[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 […]
Ministerial panel on GST rate rationalisation and insurance taxation to meet on October 19 – CNBC TV18
[ad_1] The two ministerial panels set up by the GST Council are slated to meet on October 19 to discuss GST rate rationalisation and lowering 18% tax rate on health and life insurance premiums. This would be the first meeting of the 13-member GoM, under Bihar Deputy Chief Minister Samrat Choudhary, which was set up […]
Merging GST slabs a complex task amid revenue and political hurdles, say experts – CNBC TV18
[ad_1] The Group of Ministers (GoM) on Goods and Services Tax (GST) recently convened to discuss potential shifts towards a three-rate GST structure, primarily by merging the 12% and 18% tax slabs. However, the opposition-ruled states like Kerala, Karnataka, and West Bengal expressed concerns over revenue shortfalls. In a discussion with CNBC-TV18, Pratik Jain, Partner […]