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Chief Minister Basavaraj Bommai, who manages the Group of Ministers on Goods and Services Tax (GST), chaired a meeting on the cost of rationalization and the methods towards revenue augmentation. GoM furnished the report in the month. It specified in the discussion that the virtual meet runs for 4 hours on Friday. Under the date, […]
The Group of Ministers (GOM) led by Meghalaya chief minister Conrad Sangma submitted to the council on Monday the recommendation that No change in the 5% GST rate for Covid vaccines Reduce GST to 5% on both commercial imports and domestic supply of most other Covid medicines and materials. Furthering the recommendations, the GOM also […]
Kerala’s Finance minister Thomas Issac on Friday said that a levy of 3 per cent GST on the sale of vintage gold has to be proposed to check tax evasion. As the Group of ministers has concluded to develop the e-way bill for carrying the gold within the states while applying it to the interstate […]
The GST Council is discussing upon to provide tax relief to the housing sector to promote the demand of the industry. But, the Council is concerned about that at a large scale builders are doing tax evasion so the tax relief framework must be structured in such a manner so that the builders would not do tax evasion.
The Goods and Services Tax Council, led by Finance Minister Nirmala Sitharaman, is likely to roll out new tax slabs for goods by September 22, according to information from government sources shared with NDTV. On August 15, Prime Minister Narendra Modi announced that bring next-generation GST reforms that will facilitate tax load on the country. […]
The Yamunanagar plywood manufacturers have requested the Haryana Government to reduce GST on plywood from 18% to 5%, stating that such a move will strengthen the state’s economy and generate employment opportunities. JK Bihani, the President of the Haryana Plywood Manufacturers Association, had written a letter to Chief Minister Nayab Singh Saini, which it was […]
The Group of Ministers (GoM) met on the GST rate rationalisation has ended with the state finance minister accepting the plan of the centre to lessen the multiple tax slabs. The proposal, placed before, aims to replace the current four rates of 5, 12, 18, and 28 per cent with just two main slabs. Before […]
On Wednesday, August 20, 2025, Finance Minister Nirmala Sitharaman is set to address an important meeting with a group of state ministers. During this meeting, she will advocate for significant reforms to the Goods and Services Tax (GST). These proposed changes aim to lower tax rates, which could subsequently result in reduced prices for commonly […]
Before the 56th meeting of the Goods and Services Tax Council, the Industry body CII aimed early conclusion of the rate rationalisation process in a meeting with Finance Minister Nirmala Sitharaman. In the additional GST reforms, the industry body recommended considering all petroleum products under GST, relaxations in the ITC to facilitate the working capital […]
