Page 16 - Gst Council

GST may cover fuel, power: Sushil Modi

Said electricity, real estate, stamp duty, and petroleum products should become part of the GST

Hotel, restaurants body meets GST Council over tax rates

The Federation of Hotels & Restaurants Association of India today said the body met with GST Council members, including state finance ministers, to press for rationalisation of tax rates for the industry. "We have met the GST Council, which was represented by the Union Revenue Secretary Hasmukh Adhia. We have also met a couple of state Finance Ministers separately and put forward our demands," Federation of Hotels & Restaurants Association of India (FHRAI) President Garish Oberoi told PTI. The association is seeking reduction of GST to 12 per cent on all categories of restaurants from the differential rates of different segments, he added. Currently, restaurants with no AC and no bar attract a GST of 12 per cent, while all other restaurants fall under the 18 per cent bracket. "We also heard a news that GST Council was planning to remove the input credit system for the restaurants. This will hurt the industry and it will be against the basic principle of GST. It ..

GST Council may prune items in 28% slab, simplify returns tomorrow

The Council, comprising of state FMs, is also set to review the GST returns filing cycle and make it taxpayer friendly

GoM set up under Assam FM Himanta Biswa Sarma to review composition scheme

Currently, GST is levied at 12 per cent on non-AC restaurants while it is 18 per cent in air-conditioned ones

GST Council approves Rs 1 crore threshold for Composition Scheme

Under the Composition Scheme, traders have to pay a fixed tax rate between 1-5%

GST Council to decide on tax refunds on October 6

The first meeting of the GoM was held here on September 16

GST Council may lower tax slab from 12% to 5% of government works

The council is scheduled to meet in NCR tomorrow and may consider reducing the tax slab on labour component in government projects

GST Council decides how to distribute assessees

After deciding the basic principle of division of assessees between central and state tax authorities, the Goods and Services Tax Council has stated how this would be done. Earlier, the Council had decided a state would have control over 90 per cent of GST payers where turnover of businesses was up to Rs 1.5 crore a year. Over that figure, the state and central officials were to have 50:50 control. The division to be done by computer at the state level, by random choice.Now, it has been decided that for those registered under Value Added Tax (VAT) or both it and central excise, their state turnover, including inter-state transactions, will be taken into account. For those registered only under central excise and not VAT, the annual turnover given in central excise returns will be taken into account. Those registered under VAT and service tax will be considered on the turnover given in the returns for both, the overlap being excluded. For those registered in only service tax, their ...

Hope for exporters on GST minuses

Sushil Kumar Modi will be assisted by four ministers from different states and top executives of the GSTN

Left activists stage protest near GST Council meeting venue

They were whisked away in a van, the police said

GST Council flooded with requests to slash tax rates on various commodities

GST Council refers some of the tax change requests to the fitment committee

GST Council may finalise e-way rules today

GST provision requires goods more than Rs 50,000 to be pre-registered online before it can be moved

CBI arrests GST Council superintendent, aide on graft charges

This could be the first instance of a GST Council official being arrested by the CBI

GST Council may go for more rate revisions, tobacco likely to be targeted

FM Arun Jaitley will be asked to join in, through video-conferencing

On June 18, GST Council to discuss revision of rates on more items

Arun Jaitley will chair the 17th meeting of the GST at Vigyan Bhavan

No Integrated GST to be levied on buses travelling to Pakistan, Bangladesh

IGST to also be exempted on any mode of conveyance from one location to another of same entity

Railways asks GST Council to exempt internal supplies

Wants to be treated as a unified entity to avoid multiple registrations

GST Council has done a commendable job, say experts

Under the new tax, rates will range from 5 to 28%, with 12% and 18% being the standard rates

GST Council to finalise rules for new tax regime today

GST Council has already approved 5 sets of rules relating to registration, payments, refund, invoice and returns

Luxury goods, 'demerit' items set to burn a hole in your pocket under GST

GST Council caps cess on luxury goods at 15%, to be charged over and above standard GST rate