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On Wednesday, a committee of the Parliament suggested to the government that a proposal should be made to the GST Council to cut the tax rates on fertilizers from 5% at present. The Standing Committee on Chemicals and Fertilisers said the committee has been notified that 12% GST is applicable on fertilizers. However, seeing the […]
The 50th GST Council meeting chaired by Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman suggested measures to streamline compliance with GST. The Council has recommended inserting rule 138F in the CGST Rules, 2017, as well as in the SGST Rules, 2017, of the States that want to mandate the generation of e-way bills […]
The GST Council convened at Vigyan Bhawan in New Delhi on 11th July 2023 under the chairmanship of Nirmala Sithraman, which included Sanjay Malhotra, Revenue Secretary, and Vivek Johri, chairman of the CBIC. As per the 50th GST Council meeting press release, a notification will be released to give clarification on various issues concerning GST […]
On the size of televisions exceeding 32 inches, Television manufacturers are pushing for a reduction in goods and services tax (GST) to 18% from 28% to reduce the surge in the cost of open cell panels – the costliest part of LED TVs – that gets imported from China. There is a rise in prices […]
For the two-wheeler segment, successive problems would have been surging out, through the entry-level vehicles that draw some buyers. For the same concern, a request to the GST Council has been furnished by the Federation of Automobile Dealers Associations (FADA) for considering diminishing the GST on two-wheelers from 28% to 18% to assist the same […]
The 49th GST Council Meeting has resolved to change entry at Sl. No. 41A of notification No. 1/2017-Compensation Cess (Rate) so that exemption advantage encompasses both coals reject provided to and by a coal washery, arising out of coal on which compensation cess has been paid and no person has claimed an input tax credit […]
There will soon be a rise in the bill of the patient, with the GST council deciding to impose a 12% GST upon the service of collection of biomedical waste through these hospitals. The same tax load would be passed on to the patients by the hospitals. GST council will withdraw the exemptions on the […]
The Goods and Services Tax (GST) officials have made a six-member group of ministers (GoM) to guide critical revisions needed in the GST laws and additional legal modifications to set up the GST Appellate Tribunal (GSTAT). Haryana Deputy Chief Minister Dushyant Chautala has led the Group of Ministers. “In its 47th meeting held on June […]
The GST official has decided to rectify various tax rates and withdraw the tax exemptions, excluding building a series of amendments to the enrollment and GST refund process to increase the collections of revenue. On the second and the final day of the 47th GST meeting, the officials would see into the demand from the […]
