Recommendations of 49th GST Council Meeting
  • 20 Feb 2023 06:26 PM
  • New

Recommendations of 49th GST Council Meeting

Source: https://taxguru.in/goods-and-service-tax/recommendations-49th-gst-council-meeting.html

Government of India to clear entire pending balance GST compensation of Rs. 16,982 crore for June’2022.
GST Council adopts report of Group of Ministers (GoM) on GST Appellate Tribunal with certain modifications.

Read More
49th GST Council Meet: Entire pending GST compensation will be cleared, says FM Nirmala Sitharaman
  • 18 Feb 2023 06:09 PM
  • New

49th GST Council Meet: Entire pending GST compensation will be cleared, says FM Nirmala Sitharaman

Source: https://www.livemint.com/news/india/49th-gst-council-meet-nirmala-sitharaman-appellate-tribunals-live-updates-pan-masala-and-gutkha-business-11676708996798.html

The Union Finance Minister, Union Minister of State for Finance Pankaj Chaudhary, besides the finance ministers of states and Union Territories (with legislature) and senior officers from the Union government and states, attended the meeting

Read More
What GST Council meet is debating today
  • 18 Feb 2023 06:19 PM
  • New

What GST Council meet is debating today

Source: https://www.livemint.com/news/india/what-gst-council-meet-is-debating-today-11676710579644.html

The 49th meeting of the federal indirect tax body, the Goods and Services Tax (GST) Council, is now underway to decide on key tax matters. Mint takes a look at what to expect from the meeting.

Read More
From GST rates reduction on certain products to pending dues: Top 10 announcements by FM Sitharaman
  • 18 Feb 2023 06:25 PM

From GST rates reduction on certain products to pending dues: Top 10 announcements by FM Sitharaman

Source: https://www.livemint.com/economy/from-gst-rates-reduction-on-certain-products-to-pending-dues-top-10-announcements-by-fm-sitharaman-11676722345124.html

The FM added the government would release ₹16,982 crores from their own resources and the same amount will be recouped from the future compensation cess collection.

Read More
Govt mulls to tap kirana stores to boost tax base
  • 17 Feb 2023 05:49 PM

Govt mulls to tap kirana stores to boost tax base

Source: https://www.livemint.com/economy/govt-mulls-to-tap-kirana-stores-to-boost-tax-base-11676557646195.html

The Union government is planning to widen its goods and services tax (GST) by tapping a section of kirana stores, a top tax official said today, as New Delhi looks to bring more elements of the economy into the tax net

Read More
GST Council meeting tomorrow: Here's what's on agenda
  • 17 Feb 2023 05:54 PM

GST Council meeting tomorrow: Here's what's on agenda

Source: https://www.livemint.com/news/india/gst-council-meeting-tomorrow-here-s-what-s-on-agenda-11676595527578.html

The 49th GST meeting is being held after the presentation of the union budget earlier this month which offered to extend the 50-year interest-free loan to states for another year

Read More
Industry bodies seek GST structure rationalisation on metal scraps
  • 17 Feb 2023 06:10 PM

Industry bodies seek GST structure rationalisation on metal scraps

Source: https://www.livemint.com/news/industry-bodies-seeks-gst-structure-rationalisation-on-metal-scraps-11676610157750.html

AIIFA said that the induction furnace sector contributes around 35% to the total steel production in India, requesting the government to rationalise the GST structure

Read More
Representation/suggestions regarding important changes in GST
  • 16 Feb 2023 06:40 PM

Representation/suggestions regarding important changes in GST

Source: https://taxguru.in/goods-and-service-tax/representation-suggestions-important-gst.html

Myself Manoj Agarwal, Advocate have been making my little efforts in sharing knowledge on GST at various platforms in the name of GSTsathi. I am making active contribution since the introduction of Constitution Amendment Bill leading to 101st Amendment Act, 2016.

Read More
Once states agree, petroleum will be brought into GST: FM
  • 16 Feb 2023 06:08 PM

Once states agree, petroleum will be brought into GST: FM

Source: https://www.livemint.com/news/india/once-states-agree-petroleum-will-be-brought-into-gst-fm-11676477424609.html

Sitharaman says the government had kept micro, small and medium enterprises in mind while making the budget, which also emphasised on strong capital expenditure by the Centre and sustaining eonomic growth momentum

Read More