Published 2 years ago

GST council clears proposal to remove tax exemptions on some items

Summary by Ground News

The 47th GST Council meeting currently underway is scheduled to discuss a host of issues, including a mechanism to compensate states for lost revenue. The highest tax of 28 percent will be levied on online games, casinos and horse racing. The Council is also likely to relax mandatory registration standards for small businesses using e-commerce platforms.

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Times of India

GST exemptions on some items set to be removed

These items are currently exempt from GST. The council also accepted the recommendations of another ministerial panel on stricter scrutiny and verification of high-risk taxpayers. These decisions were taken on the first day of the two-day GST Council meeting being held in Chandigarh.

2 years ago·India

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Indian Express

GST council clears proposal to remove tax exemptions on some items

The Council, chaired by Finance Minister Nirmala Sitharaman and comprising state counterparts, also cleared a host of compliance procedures for GST-registered businesses

2 years ago·India

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Live Mint

GST Council clears proposal to remove tax exemptions on some items: Live Updates

GST Council Meeting: The discussion on the crucial issues of extension of compensation to states beyond June 2022 and the imposition of 28 per cent GST on casinos, online gaming and horse racing, will take place tomorrow

2 years ago·New Delhi, India

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DNA India

GST council to abolish tax exemption on some items, here's what will change

The GST Council on Tuesday approved changes in the tax rates on certain goods and services. Here are the list products that will now attract GST.

2 years ago·New Delhi, India

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India TV News

GST Council meet: States' compensation, easier e-comm suppliers' registration, tax tweaks on cards

GST Council meet: The council may see a stormy discussion around compensation payout to states with opposition-ruled states aggressively pushing for its continuation beyond the five-year period which ends in June.

2 years ago·India

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Financial Express

GST council clears proposal to remove tax exemptions on some items

Opposition-ruled states have been pressing for either extension of the GST compensation regime or increasing states' share in revenue from the current 50 per cent.

2 years ago

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