The Goods and Services Tax (GST) Council Meeting makes decisions related to changes or new introductions made under GST. This article discusses the following topics: About GST Council Meeting Features of GST Council GST Council Structure GST Council Recommendations 1. About GST Council The GST Council is a body or committee which makes…
The 34th GST Council Meeting was held on March 19th, 2019 in New Delhi. Arun Jaitley, the Finance Minister of India, chaired the council meeting so as to examine and pass previously announced notifications. It was ensured that new schemes or rate cuts are not announced in the meeting. The main topic of discussion for…
The 33rd GST Council Meeting was held through video conferencing on 20th February 2019, headed by the Union Finance minister, Mr. Arun Jaitley. In this meeting, various decisions were made to improve the ease of doing business in India. Let us look at the key highlights of this meeting: GSTR-3B Due Date Extended The Government…
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…
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…
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…
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…
Goods and Services Tax, which actually is primarily aimed to boon the businesses, economy and government, is experiencing bumpy rides, due to the ineffectiveness of the Goods and Service Tax Network. The resultant is a mentally and technically stressed trader’s community with fuming intentions. The national body of the traders, CAIT [Confederation of All India…