GST meeting: At the GST meeting, central and state tax officials are expected to present a detailed “status report” regarding taxation related to online gaming and similar activities. This report will specifically outline the collection of GST revenue from the online gaming industry both pre and post October 1, 2023. As of October 1, … Read more
Ahead of the GST Council meeting next week, the states could not come to a consensus on health insurance premium from Goods and Services Tax (GST). According to a report in Moneycontrol, the Fitment Committee, comprising revenue officials from both the state and Centre, has been trying to reach a consensus on the contentious issue … Read more
TMC leader Derek O’Brien has urged Finance Minister Nirmala Sitharaman to “urgently review” and withdraw the 18 percent GST on health and life insurance premiums during the upcoming GST Council meeting. “The 18 per cent Goods and Services Tax (GST) on health and life insurance premiums is a burden on 45 crore Indians comprising … Read more
GST Council meeting: The Goods and Services Tax (GST) Council may refer the issue of GST rates on cigarettes, bidis to the Rate Rationalisation Committee to notify maximum tax rate of 20% under CGST and 20% under SGST from the current 28%, sources told Business Today on Tuesday. Last week, the Centre declared the … Read more
The reduction in the price of COVID drugs and other related devices comes as a relief to the common man who went hit hard financially due to the pandemic (Photo: IE) The GST Council has reduced GST rates on goods being used in COVID related management until September 30. The decision came by the council … Read more
Mumbai: The Delhi High Court on Thursday asked the government to place the issue of levying Integrated Goods and Services Tax (IGST) on oxygen concentrators before the GST council meeting to take place on Friday. The Delhi High Court was hearing a matter where a company had dragged the government to court over IGST oxygen … Read more
The 42nd goods and services tax (GST) Council meeting headed by finance minister Nirmala Sitharaman began today via video conferencing, and is likely to be a turbulent one with states pushing against Centre’s proposals on borrowing to meet GST compensation shortfall. The rift between BJP ruled and opposition led states may widen with the former … Read more