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Gst Council
Business  /  Published 19.05.22

Gamers, gamblers in a tax soup

The goods and services tax rate on casinos, race courses and online gaming will increase to 28 per cent from 18 per cent at present if the GST Council accepts the recommendation of the Group of Minist...
By Our Correspondent in New Delhi

Business  /  Published 18.03.22

Formula for jet fuel under GST

The GST Council is likely to discuss ways to bring aviation turbine fuel within the new tax regime. A meeting of the council is due this month as it meets once every quarter and had last met on Decem...
By R. Suryamurthy in New Delhi

Business  /  Published 07.03.22

GST: Lowest slab may rise to 8 per cent

⚫ Minimum rate at 8% ⚫ Prune the list of exempted items ⚫ Bring down slabs to 3 from 5 ...
By PTI in New Delhi

Business  /  Published 01.01.22

GST Council defers textile duty hike

The GST Council on Friday decided to defer the hike in textile duty to 12 per cent from 5 per cent that was due to take effect from January 1 and referred the matter for review to the group of ministe...
By Our Special Correspondent in New Delhi

Business  /  Published 30.12.21

GST Council to meet on Friday

The GST Council, chaired by finance minister Nirmala Sitharaman, will meet on December 31 and discuss, among other things, the report of panel of state ministers on rate rationalisation. This will be...
By PTI in New Delhi

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Business  /  Published 25.12.21

Call for textile GST reversion

Amit Mitra, principal chief advisor to Bengal chief minister Mamata Banerjee, on Friday urged Union finance minister Nirmala Sitharaman to call an urgent GST Council meeting to discuss and reverse the...
By A Staff Reporter in Calcutta

Business  /  Published 29.11.21

3-rate recipe for revenue neutral GST

The GST rate structure could be simplified without much loss of revenue by having three slabs — 8 per cent, 15 per cent and 30 per cent, a government think tank said. The study by the National ...
By R. Suryamurthy in New Delhi

Business  /  Published 15.11.21

GST meet to focus on rate rejig

The next GST Council meeting in December will focus on the rationalisation of the multiple rate slabs and ways to raise revenues as the deadline to end compensation to states looms. The council&rsquo...
By R. Suryamurthy in New Delhi

Business  /  Published 06.11.21

Govt begins review of tax exemptions

The Centre has sought suggestions on possible changes in direct and indirect taxes from trade and industry bodies with the objective of broadening the tax base, while reducing the rates in the next bu...
By Our Special Correspondent in New Delhi

Business  /  Published 08.10.21

States get Rs 40,000-cr GST dues

The finance ministry on Thursday released Rs 40,000 crore to states and Union territories to compensate them for the shortfall in GST revenues, taking the total amount released as loan so far this fis...
By Our Special Correspondent in New Delhi


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