[ad_1] Union Finance Minister Nirmala Sitharaman on Saturday (December 21) said the Group of Ministers (GoM) on GST rate rationalisation has postponed the submission of its report. Company Value Change %Change “Please don’t indulge in speculation on rate rationalisation as no decision has been taken. GST council appreciates GoM views on why decision on rate […]
Exclusive | GoM proposes price-based GST on readymade garments and luxury fashion – CNBC TV18
[ad_1] The Group of Ministers (GoM) on rate rationalisation under Bihar Deputy Chief Minister Samrat Chaudhary on Monday (December 2) proposed revised tax rates for readymade garments based on their price ranges, sources in the know told CNBC-TV18. As per the recommendations, readymade garments costing up to ₹1,500 would attract 5% GST, and those between ₹1,500 […]
Exclusive | GoM recommends 35% GST on tobacco, aerated drinks: Sources – CNBC TV18
[ad_1] The Group of Ministers (GoM) set up by the GST Council has proposed a new “special rate” of 35% for tobacco and aerated beverages, sources exclusive to CNBC-TV18 said. Currently, all types of tobacco products attract a GST rate of 28%, except for tobacco leaves, which are taxed at 5% under the reverse charge […]
GST rate rationalisation: GoM may propose a 35% ‘special rate’, rejig likely for over 148 items, say sources – CNBC TV18
[ad_1] In what could mark a significant overhaul of the GST rate structure, the Group of Ministers (GoM) on rate rationalisation is likely to propose the creation of a new “special rate” of 35%, alongside a rejig of rates for several items. Sources told CNBC-TV18 that the GoM, in its meeting today, decided to propose […]
GST Council to consider proposal to rationalise rates for life, health insurance premium – CNBC TV18
[ad_1] Thinking of buying or renewing your life insurance and health insurance? Well, the government could soon be giving you a tax breather. Come December, sources say that the GST Council is likely to meet and consider the report on the proposal to rationalise rates on life and health insurance premium. “The GST Council is […]
GST: GoM to discuss life & health insurance premiums in Goa on Sept 25 – CNBC TV18
[ad_1] The much-talked-about GST Council-nominated group of ministers (GoM) on rate rationalisation is set to meet on September 25 in Goa to discuss the way forward on GST rates and several issues, including the treatment of GST on health and life insurance premiums. The GoM’s report will be crucial in setting the agenda for the […]