Tag archives for gst council meeting
New return design for GST return approved
GST council has approved the new return design for GST based on the recommendations of the group of ministers on IT simplification. As per the new return design, returns shall…
25th GST council meeting
25th GST council meeting was chaired today by Union Finance Minister Shri Arun Jaitley in New Delhi wherein policy changes were recommended by GST council. The following policy changes were recommended…
25th GST Council Meeting Recommendations
25 GST Council Meeting was chaired by Union Finance Minister Shri Arun Jaitley today in New Delhi. Many recommendations were made by the council today. These recommendations shall come into effect…
Amended Late fee amount gets active on GST portal
Recently the GST late fee amount was amended by GST council, but taxpayers were facing the issue of the same old late fee structure, as the required technical amendments were…
Amendments in GST rates made by GST council
In the recent 23 GST council meeting, changes were made in rates of various goods bringing down the burden on numberous goods from 28% to 18%. Notification in this regard…
Recommendations made by the GST Council in the 23rd meeting at Guwahati on 10th November, 2017
Press release has been made regarding the recommendations made by the GST Council in the 23rd meeting at Guwahati on 10th November, 2017. Read the press release below. TaxGrid…
Penalty amount reduced and Form GSTR 3B to filed till March 2018 and other compliance related decisions
GSTR3B has to be now filed till March 2018. Previously it was notified that Form GSTR3B has to be filed till December, 2017, but now the time period for furnishing…
Threshold for Composition Scheme hiked to Rs 2 Crore and tax rate uniformed to 1 percent
GST Council decides to raise composition scheme threshold to Rs 2 crore. Currently, the threshold has been hiked to Rs Crore with the highest possible threshold amount being capped at…
Now only 50 items chargeable in 28% GST Rate slab
There were 227 items in the 28% slab. The fitment committee had recommended that it should be pruned to 62 items. But the GST Council has further pruned to more…
23rd GST Council Meeting Being held in Guwahati Today
1 2 3 4 5 23rd GST Council Meeting being held in Guwahati, Assam today. Follow the TaxGrid News Section for the latest updates and analysis.