GST Council forms 10-member GoM to decide on future of compensation cess, panel to submit report by Dec 31
The Goods and Services Tax (GST) Council has set up a 10-member GoM, headed by Minister of State for Finance Pankaj Chaudhary, to decide on the future of compensation cess. The Group of Ministers (GoM), which includes members from Assam, Chhattisgarh, Gujarat, Karnataka, Madhya Pradesh, Punjab, Tamil Nadu, Uttar Pradesh and West Bengal, will submit […]
Next meeting of IPEF’s Supply Chain Council in Dec: Commerce ministry | News
Representational Image | (Photo: Shutterstock) 2 min read Last Updated : Sep 23 2024 | 8:50 PM IST The next meeting of the Supply Chain Council, set up under an agreement of the 14-member IPEF, will be held in December, the commerce ministry said on Monday. The IPEF (Indo-Pacific Economic Framework for Prosperity) […]
Springer Nature’s India Research Tour 2024 Flagged off at the Indian Council of Social Science Research (ICSSR) in Delhi
Springer Nature India has partnered with the Indian Council of Social Science Research (ICSSR), Ministry of Education, Government of India for the 2nd edition of its National Research Tour. Building on the success of last year’s initiative, this year’s tour aims to further enhance research capabilities and empower academic institutions and researchers across the […]
Food processing ministry to take up concern on GST with Council: Paswan | News
Union Minister and LJP (Ram Vilas) Chief Chirag Paswan | (Photo: PTI) 3 min read Last Updated : Sep 19 2024 | 8:12 PM IST Seeking to promote the food processing sector, the Centre on Thursday held consultation with more than 100 senior executives of food companies to understand the problems faced by them […]
GST Council set to deliberate on relief and challenges for various sectors
The 54th GST Council meeting is likely to be on September 9 in New Delhi, with a packed agenda that promises both relief and challenges for various industries, according to CNBC-TV18 sources. A key issue likely to be addressed is relief for foreign airlines operating in India through branch offices. Sources indicate that the GST Council’s […]
GST Council to discuss extension of compensation cess till FY26 amid ₹1.37 lakh crore shortfall
On the demand of states, especially of the Opposition-ruled states such as Karnataka, the upcoming GST Council on September 9 is likely to have a detailed discussion on the compensation cess collections so far, since the time of roll-out of GST. Sources said the GST Council is likely to deliberate on the provision of cess […]
Exclusive: GST Council may consider reducing GST rates on life and health insurance
Ahead of the upcoming GST Council meeting, sources reveal that there could be deliberations on reducing the GST rate currently levied on life and health insurance premiums. According to information obtained by CNBC-TV18, the Council is set to discuss recommendations put forward by the fitment panel, which has been closely reviewing the current 18% GST […]
GoM likely to ask GST Council for discussions to be restarted on tax slabs and structure: Sources
The GST Council is expected to be presented with a status report on rate rationalisation by the Group of Ministers (GoM) during its upcoming meeting on September 9. And as per details from sources, the GoM is likely to inform the GST Council that discussions on GST rates, slabs, merging of slabs, and simplifying the […]
GST Council to decide on levying 18% GST on gateway fees earned by payment aggregators on transactions upto Rs 2,000
The 54th GST Council is scheduled to meet on September 9 in New Delhi to deliberate upon a proposal to clarify that an 18% GST should be levied on payment aggregators whose platforms are used for digital payment transactions of less than ₹2,000 via debit cards, credit cards, and other payment methods, according to sources. […]
54th GST Council meeting likely to ease burden for property buyers, cancer patients, and other sectors, say sources
The 54th GST Council, slated to meet on September 9 in New Delhi, is expected to bring some relief for property buyers and the real estate sector. Sources say that “the Council is likely to issue clarity on a host of subjects related to the real estate sector. These could include any charges paid for […]