The Goods and Services Tax (GST) Council will meet in Hyderbad today. Chaired by Finance Minister Arun Jaitley, the 21st meeting of the GST Council will consider the nitty-gritty of the cess on large cars. <br/>'<br/>On the 3rd of this month, Union government promulgated an ordinance raising the maximum cess that may be levied on medium-sized to large cars and sports utility vehicles from 15 to 25 percent. <br/><br/>The GST council will now decide the quantum of increase to be enforced in view of revenue requirements. The cess goes to a fund meant to compensate states for revenue losses in the first five years of the GST regime.<br/>'<br/>The council will also discuss demands for giving relief to branded agriculture produce from the 5 percent tax. Unbranded agriculture produce is not taxed. <br/>'<br/>The council will also review the functioning of the IT systems of the Goods and Services Tax Network (GSTN), the company that processes tax returns, in view of the difficulties reported by businesses in filing returns.<br/><br/>In view of the difficulties faced by businesses in filing returns, the deadline for filing detailed returns for the month of July and August were extended. The last date for filing returns on supplies made by companies is 10 September as per the revised schedule. <br/>'<br/>The government yesterday gave additional charge of GSTN chairmanship to AB Pandey, chief executive of Unique Identification Authority of India (UIDAI).

The Goods and Services Tax (GST) Council will meet in Hyderbad today. Chaired by Finance Minister Arun Jaitley, the 21st meeting of the GST Council will consider the nitty-gritty of the cess on large cars. <br/>'<br/>On the 3rd of this month, Union government promulgated an ordinance raising the maximum cess that may be levied on medium-sized to large cars and sports utility vehicles from 15 to 25 percent. <br/><br/>The GST council will now decide the quantum of increase to be enforced in view of revenue requirements. The cess goes to a fund meant to compensate states for revenue losses in the first five years of the GST regime.<br/>'<br/>The council will also discuss demands for giving relief to branded agriculture produce from the 5 percent tax. Unbranded agriculture produce is not taxed. <br/>'<br/>The council will also review the functioning of the IT systems of the Goods and Services Tax Network (GSTN), the company that processes tax returns, in view of the difficulties reported by businesses in filing returns.<br/><br/>In view of the difficulties faced by businesses in filing returns, the deadline for filing detailed returns for the month of July and August were extended. The last date for filing returns on supplies made by companies is 10 September as per the revised schedule. <br/>'<br/>The government yesterday gave additional charge of GSTN chairmanship to AB Pandey, chief executive of Unique Identification Authority of India (UIDAI).