GST Council decides to levy 18 pc GST on corporate guarantee for subsidiaries, cut tax on molasses to 5 pc
7 Oct 2023 1:41 PM GMTNew Delhi: The GST Council on Saturday clarified that guarantees provided by corporates to their subsidiaries will attract an 18 per cent GST, while...
Will seek withdrawal of tax notices to online gaming companies claims Atishi
7 Oct 2023 5:15 AM GMTDelhi Finance Minister Atishi on Saturday said tax evasion notices worth Rs 1.5-lakh crore to online gaming companies will finish them and vowed to...
Goods and Services Tax Council decides to impose 28 pc tax on turnover of online gaming firms
11 July 2023 2:45 PM GMTNew Delhi: The all-powerful Goods and Services Tax (GST) Council on Tuesday decided to impose a 28 per cent tax on the turnover of online gaming...
New GST rules on anvil; business may have to explain discrepancy in Input Tax Credit claims
9 July 2023 5:59 AM GMTNew Delhi: The GST Council is likely to decide on a new rule in GST law under which businesses would be required to explain the reasons for excess...
Govt caps maximum Goods and Services Tax cess rate on pan masala, tobacco; links rate to retail sale price
26 March 2023 6:30 AM GMTNew Delhi: The government has capped the maximum rate of GST compensation cess that would be levied on pan masala, cigarettes and other forms of...
GST Council cuts tax on liquid jaggery; rationalises late fee on delayed annual returns
18 Feb 2023 1:41 PM GMTNew Delhi: GST Council, the apex decision-making authority, on Saturday reduced the tax rate on several items, including 'rab' (liquid jagger)...
GST Council Agrees To Decriminalise Certain Offences, Doubles Limit For Launching Prosecution To Rs 2 Cr
17 Dec 2022 1:24 PM GMTNew Delhi: The GST Council on Saturday agreed to decriminalise certain offences and doubled the threshold for launching prosecution to Rs 2 crore,...
