Last Updated:March 21, 2025, 12:52 IST Deadlock On 12% GST Slab: While the Centre is keen to eliminate the slab, some state ministers are opposed to the proposal Union Finance Minister Nirmala Sitharaman is likely to engage with the GoM directly in April Despite the Centre’s push to simplify the Goods and Services Tax (GST)
Last Updated:December 21, 2024, 14:44 IST The GST Council on Saturday decided to postpone decision on cutting taxes on health and life insurance policies for further examination, CNBC-TV18 has reported citing sources. The GoM has informed the Council about lack of consensus. The GST Council on Saturday decided to postpone decision on cutting taxes on
Last Updated:December 13, 2024, 17:04 IST The GoM was initially scheduled to submit its report by December 31, 2024 The GST law mandates that any surplus collected in the cess pool thereafter be equally shared between the Centre and states. The Group of Ministers (GoM) set up by the Goods and Services Tax (GST) Council
Last Updated:December 03, 2024, 22:38 IST The CBIC on Tuesday said the GoM on GST rate rationalisation is yet to submit its recommendations to the GST Council, which is the final decision making body in fixation of tax rates. It said the GST Council is empowered to recommend GST rates including changes to them. (Representative
Last Updated:December 03, 2024, 13:20 IST Health insurance stocks experienced gains in today’s trade, following a series of GST reduction proposals by GoM Health Insurance Stocks rise Health insurance stocks surged by up to 11% on December 3, following a series of proposals made by the Group of Ministers (GoM) on GST rate rationalisation for
Last Updated:November 25, 2024, 17:08 IST Recommendations of the GoM on life and health insurance will be placed before the GST Council when received GST on health insurance services and pure term life insurance services is levied at standard rate of 18 per cent. Recommendations of the Group of Ministers (GoM) looking into issues pertaining
The group of ministers (GoM) on GST rate rationalisation, led by Bihar Deputy Chief Minister Samrat Chaudhary, has discussed tax rate tweaks on over 100 items, including lowering taxes on certain goods from 12 per cent to 5 per cent, to give relief to the common man, West Bengal Finance Minister Chandrima Bhattacharya said on
GST GoM on Rationalisation to meet on September 25. The six-member GoM on GST Rate Rationalisation, led by Bihar Deputy Chief Minister Samrat Chaudhary, will likely focus on the possibility of merging the 12 per cent and 18 per cent GST slabs. The Group of Ministers on GST rate rationalisation, under Bihar Deputy Chief Minister
New Delhi: Union Finance Minister Nirmala Sitharaman with Bihar Deputy Chief Minister Samrat Choudhary. (File photo: PTI) The GST Council on Sunday constituted a 13 member Group of Ministers (GoM) to suggest GST rate on premiums of various health and life insurance products GST Council Meeting 2024: The GST Council on Sunday constituted a 13-member
Published By: Mohammad Haris Last Updated: September 15, 2024, 11:38 IST The collections from GST compensation cess in February and March 2026 are expected to be about Rs 40,000 crore. The GoM will have to suggest how the cess collected on demerit and luxury goods will be apportioned between Centre and states and suggest the