So far in 2024, the total GST collection has been 10.2 per cent higher at Rs 7.38 lakh crore, as against Rs 6.70 lakh crore mopped up in the corresponding period of 2023.
Union Home Minister Amit Shah said on Monday that Prime Minister Narendra Modi introduced the Goods and Services Tax to give relief to the citizens and that the Centre is resolved to bring in more reforms to improve the lives of the citizens.
Students from across the nation expressed their gratitude to Prime Minister Narendra Modi for the Union Cabinet's decision to remove Goods and Services Tax (GST) on paying guest (PG) and hostel accommodation.
The sale of platform tickets and services such as retiring rooms, waiting rooms, cloakroom facilities, and battery-operated car services are now exempt from GST.
Union Finance Minister Nirmala Sitharaman will be presiding over the meeting. The state ministers, along with other stakeholders, will table their requests during the meeting.
The GST council is likely to consider an amendment to the Goods and services tax Act to quash retrospective tax demands. The proposal was suggested by law committee, to address tax notices, where lower taxes were paid due to interpretation issues or lack of clarity in the law.
Ahead of the 53rd Meeting of the Goods and Services Tax (GST) council on June 22, the Confederation of Indian Industries (CII) has urged for a GST structure with three rates and moderation of the current rates.
A meeting of the GST Council is set to be held on June 22 here in the national capital, where the members of the Council will meet first time in about eight months and a first after the new Union government was formed.
The state cabinet's decision is in line with the last GST Council meeting, wherein it had decided to impose a 28 per cent tax on online gaming, casinos, and horse racing.
Uttar Pradesh's Finance and Parliamentary Affairs Minister Suresh Khanna has been named the convenor for the Group of Ministers (GoM) constituted by the GST Council to revise the tax rates on goods and services
GST collections for October stood at Rs 1.72 lakh crore, which is the second highest ever, according to an official statement issued by the Finance Ministry on Tuesday.
The GST Council also took a decision to recommend an extension in the last date for filing an appeal by industry against a GST order to January 31, 2024.