- Tag results for GST council meet
Finance Minister Arun Jaitley-chaired GST Council will meet on May 4 to discuss a simpler return form and the amendments required in the indirect tax regime rules.
Inter-state e-Way Bill to be rolled out from April 1; Time for GST return filing extended by 3 months
The Council could not decide on a simplified GST return form and entrusted the ministerial panel under Sushil Modi to chalk out a single page form which is simpler and evasion proof.
The GoM under Sushil Modi will look at finalising the simplified return filing system on February 24, which will be then taken up by the GST Council on March 10.
As many as 178 items of daily use were shifted from the top tax bracket of 28 per cent to 18 per cent, while a uniform 5 per cent tax was prescribed for all restaurants, both AC and non-AC.
Friday's meeting is likely to witness the largest shake-up in GST rates since its rollout on July 1.
Om Prakash Dhurve remarked this at a discussion on noteban and GST on Wednesday, ahead of the crucial meeting of the GST Council scheduled to be held on Friday.
Hectic parleys are underway to announce major concessions for small traders who could swing the fortunes of the ruling party in the Gujarat assembly elections.
The GST Council yesterday raised the composition scheme threshold for businesses to Rs 1 crore, which will allow them to pay a tax of one per cent to five per cent.
The opposition party asserted that the Central Government always rejected Congress' appeal to revise the tax reforms.
Union finance minister Arun Jaitley after chairing the 22nd GST council meet of Friday announced a slew of reforms including change in GST rates of several items.
The minister addressing a press conference after the 22nd GST council meet announced a slew of reforms.
Finance Minister Arun Jaitley is currently chairing the 22nd meeting of the council for the Goods and Services Tax.
Shah cuts short Kerala visit, flies to Delhi for urgent meet with Modi and Jaitley ahead of Gujarat, Himachal polls.
Lowering GST rates for SUVs, framing rules for anti-profiteering authority, fixing errors in taxation system on agenda.
Congress leaders said the distorted duty structure of GST will hit millions of small power looms.