Gst Tax Slabs News

News

GST Council to hear gaming firms’ plea on past tax demands

Central and state GST officials are examining the grievances of online gaming companies and their request for relief from the tax notices issued for the period till October 2023, totalling over ₹1.12 trillion, across 71 cases

3 min read20 May 2024
Videos

7 Key highlights of the 50th GST Council meet | Mint Primer | Mint

The 50th GST Council meeting brought significant changes, including tax exemptions on cancer drugs and rare disease medicines. The GST rate was reduced to 5% for snack palettes, fish soluble paste, LD slag, and imitation zari thread. However, online gaming faced a setback with a 28% GST rate imposed. The meeting also addressed concerns about ED interference in GSTN. This video explores the key highlights of the meeting, showcasing the latest updates and their implications on various sectors of the Indian economy.

13 Jul 2023
News

GST revised rates on pencil, jaggery to be effective from today

GST Council has reduced the tax rate on several items, including ’Rab’ (liquid jagger) and pencil sharpeners

1 min read1 Mar 2023
News

Industry bodies seek GST structure rationalisation on metal scraps

AIIFA said that the induction furnace sector contributes around 35% to the total steel production in India, requesting the government to rationalise the GST structure

1 min read17 Feb 2023
News

Centre will not merge GST tax rates in FY24: Report

However, the plan for fewer tax bands in GST is still on the cards, but the timeline is not specified yet.

1 min read6 Feb 2023

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The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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