GST Council Meet Outcome | FM Nirmala Sitharaman Announce Decisions On GST Rates | ET Now
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- Опубліковано 21 чер 2024
- GST Council Meet Outcome: FM Sitharaman said that the council took decisions related to trade facilitation and provide relief to tax-payers. The next GST meet will be held post budget session of the Parliament. Responding to a question on GST relief for online gaming companies, Sitharaman said that the council didn't discuss the matter as it was not on the agenda.
Key Takeaways:
- Could not take up some agenda points due to paucity of time
- Next GST Council meeting should happen in mid-August
- Lots of decisions taken to ease compliance burdens
- Decision to waive interest and penalties for demand notices u/s 73 of GST ACT
- Applicable in cases where tax payers pays full tax demand by 31.3.2025
- GST council has decided to waving interest and penalties notices for FY18 to FY21
- Also recommended that the time limit to avail input tax credit for FY18 to FY21 may be deemed
- Time limit to file GSTR4 to be extended to June 30 from 30th April to help small tax payers
- Pre-deposit for filing appeals to be brought down
- Council has decided for the insertion of functionality in form GSTR-1A
- Pan India authentication has been approved on the basis of biometric Aadhar
- Will roll out biometric based Aadhaar authentication on all India basis in phased manner
- Uniform 12% GST rate for all type of milk cans
- It has been clarified that all types of sprinklers will attract 12% GST
- Uniform 12% GST rate has been approved for all kind of carton boxes
- Hostels outside educational institutions will be exempted from GST
- To exempt hostel accommodation from GST up to Rs 20,000 per person per month
- Hostels within educational institutions are already exempted from GST
- Condition applicable for stay of over 90 continuous days
- GST Council recommended 12% GST on all solar cooker
- Deputy CM of Bihar Samrat Choudhary will be chairman of GOM in rate rationalisation
- Issue related to GST on online gaming was not on agenda for today; wasn't discussed in meeting today
- GOM on online gaming will submit a status report on rate rationalisation
#gstcouncilmeet #onlinegaming #retrotax #gstcouncilmeet2024 #gst #gstcouncil #gstcouncilmeeting #fertilizers #gaming #tobacco #generalinsurance #insurance #etnow #businessnews
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As a common tax payer, I have stopped expecting anything good from sitaraman Ji. Tax burden for common people are just increasing every year. Modiji should have chosen some other minister as finance minister..
If there is a person who can be a minister with out getting one vote from people for 3 successive term is this lady. Genius record
Kudos to the government having enough calibre and willpower to select right professionals in every portfolio ❤
What about Moun Mohan Singh?
@@vvaidhya4444he was voted by ganddi famiy😂😂😂
Then what about Dr Manmohansing, he too didn't got elected electorate.
GST must be applicable on petrol price in West Bengal to benifit all people of west bengal
West Bengal should not be given anything at all
Ms Sertha will you please release the 18 months DR frozen and kept in your fridge, atleast those are upto level 10.
What's your talent
I'm a Brahmin
In india gst is more we are 😂
A total review of tax should have been done,looking at the present inflation in the country.The financial condition of the banks are now much improved
Looking forward to News Headlines how GST Collections have galloped during Modi regime while States are simultaneously complaining how their funds are not being released on flimsy grounds. Of course Compliant Media will never highlight that it means that 80 crore poor LC who are living on 5 Kg ration and additional 20 Cr MC are being forced to support the lavish living of chosen few
Vanakkam Amma 💯 💯 🙏🙏🙏
Still they not learned still they arrogant on tax increase not decrease under congress govt we are least tax nation now India is top most tax nation
Can I recall BJP vote any procedure in constitution!? 😢😢😢😢
Once you vote for stupid khangress and recalling vote for BJP seems impossible 😂
@@mohanabhil when cash burns in hand by goverment you will realise, BJP dint do anything for Middle-class people since 2014. Congress was doing corruption but we were making good money.. that matters end of the day... Both has to balance country progress vs personal progress. And BJP is not exempted from corruption.
@@Hdjdjxbsajshsbdn glad that you atleast agreed you voted for khangress
@@mohanabhil nope votes bjp from 3 terms both in state and central, hard core right hand buddy , khangress is British proxy.. i know.. was a modi fan..
Will petrol price come down?
Where is one nation one tax. That's why we support congress 🎉🎉🎉🎉
Then you will get tax slabs for every districts in the country, I mean for every chotta leader 😂😂😂😂
Your congress ruled for 60+ years, but not even GST done. Only Modi has to come for modify the tax
@@p.n.unnikrishnan6659 To destroy people lives
Your Modi was against gst and Adhar, before 2014😅@@p.n.unnikrishnan6659
What about already paid interest and penalty
Take Petrol Disel under to GST
Need pilot for BJP ruling states , how much patrol would be reduced if GST is taken
Great economist
Super comedy😂😂😂
Please give right camision aginst business peoples balance sheet every day all india apply please
Venkam
Big genious minister
G s t comission is 20 percentage of m r p all over india please
GST on PG and hostel was started simultaneously. FM has clarified on Hostel, what about PG services? 19:19
PG comes under luxury according to them
BP tablets and psychiatric and other necessary commodities and also GST in Bank loan interest also
Please g s t comission 20 percent on basic price please resion is expenses is more than camision please rise margin all over india
More progressive review is expected, review lacks big vision or simply transactional
Keep the whole salary ,why 30pc income tax and 25pc gst.
But one condition,you should come and share my work Nirmala .
Ask for more da,less income tax and good infrastructure! These people are making daily wage earners life miserable.
@@krishnamohansomaraju6028 purpose of over taxation is to keep you poor.So that you are easily available and exploitable.
Fyi daily wage earners also pay the same GST rate ,think about earning rs 500 doing labour job and paying 200 rs in taxes.They too are taxed.
@mohanabhil when cash burns in hand by goverment you will realise, BJP dint do anything for Middle-class people since 2014. Congress was doing corruption but we were making good money.. that matters end of the day... Both has to balance country progress vs personal progress. And BJP is not exempted from corruption.
Ms.Sitharaman, which constituency elected you? How many votes you have won?
This will not happen, They Will not even come forward for next 6 months, This means Some good news for Big Corporates only not for the Small business
States must refuse GST ... Otherwise they will go bankrupt
😂😂😂😂😂😂
Amen paster😂😂😂
@@mohanabhil theri ma ka loda daaaalo modi bjp hindu lodaaaa hindu.
Ye india me h to Hindi me kyu nahi bol rahi h
pehla tum kuven se bahar ao ,English is our official language take it or leave it