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Panel Proposes New GST Rates for Sin Goods and Other Adjustments

A panel of state ministers has recommended changes to the Goods and Services Tax (GST) structure, specifically targeting sin goods, including tobacco products, aerated beverages, and luxury cars. These goods are currently taxed at the highest 28% GST rate, along with an additional cess. The proposal, which is part of a rate rationalisation report, is set to be presented before the GST Council in its upcoming meeting later this month. The Group of Ministers (GoM), led by Bihar Deputy Chief Min

Finance & Economics

03 Dec 2024 04:55 AM 1.2k views

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

Finance & Economics

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

In a positive sign for the Indian economy, the Goods and Services Tax (GST) collections for September 2023 increased by 6.5% year-on-year, totaling ₹1.73 lakh crore. This marks a rise from ₹1.63 lakh crore collected in September of the previous year. The net GST collection after refunds stood at ₹1.53 lakh crore, showing a growth of 4% compared to ₹1.47 lakh crore in September 2022. So far this fiscal year, the government has recorded a gross GST revenue of ₹10.87 lakh cro

Business

01 Oct 2024 10:34 AM 990 views

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

Business

GST Council Panel to Review Tax Structure for 100 Items in Goa Meeting

A panel of state ministers, established by the Goods and Services Tax (GST) Council, is set to convene in Goa on September 24 and 25. This six-member group, led by Bihar Deputy Chief Minister Samrat Chaudhary, will review the implications of rate rationalization on at least 100 items. The discussions aim to analyze potential changes in GST slabs and rates, particularly focusing on essential goods. During the two-day meeting, the panel will explore various

Business

22 Sep 2024 12:00 PM 1.2k views

GST Council Panel to Review Tax Structure for 100 Items in Goa Meeting

Business

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#gst-council

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

GST Council Panel to Review Tax Structure for 100 Items in Goa Meeting

GST Council Panel to Review Tax Structure for 100 Items in Goa Meeting

Rising Trade Tensions: How New U.S. Tariffs Could Reshape the Metal Industry

Difference Between India’s and USA’s Immunization Schedule

Taylor Rehmet and Leigh Wambsganss head to runoff in Tarrant County Senate race

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Diljit Dosanjh makes history with sold-out Sydney stadium show on Aura Tour 2025

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Zohran Mamdani becomes New York’s youngest mayor, sends strong message to Trump

KTR Challenges CM Revanth Reddy

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Rising Trade Tensions: How New U.S. Tariffs Could Reshape the Metal Industry

Difference Between India’s and USA’s Immunization Schedule

Taylor Rehmet and Leigh Wambsganss head to runoff in Tarrant County Senate race

Ray-Ban Meta Glasses Now Support UPI, Hindi & Deepika AI Voice in India

Diljit Dosanjh makes history with sold-out Sydney stadium show on Aura Tour 2025

Lifelong Learning: A Pathway to Personal and Professional Growth

Zohran Mamdani becomes New York’s youngest mayor, sends strong message to Trump

KTR Challenges CM Revanth Reddy

Chicago braces for chilly Labor Day weekend with rare August cold

Fashion Photography

#gst-council

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

GST Council Panel to Review Tax Structure for 100 Items in Goa Meeting

GST Council Panel to Review Tax Structure for 100 Items in Goa Meeting

Rising Trade Tensions: How New U.S. Tariffs Could Reshape the Metal Industry

Difference Between India’s and USA’s Immunization Schedule

Taylor Rehmet and Leigh Wambsganss head to runoff in Tarrant County Senate race

Ray-Ban Meta Glasses Now Support UPI, Hindi & Deepika AI Voice in India

Diljit Dosanjh makes history with sold-out Sydney stadium show on Aura Tour 2025

Lifelong Learning: A Pathway to Personal and Professional Growth

Zohran Mamdani becomes New York’s youngest mayor, sends strong message to Trump

KTR Challenges CM Revanth Reddy

Chicago braces for chilly Labor Day weekend with rare August cold

Fashion Photography

Popular Cities