GST council to clarify reinsurance stance in upcoming meeting
The GST Council of India is set to clarify that reinsurance is not a supply of service at an upcoming meeting, according to a report.
Tag: GST Council
GST Council set to amend alcohol tax laws, enable dispute settlement
GST Council is planning amendments to GST laws concerning extra neutral alcohol (ENA), a highly pure form of alcohol used in liquor production but not for direct consumption. These changes aim to clarify that ENA should not be subject to GST, potentially bringing much-needed relief to the spirits industry by avoiding dual taxation.
53rd meeting of GST Council – Hopes and expectations
Forthcoming 53rd GST Council meeting is taking place after about eight and a half month. Nevertheless, this meeting is no less than a lifesaver for the struggling taxpayers. Author has made key suggestions to GSTC for the better compliance of GST Law.
Fuel inclusion under GST not on agenda for June 22 Council meet: Official
GST Council meeting on June 22 is unlikely to discuss the inclusion of petroleum products under GST, a government official said.
GST Council to regularise taxation issues on host of goods, services
The GST Council is likely to regularise taxation issues arising on a host of goods and services, including the supply of cereals, pulses, flour packets of over 25 kg.
GST Council Meeting on June 22: Key issues on sunset clause, monetary limits, and sector clarifications
As the GST Council gears up for its meeting on June 22, several major issues are on the agenda that could significantly impact the regulatory landscape for businesses and taxpayers alike.
GST Council relief likely on pre-deposit for disputes
In what could be a breather for the taxpayers, especially the industry, on the issues related to tax disputes, sources told CNBC-TV18 that the GST Council is likely to reduce the amount of pre-deposit to enter the appeals stage.
GST Council to clarify taxability of ESOPs, start-ups and MNCs to benefit
In what could be a relief for companies, multinationals, and start-ups issuing ESOPs to employees, the upcoming GST Council is likely to issue clarification on the taxability of reimbursement of securities/shares as ESOP/ESPP/RSU provided by a company to its employees.
GST on alcohol: Council may set 18% tax on alcohol used as industrial input
The upcoming GST Council meeting on June 22 is likely to deliberate on the issue of using extra neutral alcohol for industrial use, bringing in a much-awaited clarity for the manufacturing sector.
GST Council may give some relief to roads and highways developers
GST Council, on June 22, may clarify that GST payable by the developer (under the hybrid annuity model) for parts of the project under construction or maintenance will become due only when the invoice is raised or when the payment is made, whichever is earlier.