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GST Council reduces tax on equipment, meds to fight Covid19

New Delhi/IBNS: The Goods and Services Tax Council Saturday slashed taxes on medicines, medical equipment needed in hospitals and other items used to fight Covid-19.

GST Council meet on May 28; likely to discuss States' Covid-related demands

New Delhi/UNI: The Goods and Services Tax Council will meet on May 28 after a gap of seven months amid calls from States for policy measures related to COVID-19 pandemic.

Coronavirus act of God which affected GST collections: Nirmala Sitharaman

New Delhi/IBNS: Amid pressure from several states to compensate the revenue shortfall, Union Finance Minister Nirmala Sitharaman on Thursday said Novel Coronavirus is an act of God that has affected the Goods and Services Tax (GST).

What the 37th GST council means for online lotteries in India

At the 37 GST council that is taking place in Goa, the single tax rate for lottery tickets is being discussed. While tax on lottery tickets has been a state matter until now, the government is calling for a nation-wide rate.

GST Council approves 5 percent rate for under-construction properties

New Delhi, Feb 24 (UNI/IBNS) In what is seen as an attempt to give relief to middle class and as well a timely boost to the real estate sector, the Goods and Services Tax (GST) Council, headed by Finance Minister Arun Jaitley, on Sunday announced that the GST payable for under construction properties will be five per cent for normal housing.

Indian government reduces GST rates in 88 items, sanitary napkins exempted

New Delhi, July 21 (IBNS): In a bid to appeal the middle class and businessmen and with an eye kept on the Lok Sabha polls next year, the Indian government on Saturday slashed Goods and Services Tax (GST) rates on several products.

GST Council approves proposal to open migration window for tax payers till Aug 31

New Delhi, July 21 (IBNS): The GST Council in its 28th meeting held here on Saturday approved the proposal to open the migration window for taxpayers, who received provisional IDs but could not complete the migration process.

Roll-out of e-Way Bill system for Andhra Pradesh, Gujarat, Kerala, Telangana and Uttar Pradesh from April 15

New Delhi, Apr 10 (IBNS): The Union Ministry of Finance announced on Tuesday that as per the decision of GST Council, e-Way Bill system for all inter-State movement of goods has been rolled-out from April 1 2018.

GST Council recommendations for Housing sector to promote affordable housing for masses

New Delhi, Feb 7 (IBNS): The Union Finance Ministry announced on Wednesday that in its 25th Meeting held on January 18, 2018, the Goods and Services Tax (GST) Council had made several important recommendations for the Housing Sector.

GST Council has recommended relief for RWA members, amusement park, circus, etc

New Delhi, Feb 7 (IBNS): The Union Ministry of Finance, on Wednesday, announced that the Goods and Service Tax (GST) Council has recommended several measures granting relief from GST on a number of goods and services during its meeting held on Jan 18, 2018.

GST Council approves rate change for 29 goods, 53 categories of services

New Delhi, Jan 18 (IBNS): The Goods and Services Tax (GST) Council on Thursday approved a change in tax rates of 29 goods and 53 categories of services.

GST rate changes come into effect on 178 items from today

New Delhi, Nov 15 (IBNS): In the 23rd meeting held on Nov 10, the GST Council had recommended major relief in GST rates on certain goods., which have been brought into effect from Wednesday. 

GST Council reduces tax rate on 177 items from 28 per cent to 18 per cent

Guwahati, Nov 10 (IBNS): The Goods and Services Tax (GST) Council on Friday decided to reduce the tax rate on 177 items from 28 per cent to 18 per cent offering major relief to the consumers and businessmen.

GST Council recommends rate structure for Petroleum and Oil Sector

New Delhi, Oct 11 (IBNS): The Union Ministry of Finance announced on Wednesday that to reduce the cascading of taxes arising on account of non-inclusion of petrol, diesel, ATF, natural gas and crude oil in GST and to incentivise investments in the E&P (exploration and production) sector and downstream sector, the GST Council has made several recommendations.

GST Council approves relief package for exporters at its 22nd Meeting

New Delhi, Oct 7 (IBNS): A relief package for exporters was approved by the GST Council at its meeting in New Delhi on Friday.