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To measure the mood of the states before the GST official’s meeting in late May, the GST officials secretariat seeks the views of the states on the scope of raising the tax rates on 143 items, in the majority of the cases to revert the rate to 28% from 18%. The State Minister mentioned that […]
As a way to raise revenue for both the states and the central government, the GST Council is expected to consider a proposal to discard the 5 per cent slab in its next 47th GST council meeting scheduled in May 2022. If that happens, the existing items in the 5 per cent slab will be […]
Bibek Debroy, chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) urge a forum as per the Goods and Services Tax (GST) Council for the expense based with all – Union, states, and local bodies. India’s Inflation rate hit a 12 year high but the biggest hardship is for the revival of the […]
The 46th GST Council meeting has been chaired by FM Nirmala Sitharaman in New Delhi with the presence of all states’ finance ministers and other members. The council members have opposed the new 12% GST rate on textile products so they have deferred the hike tax rate and will discuss it in the next meeting. […]
The refund shall be furnished to the credit that collects on inputs beneath the inverted duty for the GST regime said Supreme court. As per the order, the Madras High court placed it alongside the order of the Gujarat high court. The appeal has been acknowledged which the GST department urged to go through again […]
Nirmala Sitharaman finance minister has been chaired the 45th GST Council meeting at Lucknow city. The council members have discussed several issues such as states compensation and revision of GST rates on Covid essentials, petrol diesel GST applicability or not, and food delivery app applicability. The major discussion points for the council meeting are the […]
Amidst the claims or so-called rumours that the state will no longer exert pressure on the Government of India with reference to taxation related issues on Covid combating drugs and devices, The highest authority of GST in India, the 44th GST council Meeting that is chaired by Union Finance Minister, shall meet about the issue […]
The Centre may convene a 44th GST council meeting within the forthcoming few weeks agenda being “Exemptions by Centre on Covid related medicines and equipment” as states are continuously and publicly approaching Centre for GST exemption in addition to demanding medicines and medical equipment that are necessary for the fight against Covid-19 pandemic. The medicines […]
Under Section 70 of CGST Act, 2017 Allahabad High Court discharging the appeal permitted for the collateral inquiry hearing through the GST council security with the hearing under section 6(2)(b). The applicant is the owner of G.K.Trading Company who provides that the investigation is been initiated through the Deputy Commissioner (SIB), Ghaziabad, in the business […]
