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Gst Council News

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GST on NBFC: Preparations to impose 18% tax on co-lending services, council to take final decision

The GST Fitment Committee has proposed an 18% tax rate on services provided by banks to NBFCs. The value of these services will be determined by the Reserve Bank. A final decision is pending at the Council meeting....
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GST Collections Rise 4.6 per cent to Over Rs 1.95 Lakh Crore in October

Collections under CGST, SGST, and IGST increased, while cess slightly declined. The GST Council also introduced key rate reforms to simplify the tax structure and support economic growth....
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New GST Rates: Hindustan Unilever Cuts Prices – Shampoo Rs 55, Horlicks Rs 20, Soap Rs 8

To provide relief to consumers, Hindustan Unilever Limited (HUL) has announced a reduction in the prices of many of its popular products. This includes everyday use products like Horlicks, Dove Shampoo, Lux Soap, Kisan Jam and Lifebuoy Soap. ...
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GST Reform Brings Major Tax Relief As Sitharaman Unveils New Plan With Reduced Slabs

Finance Minister Nirmala Sitharaman has introduced significant GST reforms, cutting tax slabs from four to just two. The revised rates of 5% and 18% will apply from September 22, excluding luxury items, cigarettes, tobacco, and harmful goods, which will continue to attract a spec...
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GST Rates: From Bread, Milk to AC; Know What Became Cheaper and Costlier. 10 POINTS

GST Rates: Tractors and their tyres will attract five percent tax. A new slab of 40 percent has been created for luxury cars of 1500 cc or longer than four meters, harmful items like tobacco and cigarettes and high luxury items....
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Modi government gave a bumper gift to the countrymen, GST on these essential items was reduced to 0%

In the 56th meeting of the GST Council, it has been decided to make the tax rate on many essential items 0%. Now there will be no GST on milk, cheese,...
GST Council Meeting 2025: Big Relief for Common Man, These Items to Get Cheaper!

GST Council Meeting 2025: Big Relief for Common Man, These Items to Get Cheaper!

Under the chairmanship of Finance Minister Nirmala Sitharaman GST Council Meeting commenced in New Delhi today. If media reports are to be believed, i...
GST Council Meeting 2025: FM Nirmala Sitharaman Chairs Meeting in New Delhi. Here's What to Expect

GST Council Meeting 2025: FM Nirmala Sitharaman Chairs Meeting in New Delhi. Here's What to Expect

Finance Minister Nirmala Sitharaman chairs GST Council Meeting in New Delhi today. Here is every detail about the GST Council meeting, schedule, venue...
GST Reforms: MoF proposes 2-slab rate structure, reduction of taxes after PM Modi's I-Day speech

Finance Ministry Suggests Two-Slab GST Structure and Tax Cuts Following PM Modi’s I-Day Address

The plan includes special rates for certain goods, lower taxes on essentials and aspirational products, and aims to simplify the tax structure. The GS...
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Blow for online gaming firms, slapped with Rs 1 lakh crore notice

It is to be noted here that a 28% GST rate should have been in place starting from October 1, according to the law....

Finance Minister Nirmala Sitharaman to chair the 52nd GST Council Meeting today

Union Finance Minister Nirmala Sitharaman with preside over the 52nd Goods and Services Tax (GST) Council meeting at the Sushma Swaraj Bhawan in Ne...

28% GST on online gaming to remain, but…

Even though three states- Delhi, Goa, and Sikkim voiced against the move, the GST Council agreed on Wednesday that 28% GST will be imposed at face ...

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