Page 20 - Gst Council

Petroleum products should be brought under GST, suggests Assocham

The two-year period for keeping petroleum products outside GST is almost over, said Assocham

Sitharaman's first Budget gives breather for delay in payments towards GST

The current mechanism of filing returns is being replaced by simplified forms that would come into operation in phases

Two years on, still not a good and simple tax: What ails the GST regime

Find a fix for anti-profiteering measures, filing glitches, advance ruling mechanism, say experts

Raw deal

GST Council has gone overboard on anti-profiteering

GST Council grappling with how to impose uniform tax rate on lotteries

The state-run lotteries draw a 12 per cent and the state-authorised lotteries attract the peak rate of 28 per cent

GST Council may meet next month; NAA extension likely to be on agenda

May take up pending issues requiring immediate attention

GST Council gives firms more flexibility on use of input tax credit

Any company would now be eligible to use credit available against paid integrated GST (IGST) to set off tax liabilities of state GST (SGST) and central GST (CGST) in any proportion and in any order

GST Council meeting adjourns, fails to arrive at a consensus on real estate

There were differences between the members of the Council on real estate

Delhi HC issues notices to GST Council, CBIC on order against Excel Rasayan

The GST rate on detergents were cut from 28% to 18% on November 15, 2017

Proposal to encourage taxmen to file GST profiteering complaints on anvil

Once the tax officers find that GST benefits have not been passed on to the consumers, they will refer the case for further investigation to the Directorate General of Anti-Profiteering (DGAP)

Another sop story

GST Council's relief to MSMEs is welcome

Some year-end cheer from GST Council

Big relaxation is decision to allow ITC against invoices issued by a supplier during 2017-18 till April 20, 2019, the due date for furnishing of form GSTR-3B for March, subject to specified condition

GST Council likely to lower GST on under-construction homes to 5%

Currently, the Goods and Services Tax is levied at 12 per cent on payments made for under-construction property or ready-to-move-in flats

GST Council cuts rates on 23 items including TVs, no relief on cement

The Council pruned the list of items under the peak 28% slab by removing six goods, leaving only 28 now

GST Council allowing dual jurisdiction over assesses worrying traders: CAIT

GST Council in 2017 had decided that both the central and state tax administration would have the power to take intelligence-based enforcement action

GST council meet: Panel of 7 finance ministers to decide on calamity tax

Centre vows to help states reduce revenue shortfall to near-zero in five years

Needed decisions by GST Council

The Council is moving towards a three-tier structure of five, 12 and 18 per cent, though it could be a while before all items come into these slabs

Right move, wrong way

GST Council decisions are sound, but don't follow norms

National GST appellate tribunal on anvil, Council to decide on July 21

The Centre and state governments would have to amend the GST law if the proposal is approved by the Council in its next meeting on July 21

Council may consider bringing jet fuel, natural gas under GST ambit

However, fitting the two products in the 5, 12, 18 and 28 per cent GST tax slabs is proving to be difficult