Tag Archives: GST Council

GST Council meet LIVE: SMEs with an annual turnover of Rs 1.5 cr can file quarterly returns

Live updates as the GST Council sits down to debate changes to the tax reform. SUMMARY  * Exporters to get IGST relief for 6 months * SMEs with annual turnover of Rs 1.5 crore will be allowed to file quarterly ...

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21st GST Council Meet: GSTN glitches, revenue worry at meeting of GST Council

The Council decided to levy an additional cess of 2 per cent on mid-sized cars, 5 per cent on large cars, and 7 per cent on SUVs, along with lowering tax rates on 40 items, including idli/dosa batter etc. Highlighting ...

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GST Council extends July payment and return filing deadline to 25 August

GST Council extends the deadline for businesses and traders to remit their taxes and file returns for the month of July by five days to 25 August New Delhi: A key panel of the Goods and Services Tax (GST) Council on ...

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GST Council gives return filing breather to India Inc for 2 months

Amid doubts in some quarters over the tech preparedness for the goods and services tax (GST), the high-powered GST Council on Sunday decided to introduce the new indirect tax system from the midnight of June 30-July 1, but gave a ...

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GST Council revises tax rates for 66 products

The Goods and Services Tax (GST) Council has lowered the GST rates of 66 products, including insulin, school bags and tractor parts from the earlier proposed GST rates. The 16th GST Council, headed by Finance Minister Arun Jaitley, and comprising ...

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