Tag: GoM
Budget home threshold may be hiked to Rs 55 lakh
New Delhi: The group of ministers (GoM) tasked by the Goods and Services Tax Council to look into application of GST for real estate is…
Rate rationalisation exercise: Luxe bags, cosmetic treatments may be moved to 28% GST Slab
New Delhi: As many as 58 goods and 24 services, such as pricey handbags and sunglasses and certain cosmetic procedures could be moved to the…
GST rates to be cut on 20 litre water bottles and bicycles to 5%, raised for luxury shoes, watches, and beauty products
The Group of Ministers (GoM) for GST rate rationalisation has decided to lower the tax rates on 20-litre packaged drinking water bottles, bicycles and exercise…
Panels on GST rate rationalisation, cutting tax on insurance premium to meet on Saturday
New Delhi: The two ministerial panels set up by the GST Council are slated to meet on October 19 to discuss GST rate rationalisation and…
End of cess may not be blessing for ‘sin taxed’
New Delhi: Cigarettes and other tobacco products, carbonated drinks and high-end automobiles, currently in the 28% goods and services tax (GST) slab, could see this…
GST rate rationalisation: GoM discusses pruning 12 pc slab, next meeting on Oct 20
New Delhi: The GoM on GST rate rationalisation has discussed tax rate tweaks on over 100 items, including lowering taxes on certain goods from 12…
GST Council Meeting: Exemptions for foreign airlines, rate reductions, and new Groups of Ministers formed
The Goods and Services Tax (GST) Council exempted the import of services by foreign airline companies from related persons or any of their establishments outside…
GST Council set to meet on Sept 9, talks on rate rationalisation to kick off
The Goods and Services Tax (GST) Council will hold its next meeting in September to discuss the pending reforms and to kick-start rate rationalisation for…
gst council: GST Council to discuss measures to curb evasion, GoM report on online gaming in July 11 meet
The GST Council on July 11 will discuss some more measures to tighten the noose on fake registration and fraudulent generation of input tax credit…
tax devolution Instalment: Finance Ministry releases Rs 1.1 lk cr as third instalment of tax devolution to state govts
The Union government on Monday released the third instalment of tax devolution to state governments amounting to Rs 1,18,280 crore, as against normal monthly devolution…