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Searched Tag: gst council meet
The second layer in the three-tier appeal structure of the GST Act, it requires the bench to comprise one judicial member and two technical members from the tax departments, with appointments controlled by the government

Appellate Tribunal from Oct to ease GST litigation burden

September 25, 2025, 04:20 PM - 3 min read

The GST Appellate Tribunal (GSTAT) had remained non-operational for eight years due to legal challenges over appointments and centre-state differences

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The GST Council had announced a restructuring of the four-tier indirect tax system on September 3, announcing instead a simpler two-tier tax system that comprises the 5 per cent and the 18 per cent tax slabs

Red brick makers seek removal from Special Composition Scheme

September 25, 2025, 01:14 PM - 3 min read

The GST Council did not recommend any change to the Special Composition Scheme rates for bricks, except for 'sand lime bricks', on which the rate has been reduced to 5 per cent from 12 per cent

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In electronics, leading appliance makers have reduced prices of room air conditioners by up to ₹4,500, and of dishwashers, by up to ₹8,000

Rate cuts on milk, ghee, room ACs, dishwashers coming in

September 21, 2025, 12:33 PM - 5 min read

With the GST Council’s rate rationalisation to be implemented from September 22, many companies have already begun announcing their slashed-down prices of products – from eatables to electronics

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The National Consumer Helpline (www.consumerhelpline.gov.in) has emerged as a single point of access for consumers across the country to register grievances at the pre-litigation stage

Govt creates new category on portal for GST complaints

September 20, 2025, 07:09 PM - 3 min read

Ahead of the GST rate rationalisation implementation on September 22, the Centre has created a dedicated category on the National Consumer Helpline’s INGRAM portal for registration of complaints related to revised GST rates and their redressal

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Hailing the Centre’s Goods and Services Tax (GST) reforms, ready-to-eat foods major, ITC Limited, is ensuring rate cuts on its food items like ghee, flavoured milk and biscuits are passed on to consumers

GST rate cut will make nutritious food easily available: ITC

September 20, 2025, 05:19 PM - 2 min read

The recent GST rationalisation by the government will make it easier for people to consume nutritious food, said ITC Limited Executive Director, who said the company will be passing on rate cut benefits to people across its range of products

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Addressing the media after the meeting, Chouhan said the GST reduction would make farm machinery at ‘Custom Hiring Centres’ (CHC) across the country cheaper, and that rentals should also come down accordingly

Agri minister urges tractor-makers to pass on GST cut to farmers

September 19, 2025, 03:34 PM - 3 min read

With the new GST regime set to rollout on September 22, the Union Agriculture Minister, Shivraj Singh Chouhan, met representatives of agricultural machinery manufacturers and urged them to pass on GST rate cut benefits to farmers

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Explaining the framework through a presentation, Sitharaman said the new regime will bring down the system to just two levels of taxation, making it easier for consumers and businesses alike

Next-gen GST reforms to boost Bengal's economy, says FM

September 18, 2025, 06:27 PM - 2 min read

The Finance Minister highlighted that Bengal’s artisans, farmers, and small industries will particularly benefit under the revised tax slabs

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Under the Goods and Services Tax (GST) system, the revenue is shared equally between the Centre and the states

Centre notifies CGST rates for goods effective Sept 22

September 17, 2025, 10:59 PM - 2 min read

The states will now have to follow suit and notify the State GST (SGST) rates to be levied on goods and services beginning Monday, September 22

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Following the tax reforms, 99 per cent of goods under the 12 per cent GST slab have moved to five per cent

GST reforms will lead to more cash in hand: FM

September 17, 2025, 03:00 PM - 3 min read

The ‘next-gen’ Goods and Services Tax (GST) reforms that are due to roll out from September 22 will inject ₹2 lakh crore into the economy, said Union Finance Minister, Nirmala Sitharaman, on Wednesday

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After the Centre’s GST rejig announcement earlier this month, only two tax slabs remain in the GST structure – the 5 per cent and the 18 per cent slabs

Mother Dairy to pass on 100 pc GST benefit to consumers

September 16, 2025, 03:44 PM - 2 min read

Mother Dairy's entire portfolio now falls either under the exempted/nil or the lowest slab of 5 per cent, including paneer, ghee, butter, tomato puree, cassatta ice cream and frozen French fries

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The Department for Promotion of Industry and Internal Trade (DPIIT) communicated to the Retailers Association of India to ensure that the GST reduction reflects clearly and prominently as GST discount in the receipt/bills and that major focus be given on high-impact products

Display GST discounts prominently, Comm Min tells retail chains

September 16, 2025, 02:55 PM - 2 min read

The Department for Promotion of Industry and Internal Trade (DPIIT) communicated to the Retailers Association of India to ensure that the GST reduction reflects clearly and prominently as GST discount in the receipt/bills

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Since the cancellation charges are very low compared to the benefit that customers will get after September 22, borrowers are opting for a fresh loan process

Banks face car loan cancellations in run-up to GST rate cut

September 14, 2025, 06:04 PM - 3 min read

Banks across the country have reported increasing requests for car loan cancellations ahead of the dateline for the implementation of the GST rate cut of September 22

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