Tag Archives: GST Council

Tax rates on 29 Goods & 53 categories of Services reduced | GST Council

21st GST Council

Goods and Services Tax Council has reduced the tax rate on 29 goods and 53 categories of services by bringing them in lower category. The new rates will be effective from 25th of this month. The GST rate on tailoring service has been reduced from 18 to 5 percent and tax on entry services to theme parks, water parks, joy rides, merry-go-rounds, go-carting and ballet… Read More

GST Council reduces tax rates on 27 items, approves quarterly return filing

GST Council

In a major relief to common man, small traders and exporters, the GST Council has reduced tax rates on 27 items and allowed the filing of returns on the quarterly basis. The GST Council meeting held under the Chairmanship of Union Finance Minister Arun Jaitely in New Delhi yesterday decided to reduce the GST rates on dried mangoes, Khakhra, plain chapatis, unbranded… Read More

Arun Jaitley to chair 17th meeting of the Council

GST Bill

Union Finance Minister Arun Jaitley will chair the 17th meeting of the GST Council in New Delhi. The one-day meeting will be attended by the Finance Ministers of different States and Union Territories. Main agenda items of the meeting include confirmation of the minutes of the 16th GST Council meeting, approval of draft GST Rules and related Forms for advance… Read More

Tax Relief under GST

GST Bill

All decisions of GST Council so far have been taken unanimously. Various states may have different points of view on an issue but the final decisions have been unanimous.

The issue regarding treatment of the existing tax incentive schemes of the Central and State Governments was discussed during the 2nd Meeting of the GST Council held on 30th September, 2016… Read More

Cabinet approves creation of GST Council and its Secretariat

GST

The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has approved setting up of GST Council and setting up its Secretariat as per the following details:

(a)          Creation of the GST Council as per Article 279A of the amended Constitution;

(b)         Creation of the GST Council Secretariat, with its office… Read More