The GST Council on Wednesday fixed a uniform tax rate of 28% both state and private lottery.Revenue Secretary Ajay Bhushan Pandey said the new rate for lottery will come into effect from March 2020.
A review of the tax rates and slabs under GST is expected to be announced in the meeting scheduled for this afternoon. The last GST Council meeting was held on September 20 in Goa.
Track this space for all live updates on the media briefing by Finance Minister Nirmala Sitharaman following the 37th GST Council meeting on September 20. English Hindi.
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The 31st Goods and Service Tax (GST) council meeting began on Saturday in the national capital. The agenda for the meeting has not been made official yet. However. topics such as simplified.
The GST Council chaired by FM Nirmala Sitharaman asked Nandan Nilekani to attend the following three GST Council meetings and share updates of the steps taken as decided by the council. FE Online.
The GST council in its 32nd meeting has recommended several changes under GST law in ease of doing business for MSMEs and SMEs. Considering the demand of small industries to raise threshold limit for registration under GST, the GST Council has decided to raise the threshold limit from 20 lakhs to 40 lakhs for GST registration for suppliers of goods.. Further, the limit has been raised from 10.
Goods and Services Tax News: Get latest GST news, GST announcement news, GST council meeting news, GST return news, GST bill updates, GST statutes, GST tariff and Goods and Services Tax Act news at Business Standard.
The press conference is scheduled to be held ahead of the 37th meeting of the GST Council, headed by Union Finance Minister Nirmala Sitharaman and comprising representatives of all states and.
The genesis of the introduction of GST in the country was laid down in the historic Budget Speech of 28th February 2006, wherein the then Finance Minister laid down 1st April, 2010 as the date for the introduction of GST in the country. Thereafter, there has been a constant endeavor for the introduction of the GST in the country whose culmination has been the introduction of the Constitution.
GST Council to meet on Wednesday amidst talk of rate hike to meet revenue shortfall. Many economists, including former RBI Governor Raghuram Rajan, have expressed fear of India getting into a.
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Sitharaman's announcements and the GST council's meeting comes at a time when India's annual economic growth fell to a 25-quarter low of 5% in April-June period. Here are live updates on the latest GST decisions and reactions of the latest round of stimulus.
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Here is the full list of GST council meeting dates wise for the year 2019. You can see the GST council meeting upcoming dates and the next meeting breaking news. Further, read outcomes of GST council meeting today, highlights of GST council meeting and rate changes. The first GST Council meeting held on 22nd and 23rd September 2016.GST Council to consider implementation of lower GST rates for realty sector. In the previous meeting (February 24), the high-powered GST Council slashed tax rates for under-construction flats to 5 per cent and affordable homes to 1 per cent, effective April 1.GST Latest News - latest GST news, updates, Gst Latest, GST Information, Gst Latest News In Hindi. Stay updated with current notifications.