Tag Archives: Council

GST Council Meet: Relief for common man as rates slashed for several goods

Finance Minister Arun Jaitley addresses media after 31st Goods and Services Tax Council meeting. (Photo: PTI) The Goods and Services Tax Council on Wednesday slashed tax rates for 23 commonly used items that have been reduced from 18 per cent to 12 and 5 per cent respectively, said Puducherry Chief Minister V Narayanasamy. The fresh rate rationalisation is the government’s ... Read More »

GST Council Meets Today, Breather Likely for Small Businesses

New Delhi:┬áThe all-powerful Goods and Services Tax (GST) Council will hold its 22nd meeting on Friday and is likely to consider relaxing the return filing cycle for small and medium enterprises. Implemented on July 1, the GST replaced 17 central and state taxes to unite the country as one market but has been facing starting trouble. Among the challenges are ... Read More »