax due in return, except those in form of penalty, interest or fees Council likely to continue to exempt…
Upcoming GST Council meeting is likely to lay down contours for GST Tribunals Government is likely to have National, Regional, State & area-wise tribunals across the country Government is likely to have more than one tribunal in large States like…
By, M.S.VIJAYAKUMAR, ASSISTANT COMMISSIONER GST (RETD.) 45th GST council meeting Two major food delivery apps namely Zomato and Swiggy are now required to pay GST with effect from 1st January, 2022 as per the final decision and suggestion from the…
The 45th GST Council meeting was held on September 17, 2021 Friday at Lucknow, Uttar Pradesh chaired by Union Finance Minister Nirmala Sitharaman. The Council meeting was held physically for the first time after one and half year of COVID…
The 42nd GST Council meeting under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing held today i.e. 05.10.2020. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs…
A. GST Council took following decisions relating to changes in GST rates on supply of goods and services. 1. The recommendation of the Fitment Committee is to raise the GST rate on Mobile Phones and specified parts presently attracting 12%…
1. Grievance Redressal Committees (GRC) will be constituted at Zonal/State level with both CGST and SGST officers and including representatives of trade and industry and other GST stakeholders (GST practitioners and GSTN etc.). These committees will address grievances of specific/…