40th GST Council Meeting The 40th GST Council Meeting was held today. This was the first Council Meeting after the outbreak of COVID-19.Here are the key decisions that were taken in the 40th GST Council Meeting: No Late fee on GSTR3B for Nil Tax Liability: For all those who have no tax liability but have
Goods and Service Tax – GST GST March 2020 Updates l Notification l News l GST Compliance Calendar – Returns for the M/O March 2020 to be filed in April 2020 Return Original Date Revised Date GSTR-1 Outward supply for the month of March 2020 11th April 2020 30th June 2020 (Announced in post 39th
Highlights of 38th GST council l gst notification l gst circulars l gst news 18th December 2019 Union minister of finance and corporate affairs Nirmala Sitharaman chaired the 38th GST Council meeting in New Delhi on 18th December 2019. The meeting was duly attend by MOS for finance and corporate affairs Anurag Thakur besides finance
GST council to review Rates l GST updates l GST News l GST Notfication l Government may reconstruct the Goods and Service Tax act, which may include few exempted items under levy. It may also include reviewing of rates and cess on goods and services to increase the revenue. Lower GST and compensation cess collection
Outcome of 37th GST Council Meeting 37th GST Council Meetings Hotel Tariffs——————— ——————– GST Rates—————- Rs. 7500 and Above– 18% Rs. 1000 upto Rs. 7500/-– 12% Below Rs. 1000– Nil Outside Catering– ————- Now Reduced GST Rate 5%– Diamond Job-Work– Now Reduced GST Rate 1.5% – Other Job-work GST rate reduced to 12% from 18%.
GST Updates September GST Council meet: Relief for cars, hotels likely; sin goods may be at receiving end A host of consumer-facing sectors are in focus in the runup to Friday’s GST Council meeting, where the indirect tax panel may announce some reduction in levies on cars, biscuits and some other consumer goods to spur
Weekly GST Updates September l Notification l CMA Sandeep Kumar l Automobile industry woes and the conundrum of a cut in the GST rate The fear of slowing automobile sales tipping over into a recession is mounting. The industry is pinning its hopes on a cut in the goods and services tax (GST) rate from
36th GST Council Meeting GST Council is the governing body of GST having 33 members. It is chaired by the Union Finance Minister Nirmala Sitharaman and assisted with the finance minister of all the states of India. Outcome of Today (27-07-2019) GST Council Meeting Change in GST Rates Items Old GST Rate GST New Rate Electric Vechicles