GST Council is an apex member committee to modify, reconcile or to procure any law or regulation based on the context of goods and services tax in India. The council is headed by the union finance minister Nirmala Sitharaman assisted with the finance minister of all the states of India. The...
Land, GST Bills to Be Referred to Panels: Committee Is Likely to Be Headed by Senior BJP MP SS AhluwaliaShah, Amita
Goods & Services Tax Council headed by Finance Minister Nirmala Sitharaman and comprising of representatives of all states and Union Territories also approved an electronic invoicing system and e-ticketing in multiplexes. The electronic invoicing system would be rolled out in a phase-wise manner for ...
This compelled the GST Council headed by Finance Minister Arun Jaitley in October 2017, to defer RCM mechanism. The Committee has recommended further postponement for RCM. Only businesses under composition Scheme would come under RCM. The Committee’s proposal also aims to simplify the procedures ...
The council has imposed a special “rehabilitation cess” on some specific items in order to source the funds intended to extend relief to the flood-ravaged Kerala citizens. #1. Why is the rehabilitation cess introduced by the GST Council? As everyone knows that the State of...
01 Jan 1970Posted By: E-StartupIndia GST Tax Rates Reduced on Restaurants. The eating is now going to be likely cheaper than before. Goods and Services Tax council has been continuously updating reforms in the establishment Indirect Tax regime. A meeting was held in Guwahati in November and ...
Services Tax (GST). For the purpose, a new Fourth List is proposed to be created in the Seventh Schedule of the Constitution. Designed to deal exclusively with GST, the Fourth List visualises a governing council headed by Union finance minister and comprising state finance ministers as its ...
Prelims level: GST Council Mains level: Powers and Functions of GST Council Why in the news? The 53rd meeting of the Goods and Services Tax (GST) Council convened in Delhi, chaired by Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, on Saturday, June 22nd. What is the...
The court pointed out that there are no provisions in the GST Act that deal with situations where there is repugnancy between the laws drawn up by the Centre and states, and it is for the GST Council to advise them suitably whenever such occasions arise. "The Union and state legi...
The council of the GST will be headed by the Union Finance Minister that is currently Arun Jaitley. The main purpose of GST is to bring about the single tax system for the manufacture and the sale of goods at the both central and the state level in the country. The GST is mainly ...