GST Council Current Affairs - 2019

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Businessline Changemaker Awards 2019

The winners of the Businessline Changemaker Award for 2019 are listed below: Changemaker Of The Year: Petitioners against Section 377. Changemaker Of The Year: GST Council. Iconic Changemaker: Bezwada Wilson (Safai Karmachari Andoloan). Social Transformation: The Kalinga Institute of Social Sciences. Digital Transformation: eNAM (Electronic National Agriculture Market). Young Changemaker: Anju Verma (promoting the education Read More…

Month:  Categories: Awards & Honours

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GST council reduces Tax rates on Housing

The GST council has decided to slash the tax rate on under-construction residential properties and the affordable housing projects category. Decision of GST council The GST council has reduced the GST rate for under construction from the present 12 per cent to 5 per cent. The GST rate for affordable housing category is now 1 Read More…

Month:  Categories: Business, Economy & Banking

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Goods and Services Tax Appellate Tribunal

The Union Cabinet headed by Prime Minister Narendra Modi has approved the setting up of National Bench of Goods and Services Tax Appellate Tribunal. Features of the National Bench of Goods and Services Tax Appellate Tribunal The features of the Goods and Services Tax Appellate Tribunal (GSTAT) are: The National Bench of the Goods and Services Read More…

Month:  Categories: Constitution & Law

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GoM to address GST issues related of the Real Estate Sector

The Union government has set up a seven-member Group of Ministers (GoM) to examine and suggest ways to resolve the issues plaguing the real estate sector after the implementation of the Goods and Services Tax (GST). Terms of Reference The Terms of reference of the panel are: Suggest a plan of action to address the Read More…

Month:  Categories: Governance & Politics

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GoM on GST revenue shortfall faced by states

The GST Council has decided to set up a seven-member committee to look into revenue shortfall being faced by the states after the GST roll-out, and suggest steps for augmenting collections. The committee would be headed by Deputy Chief Minister and Finance Minister of Bihar Sushil Modi. Other members of the committee include Punjab Finance Read More…

Month:  Categories: Business, Economy & Banking

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Important decisions of the GST council meet

The GST Council meeting on January 10 has taken the following important decisions: The exemption limit for Goods and Services Tax (GST) registration has been increased to Rs 40 lakh from the current Rs 20 lakh to ease the cost of compliance for small taxpayers or micro, small and medium enterprises (MSMEs). This exemption limit Read More…

Month:  Categories: Business, Economy & Banking

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GST Council slashes rates on 23 Goods and Services

The tax rates on 23 goods and services has been reduced by the GST Council on 22nd December 2018. These goods include movie tickets, TV and monitor screens, power banks and others. After this reduction, only 28 goods are left in the highest tax bracket of 28 percent and includes cement, sin goods (tobacco, alcohol), auto Read More…

Month:  Categories: Business, Economy & Banking

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