Tag: GST Council

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Punishment for GST evasion rationalised to ‘imprisonment or a fine or both’

New Delhi, Oct 9: The GST Council, comprising Centre and state Finance Ministers, has rationalised the maximum term of imprisonment for GST offences to...

GST Council scraps arrest powers of GST officers, ups prosecution threshold to Rs 5 cr

New Delhi, Oct 8: The GST Council on Thursday approved scrapping the arrest powers of GST officers and raised the threshold to launch prosecution...

GST Council cuts tax on dairy products, farm equipment, fertiliser and biopesticides

New Delhi, Sept 4: In a relief to farmers and consumers ahead of the festive season, the Goods and Services Tax Council has reduced...

GST reforms to provide relief to families, ease compliance for businesses: India Inc

New Delhi, Sept 4: India Inc on Thursday hailed the GST Council's "forward-looking decisions" moving to two rates of 5 per cent and 18...

GST Council approves overhaul of GST, slashes tax on common use items

New Delhi, Sep 4: GST tax rates on common use items ranging from hair oil to corn flakes, TVs, and personal health and life...

GST Bonanza: Tax rates slashed from roti/paratha to TVs as GST Council approves overhaul of rates

New Delhi, Sept 3: Common use items from roti/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal...

GST Council forms GoM to review tax rate on health, life insurance; report by Oct 30

New Delhi, Sept 15: The GST Council on Sunday constituted a 13-member Group of Ministers (GoM) to suggest GST rate on premiums of various...

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