GST Council meeting

2024 - 6 - 22

GST Council Meeting Buzz: Updates on Tax Reductions and Policy Changes

GST Council meeting - GST rates - Indian Railways - Nirmala Sitharaman - tax exemptions

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.

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Image courtesy of "Business Today"

GST Council Meeting: GST rate on all carton boxes reduced to 12 ... (Business Today)

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 ...

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Image courtesy of "Livemint"

GST Council meet underway: Here's what may get cheaper and ... (Livemint)

Union finance minister Nirmala Sitharaman will chair the 53rd Goods and Services Tax (GST) Council meeting scheduled later on Saturday.

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Image courtesy of "Financial Express"

53rd GST Council Meeting Highlights: FM assures finance ... (Financial Express)

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 ...

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Image courtesy of "Business Standard"

GST Council likely to mull on online gaming, reduce tax on fertiliser (Business Standard)

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 ...

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Image courtesy of "India Today"

No tax on platform tickets, services by Railways: Big GST Council ... (India Today)

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 ...

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Image courtesy of "Moneycontrol.com"

GST Council Meeting LIVE: Services provided by Indian Railways ... (Moneycontrol.com)

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 ...

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Image courtesy of "मनी कंट्रोल"

रेलवे प्लेटफॉर्म टिकट होगा सस्ता, सोलर कुकर महंगा! GST काउंसिल की ... (मनी कंट्रोल)

GST Council Meeting: केंद्रीय वित्त मंत्री निर्मला सीतारमण की अध्यक्षता में शनिवार 22 जून को जीएसटी काउंसिल (GST Council) की बैठक हुई।

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Image courtesy of "Hindustan Times"

GST Council meet: Biometric authentication among 10 big ... (Hindustan Times)

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 ...

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Image courtesy of "नवभारत टाइम्स"

GST काउंसिल की पहली बैठक में कई बड़े फैसले, दूध के डिब्बों पर 12% टैक्स ... (नवभारत टाइम्स)

GST Council Meeting: जीएसटी यानी गुड्स एंड सर्विस टैक्स काउंसिल की पहली बैठक आज वित्त मंत्री निर्मला सीतारमण की अध्यक्षता में संपन्न ...

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Image courtesy of "CNBC TV18"

GST Council Meeting: 53वीं जीएसटी काउंसिल की बैठक में कई बड़े फैसले ... (CNBC TV18)

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 ...

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Image courtesy of "Business Standard"

GST Council waives interest, penalty on tax demands between FY18 ... (Business Standard)

The Goods and Services Tax (GST) Council in its Saturday meeting has approved several compliance measures, aiming at reducing tax litigation and enhancing ...

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Image courtesy of "Moneycontrol.com"

Highlights from 53rd GST Council Meeting: What you should know (Moneycontrol.com)

The meeting, chaired by Union Finance Minister Nirmala Sitharaman, deliberated on various proposals to streamline GST applicability across goods and services.

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Image courtesy of "ABP News"

GST Council Meeting: प्लेटफॉर्म टिकट पर नहीं लगेगा GST, जीएसटी ... (ABP News)

Nirmala Sitharaman: वित्त मंत्री निर्मला सीतारमण ने बैठक के बाद बताया कि सोलर कुकर और स्टील एवं एल्यूमिनियम से बने मिल्क कैन पर 12 ...

53rd GST Council Meeting: Press Conference by FM Nirmala ... (The Economic Times)

GST Council Meet 2024: Union Finance Minister Nirmala Sitharaman holds a press conference. The next GST Council meeting will be post-budget session.

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Image courtesy of "Moneycontrol.com"

Highlights from 53rd GST Council Meeting: What you should know (Moneycontrol.com)

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 ...

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Image courtesy of "Livemint"

GST Council meeting: Tax rates changed for goods & services ... (Livemint)

The 53rd GST Council took a number of decisions to ease the compliance burden and grievances of taxpayers.

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Image courtesy of "CNBCTV18"

GST council meeting updates: Key takeaways from FM Sitharaman ... (CNBCTV18)

The Indian Railways' services aimed at the common man, including the sale of platform tickets, access to retiring rooms, waiting rooms, and battery-operated ...

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Image courtesy of "TV9 Telugu"

GST Council Meeting: జీఎస్టీ కౌన్సిల్‌‌లో చిరు వ్యాపారులకు మేలు చేసే ... (TV9 Telugu)

కేంద్ర ఆర్ధిక శాఖ మంత్రి నిర్మలా సీతారామన్‌ అధ్యక్షతన 53వ జీఎస్టీ కౌన్సిల్‌ సమావేశం జరిగింది.. రాఫ్ట్రాల ఆర్ధికశాఖ మంత్రులు ఈ సమావేశానికి ...

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Image courtesy of "Hindustan Times"

GST Council meet: Nirmala Sitharaman announces rates change for ... (Hindustan Times)

The GST council meeting took place after a gap of eight months. The last meet took place on October 7, 2023.

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Image courtesy of "Hindustan हिंदी"

रेलवे प्लेटफॉर्म टिकट सस्ता, दूध पर भी फैसला, GST काउंसिल के ये हैं बड़े ... (Hindustan हिंदी)

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 ...

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Image courtesy of "Inc42 Media"

GST Council Meet: No Discussion On GST For Gaming Companies ... (Inc42 Media)

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.

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Image courtesy of "Livemint"

53rd GST Council meeting key takeaways: No tax on platform tickets ... (Livemint)

Finance Minister Nirmala Sitharaman announced key measures during the 53rd GST Council meeting on June 22, 2024. Highlights included Aadhaar-based biometric ...

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Image courtesy of "दैनिक जागरण"

53rd GST Council meeting: इन प्रोडक्ट और सर्विस के बदल गए जीएसटी ... (दैनिक जागरण)

केंद्रीय वित्त मंत्री निर्मला सीतारमण ने सभी वित्त मंत्रियों के इस साथ इस बैठक में उनके विचार जाने। इसके बाद जीएसटी परिषद की 53वीं ...

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Image courtesy of "Business Standard Hindi"

GST Council Meeting: जीएसटी परिषद तीन मंत्री समूहों का पुनर्गठन करेगी (Business Standard Hindi)

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।

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Image courtesy of "Business Standard Hindi"

GST Council meeting: रेलवे प्लेटफॉर्म टिकट से लेकर पेट्रोल-डीजल तक ... (Business Standard Hindi)

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।

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Image courtesy of "Hindustan Times"

53rd GST Council meeting: Co-living firms welcome proposal to ... (Hindustan Times)

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.

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Image courtesy of "Business Standard"

GST Council meeting: States should get 60% share of GST, says ... (Business Standard)

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 ...

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