Exciting updates from the latest GST Council meeting! Find out all about the tax reductions and policy changes that are making headlines today.
The recent GST Council meeting has been abuzz with discussions on tax reductions and policy changes affecting a variety of sectors. One of the key highlights is the reduction of GST rates on all carton boxes to 12%, benefiting apple growers in Himachal Pradesh and Jammu and Kashmir. Union Finance Minister Nirmala Sitharaman led the 53rd GST Council meeting, focusing on proposals to make goods and services more affordable for the common man.
Apart from carton boxes, the council is also considering reducing taxes on online gaming and fertilizers. Recommendations from the Standing Committee on Chemicals and Fertilizers to lower GST on nutrients and raw materials are under review. Additionally, the council has recommended exempting platform tickets and certain services provided by Indian Railways from GST, bringing relief to commuters.
In a surprising move, the GST Council waived interest and penalties on tax demands from FY18 onwards, aiming to reduce tax litigation. The meeting, chaired by FM Nirmala Sitharaman, aimed to streamline GST applicability across various goods and services, ensuring a more efficient tax system for businesses and consumers alike.
In the midst of these discussions, interesting facts emerged from the meeting, highlighting the significance of the decisions made. For instance, the exemption of platform tickets and services by Indian Railways from GST showcases the government's focus on easing the burden on the common man. Additionally, the reduction in GST rates on carton boxes reflects a targeted approach to support specific industries like apple growers in Himachal Pradesh and Jammu and Kashmir.
The move is aimed to help apple growers of Himanchal Pradesh, Jammu and Kashmir. Business Today was first to report that the GST Council is likely to reduce ...
Union finance minister Nirmala Sitharaman will chair the 53rd Goods and Services Tax (GST) Council meeting scheduled later on Saturday.
GST Council Meet June 2024 Highlights: The GST Council will meet today with a packed agenda, including proposals to bring natural gas and aviation turbine ...
The council may also discuss the recommendations made by the Standing Committee on Chemicals and Fertilisers in February to reduce GST on nutrients and raw ...
GST Council Meeting: The council has made a host of recommendations, including a uniform rate of 12% on all milk cans. Here are the top 10 decisions ...
The GST Council has recommended to exempt Accommodation Services having a value of supply up to Rs 20,000 per person per month. The condition for this is that ...
GST Council Meeting: केंद्रीय वित्त मंत्री निर्मला सीतारमण की अध्यक्षता में शनिवार 22 जून को जीएसटी काउंसिल (GST Council) की बैठक हुई।
Sitharaman also announced that the GST Council recommended extending the time limit to furnish details and the returns in form GSTR 4 from April 30 to June ...
GST Council Meeting: जीएसटी यानी गुड्स एंड सर्विस टैक्स काउंसिल की पहली बैठक आज वित्त मंत्री निर्मला सीतारमण की अध्यक्षता में संपन्न ...
22 जून को वित्त मंत्री निर्मला सीतारमण के नेतृत्व में 53वीं जीएसटी काउंसिल की बैठक हुई. जीएसटी काउंसिल की बैठक के बाद वित्त मंत्री ने एक ...
The Goods and Services Tax (GST) Council in its Saturday meeting has approved several compliance measures, aiming at reducing tax litigation and enhancing ...
The meeting, chaired by Union Finance Minister Nirmala Sitharaman, deliberated on various proposals to streamline GST applicability across goods and services.
Nirmala Sitharaman: वित्त मंत्री निर्मला सीतारमण ने बैठक के बाद बताया कि सोलर कुकर और स्टील एवं एल्यूमिनियम से बने मिल्क कैन पर 12 ...
GST Council Meet 2024: Union Finance Minister Nirmala Sitharaman holds a press conference. The next GST Council meeting will be post-budget session.
Several recommendations were made at the meet to refine tax rates and service exemptions under the GST regime. The meeting, chaired by Union Finance Minister ...
The 53rd GST Council took a number of decisions to ease the compliance burden and grievances of taxpayers.
The Indian Railways' services aimed at the common man, including the sale of platform tickets, access to retiring rooms, waiting rooms, and battery-operated ...
కేంద్ర ఆర్ధిక శాఖ మంత్రి నిర్మలా సీతారామన్ అధ్యక్షతన 53వ జీఎస్టీ కౌన్సిల్ సమావేశం జరిగింది.. రాఫ్ట్రాల ఆర్ధికశాఖ మంత్రులు ఈ సమావేశానికి ...
The GST council meeting took place after a gap of eight months. The last meet took place on October 7, 2023.
वित्त मंत्री निर्मला सीतारमण ने कहा कि हम सीमित विषयों पर ही विचार कर सकते थे। बजट सत्र के बाद एक और जीएसटी बैठक आयोजित की ...
Addressing a press conference after the GST Council meet, finance minister Nirmala Sitharaman said that GST on online gaming was not on the Council's agenda.
Finance Minister Nirmala Sitharaman announced key measures during the 53rd GST Council meeting on June 22, 2024. Highlights included Aadhaar-based biometric ...
केंद्रीय वित्त मंत्री निर्मला सीतारमण ने सभी वित्त मंत्रियों के इस साथ इस बैठक में उनके विचार जाने। इसके बाद जीएसटी परिषद की 53वीं ...
GST Council Meet: तीन मंत्री समूहों का पुनर्गठन करने का कारण यह है कि 11 राज्यों के नए मंत्री शनिवार को परिषद में शामिल हो गए हैं।
GST Council Meeting: वित्त मंत्री ने प्रेस कॉन्फ्रेंस में बताया कि काउंसिल ने टैक्स डिमांड नोटिस के दंड पर ब्याज माफ करने की सिफारिश की है।
Co-living service providers have welcomed the GST Council's proposal to exempt GST on accommodation services charging up to ₹20000 per month per person.
Kerala Finance Minister K N Balagopal has called for a review of the central-state tax sharing ratio of the Goods and Services Tax (GST), and said that 60 ...