Tag: gst council
gst: A tax comes of age: Five years since rollout, areas where GST needs retouch and improvement
On July 1, Goods and Services Tax (GST) completed five years of its existence. From its grand midnight launch at the historic central hall of…
Nirmala Sitharaman Says – GoM Suggestions on GST Exemptions, Correction of Inverted Duty Accepted
Finance minister Nirmala Sitharaman announced the end result of the 47th Goods and service Tax (GST) Council meeting on Wednesday. From revising rates of assorted…
GST Council meeting: Key developments at the GST Council meeting
The 47th GST Council meeting was held on 28 and 29 June 2022, almost coinciding with the fifth anniversary of GST. The discussions of the…
gst: 5 years of GST: For shipping and logistics, some key matters addressed, but still not smooth sailing
The shipping and logistics industry is the backbone of the entire supply chain with freight forwarders and shipping liners playing the most vital role in…
MSME: Five years of GST: Is it a gamechanger for MSMEs?
The milestone of five years of GST is significant in many ways. For the governments, it is important from the revenue perspective, for instance, even…
Diamond GST News: Government hikes GST for cut & polished diamonds from 0.25% to 1.5%
GST Council, in its 47th meeting held on 28th and 29th June 2022, has come up with revisions in GST rates for a series of…
GST India: Five years of GST – Baby out of the cradle
As the Goods & Services Tax legislation completes 5 years and has evolved from its “infant” stage into a stable state legislation today, the industry…
GST registration exemption for online seller with low turnover to boost e-commerce
The government’s decision to exempt suppliers on e-commerce having less than Rs 40 lakh turnover will boost online sales of goods, industry players said on…
GST Compensation: No decision on extending GST compensation to states
The GST Council deferred the decision on levying a 28% tax on casinos, online gaming, horse racing and lottery pending more consultations with stakeholders. Further,…
GST Council Meeting Update: GST council gives relief to transport sector, small online businesses
The transportation of goods is likely to be cheaper as the Goods and Services Tax (GST) council on Wednesday gave some relief to the transport…