Gst Council News

Indian MedicalAssociation (IMA) today has requested the government to remove the imposition of GST on healthcare. The letter by the organisation said the decision is unfortunate and shall make healthcare expensive without ITC. The 47th GST Council meeting ...

The government has concluded the Goods and Service Tax (GST) Council meeting today, on June 29, and provided relief to the Indian MSMEs and taxpayers. The government has extended the Rs. 40 lakh threshold exemption for intra-state sales and the Rs. 1.5 ...

The Union government has concluded its GST Council meeting today, on June 29 in Chandigarh. The Finance Ministry stated that the taxes on some household goods and services including kitchenware will be hiked to 18%. The current rate is 12%. The ...

In a latest development that may jolt common men, the Goods and Services Tax (GST) Council has given nod to impose a 5% goods and services tax (GST) sans input tax credit (ITC) on hospitals rooms with rent going above Rs ...

A ministerial panel is scheduled to hold a meeting next week to discuss a goods and services tax on cryptocurrency transaction, according to a Bloomberg report. People with information on the matter said, the panel is expected to include federal and ...

The Goods and Services Tax (GST) Council in its next meeting might raise the lowest tax slab to 8%, from 5%, according to a report by the PTI news agency, citing sources. As the GST Council looks to raise revenues and ...

The GST Council in its 44th meet held via video-conferencing today gave a go-ahead to all the recommendations proposed by GoM in respect of rate rationalisation. Here are the key takeaways from the 44th GST Council meet: 1.  GST ...