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GST Council approves the Central Goods and Services Tax (CGST) Bill and Integrated Goods and Services Tax (IGST) Bill

Taxscan Team

The Government is all set to kick start GST from July 1, 2017. The GST Council, in a meeting held on today approved the draft of key supporting...

GST Council proposes 20% peak Tax in Model GST Bill

GST Council gives green signal to Compensation Bill

No Hike of Service Tax if GST roll out is delayed, says Santosh Kumar Gangwar

GST Council has finalised its recommendations on almost all the issues based on Consensus, says FM...

Six Significant decisions taken in the last six Meetings of the GST Council

GST Council Members are participating in the meetings with a very positive attitude and are working towards the roll-out of GST as per the deadline, says Finance Ministry. As compared to the time...

Finance Ministry releases revised Draft of GST Law

The Draft Model GST Law, Draft IGST Law and Draft Compensation Law which would be considered by the GST Council for approval are placed in the public domain for information of trade, industry and...

GST Council Meeting rescheduled on 2nd-3rd December, 2016

Three draft GST related Laws – Model Goods & Service Tax; Integrated Goods and Service Tax (IGST) and Goods & Service Tax (Compensation to the States for loss of Revenue) were discussed at...

Govt organizes a Seminar to familiarize the Senior Officers of different Depts with important features of the GST

The Cabinet Secretary Shri Pradeep Kumar Sinha will be chairing an interactive seminar on Goods and Services Tax (GST) today. The seminar is being organized for senior officers of the different...

GST Council introduces 4-Tier Tax Structure- Minimum rate 5%; Maximum 28%

Today’s GST Council meeting finalised the 4-tier Tax Structure in the GST regime, in which four different tax rates are fixed for goods. The new tax rates of 5, 12, 18 and 28 per cent are finalized...

GST Constitution Amendment Act empowers the Central & State Govts to levy Taxes only till 16th Sept, 2017, says FM Arun Jaitley

Government is working on a target date of 1st April, 2017 for the roll out of the Goods and Service Tax (GST) in the country. The Union Finance Minister Shri Arun Jaitley said that the Government...

CBEC publishes GST Draft Rules, invites Comments by Wednesday [Read the Full Text]

The Central Board of Excise and Customs (CBEC) has published three GST draft rules and formats relating to registration, invoice and payments. The Board invites comments on draft rules from the...

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