Category: GST Council Meeting

GST Software
January 16th, 2019 in GST Council Meeting

Key Highlights of the 32nd GST Council Meeting

The 32nd GST Council Meeting was held today on 10th January, 2019 in New Delhi. This meeting was chaired by the Finance Minister of India, Arun Jaitley. Many decisions favorable to businesses were taken in the meeting. However, the key highlight of the meeting was increment in the tax exemption limit for businesses. The tax…

December 26th, 2018 in GST Council Meeting

Key Changes Made in the 31st GST Council Meeting

The 31st GST Council Meeting was held in New Delhi on 22nd December, 2018. This meeting was chaired by Arun Jaitley, the Finance Minister of India. The changes made in the meeting will be implemented from 1st January, 2019. The main recommendations made in the 31st GST Council Meeting were regarding: 1.  Due dates 2.  Format changes…

Updated on December 26th, 2018 in GST Council Meeting

27th GST Council Meeting – Latest GST Updates

Goods and Service tax council (“GST Council”) in its 27th GST Council Meeting held on 4th May 2018 finally approved the filing of new return based on the recommendations of the Group of Ministers on IT. The new recommendations are likely to simply compliance under GST. The key feature of new return is as under: 1. Periodicity:…

GST Council Meeting
Updated on February 16th, 2019 in GST Council Meeting

26th GST Council Meeting – Latest GST Updates

GST Council had its 26th GST Council (Goods & Services Tax) meeting held today under the chairmanship of the Union Minister of Finance and Corporate Affairs, Mr. Arun Jaitley on 10th March 2018 held in New Delhi. In today’s meeting, the GST Council has decided to extend the existing system of GST return filing with 3 more months, precisely…

Updated on February 16th, 2019 in GST Council Meeting

24th GST Council Meeting – Latest Updates

GST Council had its 24th GST Council meeting held today through video-conference under the chairmanship of the Union Minister of Finance and Corporate Affairs, Mr. Arun Jaitley on 16th Decemeber 2017. Under Goods and Services Tax (GST) rules, ferrying goods worth more than Rs 50,000 within or outside a state will require securing an electronic-way or e-way bill…

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Updated on December 26th, 2018 in GST Council Meeting

Impact Analysis – Changes based on 23rd GST Council Announcements

To give you a ready reckoner, here’s an exclusively crafted, Impact Analysis based on recent announcements made at 23rd GST Council Meeting. Index Changes in Composition Scheme Changes in GSTR compliance 3. Others GSTR filing dates Impact on small businesses Impact on Service Providers Impact on Exporters Impact on Composition Scheme Impact on RCM Impact on advance receipts For businesses…

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Updated on February 16th, 2019 in GST Council Meeting

23rd GST Council Meeting – Summary of Decisions and Changes

As the day concluded, the direction of the Indian economy was re-defined and re-tuned with the biggest tax reshuffling since GST’s inception and a bunch of minor and major tweaks were done across the key  elements of the GST regulations, in the 23rd GST Council meeting which ended in Guwahati on November 10th, 2017. All…

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