Arun Jaitley briefs media on GST Council 7th meeting ( 22nd December 2016 to 23 December 2016 ) Outcome of GST Council 7th meeting 197 Section and 5 schedules approved Draft GST Law Approved by GST Council Legally vetted copy of GST draft to be circulated to the states CGST Law to be approved by Center… Read More »
India -GST Council 7th Meeting ( from 22.12.2016 to 23.12.2016) – – Day One Update The Goods and Services Tax (GST) Council will on Friday i.e on 23.12.2016 , the second day of its ongoing seventh meet, discuss the vexed issue of cross empowerment or dual control of assessee jurisdiction under the pan-India indirect tax… Read More »
GST Council 5th meeting 02.12.2016 to 03.12.2016
Draft Model GST Law, Draft IGST Law and Draft Compensation Law placed in the public domain for information of trade, industry and other stake holders. [ Related Post :- Download:- Draft Model GST Law, Draft IGST Law and Draft Compensation Law ] The Draft Model GST Law, Draft IGST Law and Draft Compensation Law which would… Read More »
GST Rates approved by GST Council (India) The GST Council announced the GST Rates on 03.11.2016 and here is a snapshot of the announcements made today: Essential items including food : Zero Rates Common use items : 5% Other Items : Standard Rate of 12% and 18% luxury goods : 28% Luxury cars, tobacco and… Read More »
Two Important Issues before the GST Council The GST Council comprising of the Finance Ministers’ of the Union and the State Governments has had three detailed meetings spread over several days. Two more meetings are proposed post Deepawali. The meetings have witnessed an intense debate on several issues, which has been an excellent example of… Read More »
MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 15th September, 2016 S.O. 2957(E).—The following Order made by the President is published for general information:— ORDER In exercise of the powers conferred by article 279A of the Constitution, the President hereby constitutes the Goods and Services Tax Council consisting of the following members, namely:-… Read More »
Cabinet approves creation of GST Council and its Secretariat The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has approved setting up of GST Council and setting up its Secretariat as per the following details: (a) Creation of the GST Council as per Article 279A of the amended Constitution; (b) Creation of… Read More »