Gst Council: Latest News and Updates, Top Stories, Videos, Photos About Gst Council

Delta Corp Shares Rejoice After Calcutta High Court Grants Relief On Rs 6,384 Cr GST Notice, Stock Up 2%

Delta Corp shares traded in the green on Thursday, a day after the company informed that the High Court of Calcutta has provided interim relief to Deltatech Gaming Limited (DGL) in connection with the alleged tax shortfall of Rs 6,384 crore ...

GST Conundrum: The Gangajal Tax Debate and Other Baffling Classifications

A recent controversy surrounding the taxation of 'gangajal' under the Goods and Services Tax (GST) has thrown a spotlight on the complex classification structure within the GST regime. While political parties and the Finance Ministry engage in a heated debate over ...

GST Council Announces Amnesty Scheme for Taxpayers to File Appeals till January 31, 2024

The GST Council has introduced an amnesty scheme allowing taxpayers to file appeals against demand orders passed by tax officers until March 2023. Read more....

GST Council Decides To Levy 18% GST On Corporate Guarantee For Subsidiaries, Cut Tax On Molasses To 5 Pc

The GST Council on Saturday clarified that guarantees provided by corporates to their subsidiaries will attract an 18 per cent GST, while no tax will be levied if a personal guarantee is given by a director to the company. The council, ...

GST Council Exempts ENA Potable Alcohol from Tax: Relief to Industry, says CIABC

The GST Council's decision to exempt ENA potable alcohol for human consumption from tax is a relief to the industry as it will bring stability, CIABC said on Saturday....

GST Council's Upcoming Meeting: A Deep Dive into Online Gaming Taxation Changes

The GST Council is set to review the progress of states in incorporating changes with regards to taxation of online gaming. The meeting will take place on October 7....

28% GST On Casinos, Online Gaming To Be Reviewed 6-Months After Implementation

The GST council on Wednesday clarified that it shall review taxation on online gaming, casinos & horse racing in six months from implementation that will be October 1, 2023. The meeting of Goods and Services Tax (GST) Council, chaired by Finance ...

GST Council Exempts Cancer-Fighting Drugs, Medicines For Rare Diseases From GST

The GST Council in its 50th meeting held on Tuesday, Jul 11, 2023, announced several key decisions in the GST system of various sectors in India. The panel, headed by the Union finance minister and comprising representatives of all states and ...

GST Council Brings Down Tax On Food & Beverages Served In Cinema Halls To 5%

In major development that will bring cheer to movie goers, the goods and services tax (GST) council at its 50th meeting chaired by Finance Minister Nirmala Sitharaman on July 11 opted to bring down the tax on food and beverages served ...

GST Council May Consider Exempt IGST On Cancer Drug Import

The GST Council is likely to waive duty on the personally imported cancer drug dinutuximab. Dinutuximab (Qarziba), a cancer drug, is currently subject to a 12% IGST when imported by persons for their own use, Business Today reports. The Fitment Committee ...

GST Council Meeting: Things That Are Likely To Become Dearer & Cheaper

The Goods and Service Tax (GST) council meeting, to be held in New Delhi today, is likely to deliberate on several key issues including taxation of online gaming, definition of utility vehicles and tightening of norms for registration and claiming ITC. ...

Automobile Dealers' Body Demands GST Cut On Two-Wheelers From 28% To 18%

Automobile dealers' body FADA on Thursday sought a cut in GST on two-wheelers from 28 per cent to 18 per cent, saying the segment being essential for millions should not be categorised as luxury item, reported PTI. The industry body ...

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