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Prior to its last meeting, the GST Council (a legislative body) had sent the draft GST laws to a legal committee to ensure that the fundamentals agreed upon by the Council were appropriately reflected in the language of the draft laws. During the meeting on February 18, 2017, the GST Council discussed various issues in the legally vetted draft GST laws, finalised some issues, and discussed others without finality. The draft laws are expected to be approved by the Council during its next meeting on March 4 and 5, 2017.

After reaching a significant milestone by clearing C-GST, S-GST, I-GST and UT-GST laws, the GST Council has now touched upon e-commerce, a sector

In the last GST council meeting held on 14th March, 2020, the GST rate on mobile phones was increased to correct the inverted duty structure on recommendations of Fitment Committee. GST rate was raised from 12% to 18% on mobile phones.

After the Lok Sabha approved the four supplementary GST legislations - Central GST (CGST), Integrated GST (IGST), Union Territory GST (UTGST) and the Compensation law, the Centre and the State governments will on Friday come up with the final rules and regulations of the new tax framework.

The Union Cabinet chaired by the Prime Minister has approved the Integrated GST, Central GST, Union Territory GST and GST Compensation bills on March 20, 2017. These four bills will now have to be passed by the Parliament. It is expected that the bills will be introduced in the Parliament early next week as a 'money bill' (note that the Rajya Sabha does not have the power to amend or reject money bills and is required to return it to the Lok Sabha within 14 days). Should the July 1, 2017 target for the introduction of GST in India be met, the Parliament will have to pass these bills before the end of the budget session (on April 12, 2017).

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At its 31st meeting in New Delhi, headed by Union Finance Minister Arun Jaitley, the GST council decided to move 33 items from 18% GST slab to 12% and 5%. It was decided only 34 luxury items will be taxed at 18% or more. Jaitley said the decision on GST of real estate will be taken in next meeting.

The 12th GST Council meeting on March 16, 2017, proved to be monumental with the Council approving the State GST and Union

After three months of the implementation of the Goods and Services Tax (GST), the GST Council, in its 22nd meeting on Friday has

The slew of measures such as reduction of GST rate on man-made fibres, immediate refund of GST and introduction of e-wallet facility

Textile industry welcomed the fixing of reasonable rates under the Goods and Services Tax (GST) regime on most of the items and also thanked the Finance Minister Arun Jaitley for quick conclusions on the subject. Commenting on the GST rates, A Shaktivel, Regional Chairman, Federation of Indian Exporters' Organisation (FIEO)'s Southern Region, said that the lower rates under GST across the products that have high potential of exports will go a long way in encouraging 'Make in India'.

Manohar Lal Khattar, the CM of Haryana said the Goods and Services Tax (GST) is not going to adversely affect the textile business. This comes after several textile traders and unions have gone on a strike against the imposition of GST.

After 17 years of preparation and 18 meetings of the GST Council, a single unified Goods and Services Tax (GST) in India is today a reality. In a momentous launch at the Central Hall of the Indian Parliament with a speech by the Finance Minister and the Prime Minister of India, the GST regime was ushered in at the stroke of midnight on July 1, 2017. While the mammoth task for the Central and State Governments has just concluded, as far as trade and industry are concerned, the journey has only just begun.

The Commerce Ministry will finish the mid-term review of Foreign Trade Policy (FTP) earlier than expected so that it would coincide with the rollout of Goods and Services Tax (GST) on July 1, said a senior official on Tuesday, while adding that exporters have asked for policy incentives to boost exports. "The objective of the meeting was to seek inputs for the review of FTP to coincide with the launch of GST. Exports have made a revival and they need support so that it continues to grow," Commerce Secretary Rita Teaotia told reporters on the sidelines of Board of Trade meeting.

Export Promotion Council for Handicrafts (EPCH) held a meeting with representatives of industry associations and exporters to discuss implications of the Goods and Services Tax (GST) on the sector. EPCH has prepared a petition on behalf of handicrafts exporters to be submitted to the GST Council, it said in a statement.

At a time when all major handset manufacturers are struggling to cope with disruptions caused by the coronavirus (COVID-19), the Goods and Services Tax (GST) Council has worsened the matters for mobile phone sector.

Amidst deliberations over the proposed multi-rate structure of the Goods and Services Tax (GST), Niti Ayog Vice Chairman Arvind Panagariya has come out in full support of the move saying the regime will help curb any possible rise in inflation and loss in income.

The GST rate to be applied on gold and bullion will be decided later

The Finance Minister recently indicated that while GST is aimed to be implemented from April 1, 2017, the roll out would have to take place, at the very latest, by September 16, 2017, as after this date, the existing taxes on goods and services will cease to exist in terms of Section 19 of the Constitution

The government has recently taken two transformational initiatives - demonitisation to promote a cashless society and GST to uniform the country's tax regime - which will affect a lot of people, a senior government official said.