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The GST council, in its forthcoming 57th GST meeting, may focus on additional revisions to facilitate the procedure and policies. In the next meeting of the GST council, the process of registration, refund, and audit can be facilitated, a Finance Ministry official stated. The latest provisions for direct taxes in the Finance Bill are directed […]
The 56th GST Council meeting in New Delhi, chaired by Finance Minister Nirmala Sitharaman, focused on amending GST slabs, easing compliance, and executing next-generation GST reforms. FMCG, auto, and cement sectors are expected to benefit under the proposed tax cuts, ensuring relief for consumers. The first day of the meeting on 3rd September revolved around […]
Everyone is looking forward to the upcoming 56th GST Council meeting, where important changes to tax rates are likely to be discussed. Finance Minister Nirmala Sitharaman has suggested that there will be efforts to make the Goods and Services Tax (GST) system easier to understand and follow. It seems that some tax rates may be […]
In breach of Rule 6 of GST in its procedure, the GST council has gone over 5 months without a meeting, and the conduct of Business Regulations, which specifies quarterly meetings. On December 21, 2024, the last 55th GST Council meeting was held, which was conducted in Jaisalmer, specifying that the forthcoming meeting will be […]
The 55th Goods and Services Tax (GST) Council meeting held on 21st December 2024 by the Union Finance Nirmala Sitharaman made some essential decisions about taxes on vehicles and GST rates. They declared that corporations will have to pay an 18% GST rate on the profit for selling their used electric vehicles (EVs) and older […]
The 54th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman and attended by state finance ministers and tax officials, concluded with several key recommendations. Additionally, the GST rate on small digital transactions (PAs) is to be discussed at the next meeting. Additionally, the current 18 per cent GST rate on life and health […]
On 22nd June, the 53rd meeting of the GST council was conducted. To refine the tax rates and service exemptions under the GST regime, various recommendations were made in the meeting. Union Finance Minister Nirmala Sitharaman addressed the meeting and deliberated on distinct proposals to facilitate GST applicability for goods and services. Key Updates on […]
On October 7th, the Goods and Services Tax (GST) Council, the central indirect tax authority, is scheduled to assemble to address issues regarding the establishment of GST appellate tribunals and their distribution nationwide. According to an official statement, millet flour in powdered form, comprising a minimum of 70% millet by weight, will be exempt from […]
The 51st GST Council meeting on the date August 2nd, 2023 was conducted via video conferencing in New Delhi with Union Finance Minister Nirmala Sitharaman, presiding over the meeting with Union Minister of State for Finance Pankaj Chaudary, Revenue Secretary Sanjay Malhotra, and several state ministers. The gaming industry is quite disappointed with the GST […]
