Tag: group of ministers
GoM on GST compensation cess holds first meeting: No new levies until future is decided
The 10-member group of ministers (GoM) on compensation cess decided in its first meeting on Wednesday not to extend the levy to any new item…
GST Council forms GoM to review tax rate on health, life insurance; report by Oct 30
New Delhi: The GST Council on Sunday constituted a 13-member Group of Ministers (GoM) to suggest GST rate on premiums of various health and life…
MoS Finance likely to be convenor of GoM on GST compensation cess
The Group of Ministers on reworking the nomenclature for GST compensation cess is likely to be convened by Union Minister of State for Finance Pankaj…
6-years of GST: With record high collections, why it is an opportune time for rate rationalisation
The introduction of the goods and services tax (‘GST‘) in June 2017, marked a significant milestone in the history of taxation in India. This transformative…
GST council meet: GST Council to meet next in Delhi on July 11
The Goods and Services Tax (GST) will meet in Delhi on July 11 to discuss many pending agendas, including reports on Online Gaming and trading,…
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…
GST News: To tax at 18% or 28%? The GST Conundrum for skill gaming sector
In August 2022 the Group of Ministers (GoM) will suggest a GST regime for lottery, casino, and gaming businesses. In this article, we discuss the…