Gst Council Meet

'GST on drinking water next?' Social media roasts GST Council over popcorn taxation

The separate tax slabs recommendation by the GST Council on a single product did not go down well with social media users.

GST Council sets up GoMs on health and life insurance, compensation cess: Key highlights

FM Sitharaman also announced a committee of secretaries for ministers who wish to understand the issue of levy of Integrated GST.

Opposition Stages Walk Out Demanding Withdrawal Of GST On Health, Life Insurance Premiums

Opposition members in Lok Sabha slammed the government for not discussing an amendment to the Finance Bill to withdraw the 18% GST levied on medical and life insurance premiums. Finance Minister Nirmala Sitharaman, who piloted the Finance Bill, said any amendment to GST has to be approved by the GST Council. Listen in to what RSP member NK Premchandran had to say about this. #financebill2024 #opposition #gst #healthpremiums #medicalbills #loksabha2024

FM Sitharaman announces pan-India roll out of biometric authentication to curb fake invoicing

The Aadhaar authentication is expected to combat fraudulent input tax credit claims, the Finance Minister said.

Why GST Retro Tax on Online Gaming has been Debilitating for the Sector | GST Council Expectations

As the GST council meets on the 22nd of June, expectations are high that the council will revisit the retrospective taxation on online gaming. The amendment, if implemented, will give both the Centre and States the power to waive GST dues that have not been paid due to legal ambiguity. Experts say that the move would be a relief for the sector. What can you expect from the GST council meet? Moneycontrol's Shweta Punj speaks with Roland Landers of All India Gaming Federation (AIGF), Badri Narayanan of Lakshmikumaran & Sridharan and Bipin Sapra of EY India. Watch.

No relief likely, GST from online gaming jumps five times: Government Official

Online gaming will not be discussed by the GST Council’s fitment committee but will be brought directly before the Council for review.

MC Exclusive: Council may clarify electricity supply to tenants by malls exempt from GST

A Calcutta High Court ruling in 2017, had declared that supply by any entity is not authorised to distribute electricity should be taxed, whereas the Delhi Electricity Regulation Commission had ruled that such supply is GST exempt. The Council is expected to uphold this rule.

MC Exclusive: Council likely to exempt extra neutral alcohol from GST for interim period

The taxability of ENA, which is used in the manufacture of liquor as well as for industrial and commercial purposes, has been under deliberation since 2017.

MC Exclusive: GST Council to discuss lower rate on motor vehicles purchased by visually impaired

The Madras High Court in a decision on June 26, 2023, said that the visually impaired petitioner is eligible for a concessional GST rate on the purchase of motor vehicles.

28% GST on online gaming: Industry players react to FM’s announcement

Only established and well-entrenched skill gaming companies may be able to scrape through this change by using their existing capital reserves to counter the effects of increased tax liability, the All India Gaming Federation said

GST Council to also tax online gaming transactions in virtual digital assets at 28%

So far, lottery, betting, and gambling were classified as actionable claims. Now, horse racing and online gaming will be added.

GST Council Meet 2023: GoM decides to levy 28% GST on online gaming, horse racing, casinos

GST Council Meet 2023: FM Sitharaman said that changes will be made in the GST law to state that these three supplies are not actionable claims, like that of lottery and betting.

GST Council meet: Several opposition ruled states voice concern over ED sharing info with GSTN

At the 50th GST Council meeting on Tuesday, Aam-Aadmi Party ruled Delhi and Punjab voiced concerns over the notification and demanded a discussion.

Around 25% of 69,000 suspected GST accounts fake, Rs 15,000 crore evasion likely

The issue is also likely to come up at the the GST Council meeting on July 11 where the information will be shared with the state finance ministers

GST Council likely to exempt IGST on cancer drug import

The GST Council at its next meeting on Tuesday is likely to exempt cancer medicine Dinutuximab imported by individuals from tax.

GST council meeting to be held on July 11

"The 50th meeting of the GST Council will be held on 11th July 2023 at Vigyan Bhawan, New Delhi," the GST Council tweeted.

Next GST Council meet to approve the number of appellate tribunal benches in each state

About 50 appellate tribunal branches are expected to be established across India. These could become operational by the close of the current financial year.

GST Council meet begins; Decriminalising offences, curbing tax evasion in chewing tobacco on agenda

The Council would also consider a report of tax officers and give clarity on the rate applicability in certain goods and services.

GST council to consider decriminalisation of GST law in December 17 meet

The government had in September said that GST officers can launch prosecution against GST offenders in cases where the amount of evasion or misuse of input tax credit is more than Rs 5 crore.

GST Council meet: All eyes on states' compensation; 28% tax on online gaming, casinos, horse racing

On the first day, the 47th GST Council chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, decided to tweak tax rates of some goods and services, including bringing pre-packed and labelled food items under the tax net to check evasion.

GST Council Meet Highlights | GoM report on exemption, inverted duty structure accepted; next meeting in August

GST Council Meet Highlights | The GoM on tribunals will be set up in a couple of days, Finance Minister Nirmala Sitharaman said, adding that their recommendations would likely be discussed at the next GST Council meeting in Madurai in first week of August.

GST Council Meet: Rate changes on some items likely, compensation for states tops agenda