GST Council

New Delhi: The Goods And Services Tax (GST) Council decided to decrease the tax slab for molasses. The Council decided that molasses will be now taxed under the GST slab of 5 per cent, down from the previous 28 per cent category, and…

New Delhi: The GST Council in its meeting on Wednesday is likely to finalise the modalities for determination of supply value in online gaming and casinos for levying 28 per cent tax. The Council, chaired by Union Finance Minister…

New Delhi: The all-powerful Goods and Services Tax (GST) Council on Tuesday decided to impose a 28 per cent tax on the turnover of online gaming companies, horse racing and casinos, finance minister Nirmala Sitharaman said. The panel,…

New Delhi: The GST Council on Saturday agreed to decriminalise certain offences and doubled the threshold for launching prosecution to Rs 2 crore, Revenue Secretary Sanjay Malhotra said. The Council could decide on only 8 out of the 15…

New Delhi: The 48th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, will be held on December 17. “The 48th Meeting of the GST Council will be held on 17th December, 2022 by video conference,” the GST…

New Delhi: The GST Council has decided to reduce the GST rates on the specified items being used in COVID-19 relief and management till 30th September 2021. The 44th GST Council met under the Chairmanship of Union Finance & Corporate…

New Delhi: The GST Council has decided to waive IGST on free COVID-19 related supplies imported from abroad. So far, the IGST exemption was available only when the relief items were being imported free of cost. This exemption has been…