Sin Goods are products that are considered harmful to health or society, so they are taxed more so that their use is reduced. This additional tax is used for public health and welfare.
The 48th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, will be held on 17 December. Read on for details:
Union Finance Minister Nirmala Sitharaman said on Saturday that recommendations of Group of Ministers (GoM) set up to look into tax relief on Covid-19 medical supplies have been accepted by the GST Council.
The Goods and Services (GST) Council, in its 26th meeting on Saturday, decided to divide the states into four lots for the rollout of intra-state e-way bill in April.
The Goods and Services (GST) Council in its 26th meeting on Saturday is likely to simplify tax returns, sources from Ministry of Finance said.
GST Council raised the composition scheme threshold for businesses to Rs. 1 crore, which will allow them to pay a tax of 1 per cent to 5 per cent, without having to deal with a three-stage filing process.
The 22nd meeting of the Goods and Services Tax (GST) Council has begun at the Vigyan Bhawan.
Union minister M Venkaiah Naidu today said there was “massive support” for the “very very simple” Goods and Services Tax (GST) and assured that any doubts on the new taxation regime could be addressed.
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