GST Council Current Affairs, GK & News

GST Council

December 2, 2015

The GST bill seeks to set up a GST Council. The GST Council aims to develop a harmonized national market of goods and services. According the GST Bill, the President must constitute a GST Council within sixty days of this Act coming into force. The composition of the GST Council includes: The Union Finance Minister ..

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SC: GST Council Recommendations not binding on Centre, States

May 22, 2022

The Supreme Court recently ruled that recommendations of the Goods and Services Tax (GST) Council are not binding on the Centre and states. What are the highlights of the judgment of the Supreme Court? The Supreme Court held that recommendations of the GST Council only have a persuasive value and are not binding in nature. ..

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Draft National Air Sports Policy 2022

February 9, 2022

According to Minister of State for Civil Aviation, Gen. Dr. V K Singh, Government has prepared a draft National Air Sports Policy (NASP 2022) for promoting air sports in India. Highlights Government has received the feedback. It is examining the comments on draft National Air Sports Policy. Under the policy, domestic design, development & manufacturing ..

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45th GST Council Meeting-Highlights

September 18, 2021

45th GST council Meeting was chaired by Finance Minister Nirmala Sitharaman on September 17, 2021 in Lucknow. Discussions over bringing petrol & diesel under the GST regime was discussed and several key decisions were taken. Highlights Issue of Petrol & Diesel was discussed as Kerala High Court had questioned it. However, Council decided not to ..

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Govt. begins review of legal issues in GST

July 22, 2021

The Central Government has begun a review of the goods and services tax (GST) law so as to provide clarity on the various issues that have cropped up regularly since it implemented in the year 2017.   Highlights This review is being undertaken to clear the air on various issues such as whether the services ..

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44th GST Council Meeting

June 14, 2021

44th meeting of Goods and Services Tax (GST) Council was chaired by Finance Minister Nirmala Sitharaman on June 12, 2021. Several changes in GST rate have been made which would be applicable till September 30, 2021. What decisions were taken? As per the Finance Minister, GST Council has accepted recommendations of Group of Ministers (GoM) ..

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