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GST Rate
FinMin starts process for deciding on convenor of GST rate rationalisation GoM
The finance ministry has started the process of deciding on a new convenor of the GoM on GST rate rationalisation, sources said. The position has been lying vacant following the change of government in Karnataka. Former Karnataka chief…
Commodities in packs of over 25kg won’t attract GST: Finance ministry
The government on Monday clarified that commodities and food items such as pulses, cereals, rice, wheat, flour in a single package containing a quantity of more than 25kg or 25litres will not fall in the category of “pre-packaged and…
GST Council decision: What becomes costlier, cheaper
The Goods and Services Tax was hiked for numerous items after the GST Council took up the recommendations aimed at “ironing out inconsistencies” in the structure. The GST Council decided to raise levies on a host of items, including ink,…
GST: No Consensus on GST Rate Rationalisation at Meet, GoM May Seek Extension to Submit Report
The GST Council, chaired by Finance Minister Nirmala Sitharaman, is scheduled to meet on June 28 and 29 in Srinagar.The Group of Ministers will, however, present a status report to the GST Council on the consensus which was arrived at the…
GoM fails to reach consensus on GST rate rationalisation – Times of India
NEW DELHI: A panel of state ministers on GST rate rationalisationon Friday failed to reach a consensus as some members opposed changes to tax slabs and rates, sources said. The Group of Ministers will, however, present a status report to…
Group of Ministers fails to reach consensus on GST rate rationalisation
A panel of state ministers on GST rate rationalisation on Friday failed to reach a consensus as some members opposed changes to tax slabs and rates, sources said.
The Group of Ministers will, however, present a status report to the GST…
GoM on GST rate rationalisation to meet on June 17 – Times of India
NEW DELHI: The panel of ministers on GST rate rationalisation is scheduled to meet on June 17 to discuss possible tweaking in tax rates, sources said. The Group of Ministers (GoM) is likely to discuss possible changes in the tax slab, they…
GST Council may do away with 5% rate; move items to 3% & 8% slabs
With most States on board to raise revenue so that they do not have to depend on Centre for compensation, the GST Council at its meeting next month is likely to consider a proposal to do away with the 5% slab by moving some goods of mass…