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New Delhi: Union Finance Minister Nirmala Sitharaman chairs the 53rd GST Council meeting, in New Delhi, Saturday, June 22, 2024. The story so far: On June 22, the GST council recommended introducing biometric-based Aadhaar authentication for GST registrations, in a phased manner. In a media interaction after the conclusion of the council meeting, Finance Minister…
Union Finance Minister Nirmala Sitharaman chairs the 53rd GST Council meeting, in New Delhi on June 22, 2024. | Photo Credit: PTI Union Finance Minister Nirmala Sitharaman said the 53rd GST council has taken a lot of decisions relating to trade facilitation and easing the compliance procedures for small businesses, MSMEs and other taxpayers. Services…
Bharatiya Janata Party (BJP) leader Nirmala Sitharaman arrives to assume charge as the Union Finance Minister, at the Ministry of Finance in New Delhi on June 12, 2024. | Photo Credit: ANI The Centre has decided to convene a meeting of the Goods and Services Tax (GST) Council on June 22, eight-and-a-half months after its last…
Read More “GST Council to meet on June 22: What will be the agenda?” »
Somnath Zende, 39, a police sub-inspector (PSI) in Pimpri-Chinchwad, Pune’s largest satellite city, says he trains at the gym for two hours, before work begins at 9 a.m. To build his body, he spends ₹600 daily on protein shakes and other supplements, besides his expenditure on the gym membership. About three months ago, as chatter…
Read More “Online gaming platforms: the risk of a fantasy” »
Finance Minister Nirmala Sitharaman. File | Photo Credit: PTI Amid the sustained slump in India’s exports, the Goods and Services Tax (GST) Council has cleared a few measures to boost foreign trade, including enabling tax credits for services exporters receiving payments in rupees, critical for trade with countries like Iran and Russia that face global…
Read More “GST Council lifts tax blockages for rupee trade ” »
Finance Minister Nirmala Sitharaman speaks during a media briefing regarding the outcome of the 52nd Goods and Services Tax Council Meeting in New Delhi on October 7, 2023. | Photo Credit: PTI The Goods and Services Tax (GST) Council on Saturday lowered the tax rates on certain millet-based products, tweaked the age-related norms for members…
Read More “GST Council affirms 28% tax on online betting from October 1” »
GST Council also decided to levy 5 per cent tax on millet-based flour when sold in pre-packaged New Delhi: 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…
Read More “18% GST On Corporate Guarantees For Their Subsidiaries” »
The establishment of these tribunals was a much-awaited move for industry players, who had been approaching the High Courts and Supreme Court during the past six years. File | Photo Credit: AFP The Finance Ministry notified the constitution of 31 Appellate Tribunals across 28 States and eight Union Territories for the Goods and Services Tax…
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Image for representation purpose only. | Photo Credit: Reuters The government on September 6 notified amendments to GST law in relation to the valuation methodology to be adopted by online gaming companies and casinos for calculating tax. The Ministry of Finance notified amendments to Central GST law for calculating value of supply in case of…
Union Finance Minister Nirmala Sitharaman with Revenue Secretary Sanjay Malhotra during the 50th Goods and Services Tax (GST) Council Meeting at Vigyan Bhawan, in New Delhi, on July 11, 2023. | Photo Credit: PTI The Goods and Services Tax (GST) Council, at its 50th meeting on July 11, reduced or clarified the tax rate on…
Read More “GST Council to impose 28% tax on online gaming firms” »
