Exclusive | FM Nirmala Sitharaman signals possible GST rate ...
WEB3 days ago · The recommendations from the group will be reviewed by the GST Council, which will decide on further actions. India’s current GST structure includes five different slabs, unlike several countries that operate with fewer rates. The rationalisation effort is aimed at improving clarity and stability for businesses and consumers.
GST Council Meeting Highlights: Council sets up GoM on reduction in GST ...
WEBSep 9, 2024 · GST Council Meeting 2024 Highlights: The GST Council headed by Union Finance Minister Nirmala Sitharaman on Monday (September 9) decided to set up a Group of Ministers (GoM) to reduce the tax rate on life and health insurance and cut GST on cancer drugs and namkeens. Briefing reporters on the outcome of the 54th GST Council meeting, Sitharaman said it has decided to have a Group of Ministers ...
Big GST relief in budget 2024: No need to pay interest and penalty …
WEBJul 24, 2024 · Budget 2024 has provided some relief to individuals and companies registered under (Goods and Services Tax) GST. This relief comes in the form of a conditional scheme that allows for the waiver of interest and penalty for specified non-fraudulent GST demand notices for the financial years 2017-18 to 2019-20.
GST Council Initiates Review of Health, Life Insurance Tax
WEB3 days ago · GST Council Meeting 2024: The GST Council on Sunday constituted a 13-member Group of Ministers (GoM) to suggest GST rates on premiums of various health and life insurance products and submit its report by October 30. The 54th GST Council meeting on September 9 decided to set up a GoM to examine and review the present tax structure of Goods and Services Tax (GST) on life and medical insurance.
GST Council Meeting LIVE: FM Nirmala Sitharaman briefs media
WEBSep 9, 2024 · The 54th meeting of the GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state ministers began on Monday. The Council is expected to discuss several key issues, including insurance premium taxation, recommendations from the Group of Ministers on rate rationalization, and …
Budget 2024: Major GST Highlights, CFO News, ETCFO
WEBJul 23, 2024 · In her Budget speech, Finance Minister Nirmala Sitharaman hailed GST as a monumental success, highlighting its impact in reducing the tax burden on citizens and streamlining compliance for businesses
53rd GST Council Meeting Highlights: GST meeting over; FM …
WEBJun 22, 2024 · GST Council Meeting News Updates Highlights: The Goods and Services Tax (GST) Council is Meeting today (June 22). Union Finance Minister Nirmala Sitharaman is presiding over the meeting.
Latest GST News, Information, Notifications & Announcements
WEBMar 24, 2017 · Keep up with the latest GST news and updates from CBIC, GST Council, and GST Network. Various important developments have been made, including new functionalities on the GST portal, government releases, and updates on e-way bills and e-invoicing systems. Keep track for timely and 100% compliance.
52nd GST Council Meeting Highlights: Live Updates, Agenda
WEBOct 7, 2023 · The 52nd GST Council meeting took place on Saturday, 7th October 2023 at New Delhi. The Council reviewed how states are passing amendment to the State GST rules to implement the 28% GST levy on casinos, race courses and online gaming apart from discussing progress made on the setting up of GSTATs.
GST council's 50th meet today; taxation on gaming, MUV …
WEBThe GST Council at its meeting on Tuesday is likely to deliberate on a host of issues including taxation of online gaming, definition of utility vehicles and tightening of norms for registration...