gst council

28% Levy On Full Face Value Of Bets Valid: Court

Rajya Sabha MP Sasmit Patra has urged Union Finance Minister Nirmala Sitharaman to include petrol and diesel under the GST framework at the next gst council meeting. Citing rising fuel costs and inflationary pressures, Patra highlighted the constitutional provision for GST inclusion and the price disparities caused by varying state VAT rates.

India's gold demand has plummeted by nearly 70% following a government increase in import duty from 6% to 15%. This, coupled with rising fuel and food prices, has significantly dampened consumer sentiment and spending on discretionary items like gold.

As India opens its markets through FTAs, domestic cost structures, especially those linked to GST credit accumulation, become even more critical to ensure a level playing field.

Improved Infrastructure, GST Changes Shift Trade From Mumbai

Global oil prices are beyond India’s control but a tangle of govt interventions that have left Indian aviation structurally fragile. These demand correction.

Prime Minister Narendra Modi's appeal to curb non-essential gold purchases has raised concerns within Odisha's jewellery industry. Jewellers argue gold is integral to traditions, and a slowdown threatens the livelihoods of artisans and goldsmiths who depend on steady demand, especially during wedding and festival seasons.

'Physical Delivery Of Commodities Needs GST Tweaks'

Facing a widening trade deficit, India's Prime Minister urges reduced gold purchases. Industry bodies propose tapping into the nation's vast household gold reserves. Their plan involves using refined household gold for domestic demand and channeling imported gold into jewellery exports via gold metal loans, aiming to boost working capital and cut imports.

Mahanadi Coalfields Limited is hiring 500 people for Foreman and Technician roles. Applications open on May 7, 2026, and close on May 28, 2026. The selection is through a Computer Based Test. Interested candidates can apply online on the official MCL website. This is a great opportunity for aspiring professionals in the coal sector.

Chartered accountants from WIRC met Maharashtra's Co-operative Commissioner to advocate for audit reforms, extended timelines for auditor empanelment, and a revision of audit fees. They also requested formal inclusion in drafting the new co-operative policy, emphasizing the need for updated remuneration reflecting increased compliance and accountability over the past decade.

The gst council is being chaired by union finance minister Nirmala Sitharaman in Chandigarh today. The 2-day meeting, which begun today, is also being attended by the finance ministers of states and union territories and senior officers from the union government and states.

The gst council in its two-day meeting starting Tuesday is slated to discuss an array of issues, including a mechanism for compensating states for revenue loss, tax rate tweaks in some items and relaxed registration norms for small online suppliers.

The 40th GST (goods and services tax) council meeting is scheduled to be held on Friday. Union finance minister Nirmala Sitharaman may consider downward revision of late fees for not filed old returns, news agency ANI reported quoting sources.

The report of panel of ministers on Goods and Services Tax (GST) on online gaming and casinos may not come up for deliberation at the February 18 meeting of the gst council, chaired by Union finance minister Nirmala Sitharaman and comprising her state counterparts.

Amid clamour for rate cut by various industries, the all powerful gst council will hold a crucial meeting on Friday to decide on tax moderation, keeping in mind the revenue position and the need to boost sagging economic growth.

The gst council on Tuesday approved changes in tax rates on some goods and services while allowing states to issue an e-way bill for intra-state movement of gold and precious stones, officials said.

The goods and services tax (GST) Council will set up a grievance redressal mechanism for taxpayers. The decision was taken at the 38th meeting of the gst council held on December 18.

The gst council on Friday reduced the levy on several life-saving medicines, agreed to correct the tax structure for several products - ranging from textiles and footwear to pens - and unanimously concluded that there was no need to include petrol and diesel under this tax regime for now. Finance minister Sitharaman clarified that it was the result of a high court directive which wanted the gst council to look at the issue.

Finance minister Nirmala Sitharaman on Saturday will chair a meeting of the gst council, which is expected to decide on tax relief for Covid-19 essentials and black fungus medicine. It will be attended by minister of state for finance Anurag Thakur, besides finance ministers of states and Union territories.

The gst council on Monday decided to extend the surcharge on taxes over luxury goods such as cars, and tobacco products beyond June 2022, but failed to reach a consensus on ways to compensate states for loss of tax revenue.