
We are providing below GST Council meeting updates which are given below:
- No tax increase has been declared on any item today
- Both GoM Reports on Pan Masala, Gutka and GSTAT to be discussed in Next Meeting: FM
- No Claim Bonus offered by Insurance Companies does not attract GST
- Threshold limit of for launching of GST offences increased to Two Crores except in case of fake invoices.
- Decriminalized certain offences of Obstruction of services by officers, failure to supply information etc.
- GST rate on "ethyl alcohol supplied to refineries for blending with motor spirit (petrol)" has been reduced from 18% to 5%
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GST Meeting Impact
Delta Corp , Nazara: Casino , Online Gaming Not Part Of Today's Gst Meeting Agenda - Govt
Both Gom Report On Pan Masala, Appellate Tribunal To Be Discussed In Next Meeting
Bpcl , Ioc , Hpcl : 5 % Gst On Ethyl Alcohol Extended To Refineries For Blending With Petrol