GST Council

Timelines
Mobile phones to get more expensive; GST council raises tax

14 Mar 2020

Mobile phones to get more expensive; GST council raises tax

Mobile phones are expected to become more expensive as the government has raised the rate of Goods and Services Tax (GST) on them from 12% to 18%.

GST Council meeting: Push for hospitality; no relief for auto-sector

21 Sep 2019

GST Council meeting: Push for hospitality; no relief for auto-sector

Union Finance Minister Nirmala Sitharaman addressed the media, following the 37th GST Council meeting in Goa yesterday.

Is auto industry going through worst crisis? Data says yes

09 Sep 2019

Is auto industry going through worst crisis? Data says yes

As the Indian auto industry undergoes a crisis amid a broader economic slowdown in India, automobile sales dropped sharply in August, the worst decline since 1997-98.

GST rate on affordable housing slashed from 8% to 1%

24 Feb 2019

GST rate on affordable housing slashed from 8% to 1%

In a big favor to home buyers, the GST Council, on Sunday, slashed GST on affordable housing to 1%, down significantly from the previous 8%.

Railway ticketing, Aadhaar, GST, more: Major policy changes in 2019

04 Jan 2019

Railway ticketing, Aadhaar, GST, more: Major policy changes in 2019

Apart from celebrating endings and beginnings, and cooking life-amending resolutions, New year is also a good time to look ahead for official policy changes taking place in the coming year.

Important changes in 2019 every Indian should be aware of

02 Jan 2019

Important changes in 2019 every Indian should be aware of

The New Year 2019 is finally here and it is now time to know what changes this year brings to our lives.

Reduced GST rates on movie tickets, TVs effective from today

01 Jan 2019

Reduced GST rates on movie tickets, TVs effective from today

As a new year's gift to the common man, the government has notified a reduction in GST on a host of products and services including movie tickets, TVs, and computer monitor screens.

At GST Council meet, tax rates on 33 items reduced

22 Dec 2018

At GST Council meet, tax rates on 33 items reduced

At its 31st meeting in New Delhi, headed by Union Finance Minister Arun Jaitley, the GST council decided to move 33 items from 18% GST slab to 12% and 5%.

Rajasthan polls: Congress manifesto covers farm-loan waivers, free girl education

29 Nov 2018

Rajasthan polls: Congress manifesto covers farm-loan waivers, free girl education

Loan waiver to farmers, free education to girls, unemployment allowance of up to Rs. 3,500 to educated youth are among the promises Rajasthan Congress has made in its election manifesto released in Jaipur today.

Need GST Council like federal institution in healthcare, farm-sector: Jaitley

29 Nov 2018

Need GST Council like federal institution in healthcare, farm-sector: Jaitley

Finance Minister Arun Jaitley today made a case for developing a federal institution like GST Council in the healthcare and farm sector.

#FinancialBytes: 5 best GST software for small businesses

10 Nov 2018

#FinancialBytes: 5 best GST software for small businesses

The Goods and Services Tax (GST), introduced on July 1, 2017, is a single-tax regime which must be followed by every registered business in the country.

RTI applicant in MP asked to pay GST for information

02 Sep 2018

RTI applicant in MP asked to pay GST for information

An RTI applicant has been asked to pay the Goods and Services Tax (GST) for getting information from the Madhya Pradesh Housing and Infrastructure Development Board in Bhopal under the transparency law.

Arun Jaitley back as Finance Minister, after 3-month break

23 Aug 2018

Arun Jaitley back as Finance Minister, after 3-month break

After a three-month-long hiatus following a successful kidney transplant at the All India Institute of Medical Sciences (AIIMS), Arun Jaitley is finally ready to to take up the reins as the Finance and Corporate Affairs minister again.

GST on more items could be slashed if revenue increases

09 Aug 2018

GST on more items could be slashed if revenue increases

Finance Minister Piyush Goyal today said the capacity to slash the GST rates on more items would go up as Goods and Services Tax (GST) revenues and the compliance rate increases and the economy formalizes.

Center, industry want petroleum products under GST: Oil Minister Pradhan

01 Aug 2018

Center, industry want petroleum products under GST: Oil Minister Pradhan

The Center and the petroleum industry favor inclusion of petroleum products in the Goods and Services Tax (GST) but the GST Council will take a final call on it, Oil Minister Dharmendra Pradhan said today.

GST collection rises to Rs. 96,483 crore in July

01 Aug 2018

GST collection rises to Rs. 96,483 crore in July

GST collections rose to Rs. 96,483cr in July from Rs. 95,610cr mopped up in the previous month, the Finance Ministry said.

GST-cut: Refrigerators, washing-machines, vacuum-cleaners are now 8-10% cheaper

27 Jul 2018

GST-cut: Refrigerators, washing-machines, vacuum-cleaners are now 8-10% cheaper

If you were looking to buy a refrigerator, washing machine, vacuum cleaner or a small-screen TV, now is the time: industry insiders say prices will fall to a two-year low after the biggest GST rate cut since November, that was announced last week.

Now, only 35 goods in highest 28% tax-bracket of GST

22 Jul 2018

Now, only 35 goods in highest 28% tax-bracket of GST

The Goods and Services Tax (GST) Council has pruned the 28% slab by cutting tax rates on 191 goods over the last one year, leaving just 35 items, including ACs, digital cameras, video recorders, dishwashing machines, and automobiles, in the highest tax bracket.

After backlash, sanitary napkins finally exempted from GST

21 Jul 2018

After backlash, sanitary napkins finally exempted from GST

After many protests, the GST Council has decided to exempt sanitary napkins from the tax, confirmed Delhi Finance Minister Manish Sisodia.

GST anniversary: "Gamechanger" or "surgical strike"? Top leaders speak up

01 Jul 2018

GST anniversary: "Gamechanger" or "surgical strike"? Top leaders speak up

One year ago on this day, the country's tax regime underwent a drastic overhaul with the launch of the never-seen-before-in-India Goods and Services Tax (GST).

Bringing petrol, diesel under GST will lower prices: CM Fadnavis

24 May 2018

Bringing petrol, diesel under GST will lower prices: CM Fadnavis

Fuel prices will come down once the Center builds a consensus to bring petrol and diesel under the Goods and Services Tax (GST), Maharashtra Chief Minister Devendra Fadnavis said.

GST-returns to be filed monthly, GSTN to go to government

05 May 2018

GST-returns to be filed monthly, GSTN to go to government

The GST Council took some major decisions in its 27th meeting yesterday. The most important is the introduction of monthly returns filing for most taxpayers, a move that will greatly simplify the current three-step process.

RBI circular barring banking service for cryptocurrencies challenged in HC

22 Apr 2018

RBI circular barring banking service for cryptocurrencies challenged in HC

The Delhi HC has sought the response of the Centre, the RBI, and the GST Council on a plea challenging a circular which prohibits banks and financial institutions from "providing any service in relation to virtual currencies such as cryptocurrencies."

5% GST levied on food, drinks supplied in trains, platforms

06 Apr 2018

5% GST levied on food, drinks supplied in trains, platforms

Clearing all doubts about GST on Railway services, the Finance Ministry confirmed a 5% GST would be levied on food and drinks supplied on trains and platforms.

Including fuel-prices under GST will bring in rational tax-mechanism: Pradhan

06 Apr 2018

Including fuel-prices under GST will bring in rational tax-mechanism: Pradhan

Amid an uproar over higher fuel rates, Union Petroleum Minister Dharmendra Pradhan on Thursday said the inclusion of petroleum products under the ambit of the GST will bring the products under a rational tax mechanism.

Traders demand phase-wise rollout of e-way bill next month

25 Mar 2018

Traders demand phase-wise rollout of e-way bill next month

The interstate e-way bill is going to be introduced from April 1 across India.

GST among most complicated tax-regimes, but has benefits: World Bank

15 Mar 2018

GST among most complicated tax-regimes, but has benefits: World Bank

India's new GST regime has the second highest tax rate among 115 countries with similar indirect tax systems, a World Bank report noted.

GST: Inter-state e-way Bill to rollout starting April 1

10 Mar 2018

GST: Inter-state e-way Bill to rollout starting April 1

The Goods and Services Tax (GST) Council announced on Saturday that the inter-state e-way Bill will be rolled-out in a phased manner starting April 1, 2018.

After delays, e-way bills likely to go live from April

25 Feb 2018

After delays, e-way bills likely to go live from April

Two months after initial plans, the e-way bill system for inter-state movement of goods will likely become mandatory from April 1, reports said.

E-way bill system goes live today: All you should know

01 Feb 2018

E-way bill system goes live today: All you should know

The e-way bill regime, devised as a tool to check tax evasion under GST, is rolling out nationwide today.

After decline, GST collections rise to Rs. 86,703cr in December

26 Jan 2018

After decline, GST collections rise to Rs. 86,703cr in December

After falling for two straight months, revenue collections under GST have risen marginally for December. The total collection in December was Rs. 86,703cr.

Fuel prices continue moving higher, govt mulls GST option

23 Jan 2018

Fuel prices continue moving higher, govt mulls GST option

Petrol prices in Mumbai crossed the Rs. 80 mark yesterday for the first time since August'14.

GST Council Meet: Rates on 29 goods, 53 services revised

18 Jan 2018

GST Council Meet: Rates on 29 goods, 53 services revised

At the 25th GST Council Meeting, convened in New Delhi, the highest decision-making authority on Goods and Services Tax (GST) has revised the tax rates on as many as 29 items and 53 services.

Jaitley: Government ready to include petrol, diesel under GST

19 Dec 2017

Jaitley: Government ready to include petrol, diesel under GST

FM Arun Jaitley announced that the government is prepared to bring petroleum products like petrol, diesel and LPG under the ambit of the goods and services tax (GST). They are now waiting for states' consensus to go ahead.

GST Council: E-Way Bill system to be implemented from January

16 Dec 2017

GST Council: E-Way Bill system to be implemented from January

To facilitate seamless movement of goods across states, Finance Minister Arun Jaitley-led GST Council has decided to go for an early rollout of the nationwide "electronic-way bill system" under the GST regime.

Government sets up panel to further tweak GST

02 Dec 2017

Government sets up panel to further tweak GST

Despite GST-cut, why are detergents like Surf, Vim still costly?

29 Nov 2017

Despite GST-cut, why are detergents like Surf, Vim still costly?

Earlier in November, the GST Council cut tax rates of more than 200 items in an attempt to make common-use items more affordable for the people.

IAS Sharma appointed as Chairman of National Anti-Profiteering Authority

28 Nov 2017

IAS Sharma appointed as Chairman of National Anti-Profiteering Authority

After the cabinet gave approval to create the posts of chairman and other technical members of the National Anti-profiteering Authority (NAA) under GST, government began the process.

CEA Arvind Subramanian: Fewer GST slabs in the future

25 Nov 2017

CEA Arvind Subramanian: Fewer GST slabs in the future

India's chief economic advisor Arvind Subramanian said Goods and Services tax (GST) may probably have fewer rates in the future after "collapsing" the 12% and 18% tax slabs into one.

Restaurants charging more post-GST? You can do these 3 things

24 Nov 2017

Restaurants charging more post-GST? You can do these 3 things

The GST Council, in its 23rd meeting in Guwahati, reduced the Goods and Services Tax rate for restaurants to 5% from 18%, which was expected to make eating out cheaper.