2023

In a series of Goods and Services Tax (GST) Council meetings, the 8th GST Council meet was conducted on 3-4 January 2017. With the government considering an early Budget session which is likely to be held in the first week of February 2017, time is running out to build a consensus among all the states and […]

In a series of Goods and Services Tax (GST) Council meetings, the 7th GST Council meet was conducted on 22-23 December 2016 under the Chairpersonship of the Hon’ble Union Finance Minister, Shri Arun Jaitley. Wherein some of the important decisions have been taken. In the series of events for GST implementation and amidst recent demonetisation of high-value

The 6th  meeting of the GST Council was held on 11 December 2016 in Pravasi Bharatiya Kendra, New Delhi under the Chairpersonship of the Hon’ble Union Finance Minister, Shri Arun Jaitley. The meeting was held with an objective of discussing  the carry forwarded agenda of the 5th GST Council Meeting namely  namely the draft Model CGST/SGST

The fifth meeting of the GST Council was held on 2-3 December 2016 under the Chairpersonship of the Hon’ble Union Finance Minister, Shri Arun Jaitley. With the main  agenda of Approving the Draft GST Law, Provision for Cross-Empowerment to ensure Single Interface under GST which was pending since 4th GST Council Meeting. The Council approved

The 4th GST Council meeting ended without reaching any resolution on the dual control over assesses. This issue has been pending since the second GST council meeting. Council has explored two options: Right now there is tug of war between centre and state as to who will get how much control over the assessees of VAT,

The third GST council meeting was considered a crucial one because the government has set a deadline of 1 April 2017 for GST roll out and it is just five months away. The three day meeting concluded yesterday evening i.e. 20th October, 2016. The agenda mainly discussed during the meeting was tax rate, compensation formula and

The second GST council meeting held on 30th September 2016 took several significant decisions related to registration & rules. The main purpose of this meeting was to approve the draft rules released for GST in relation to Registration, Return, Refund, Payment, Invoices and Debit & Credit notes. The decisions / discussions done in today’s meeting are: