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GST, compensation cess
GST Council forms GoM on compensation cess; report expected by Dec 31
Council has set up a 10-member GoM, chaired by Minister of State for Finance Pankaj Chaudhary, to decide on the taxation of luxury, sin and demerit goods once the compensation cess ends in March 2026.
GST Council sets up GoM on compensation cess; panel to submit report by December-end
With just one-and-a-half year remaining for the cess to end, the GST Council in its 54th meeting on September 9 decided to set up a GoM to decide the future course of the cess. "The Terms of Reference of the GoM is to make taxation proposal to replace compensation cess after its abolition," the GST Council Secretariat said in an office memorandum.
GST Council sets up GoM on compensation cess; panel to submit report by Dec 31
Council has set up a 10-member GoM, chaired by Minister of State for Finance Pankaj Chaudhary, to decide on the taxation of luxury, sin and demerit
GST Council forms 10-member GoM to decide on future of compensation cess, panel to submit report by Dec 31
The Group of Ministers (GoM), which includes members from Assam, Chhattisgarh, Gujarat, Karnataka, Madhya Pradesh, Punjab, Tamil Nadu, Uttar Pradesh and West Bengal, will submit its report to the Council by December 31.
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19h
Merging GST slabs a complex task amid revenue and political hurdles at play, say experts
The Group of Ministers (GoM) on Goods and Services Tax (GST) recently convened to discuss potential shifts towards a ...
6h
Explained: Why developers want GST relief on Joint Development Agreements and input credits
Developers highlighted the contradiction between the government's goal of "housing for all" and the current tax regime which ...
13h
Ministerial panel looks to rework GST rates on over 100 items
The ministerial panel on GST rationalisation has discussed proposals for adjusting rates on over 100 items and merging the 12 ...
Deccan Herald
5h
Cleared all GST dues, says SpiceJet
New Delhi: Debt-ridden SpiceJet on Friday said it has cleared all its Goods and Services Tax (GST) dues. The airline, which ...
ET Now on MSN
1h
SpiceJet QIP: Rs 3000 crore in, GST dues out, salaries settled! Details
Low-cost carrier SpiceJet is on the path to recovery, clearing all GST dues and settling employee salary arrears. Following a ...
1d
The GST/HST credit goes out next week. Here’s how much you could get
The credit is a non-taxable payment meant to offset sales tax costs for Canadians with low to and modest incomes.
9h
SpiceJet says it has cleared all GST dues post raising Rs 3,000 crore
Domestic airline SpiceJet said here on Friday that it has cleared all GST dues of around Rs 71 crore, days after raising Rs 3 ...
Hosted on MSN
6h
SpiceJet clears all GST dues after raising Rs 3,000 crore via QIP
Beleaguered carrier SpiceJet has successfully cleared all its outstanding Goods and Services Tax (GST) dues, demonstrating ...
Tax Guru
7h
GST on Renting Immovable Property: Rules and Exemptions
When you give immovable property on rent then it will be considered as supply of services under GST law and GST will be applicable on it @18%. Now the immovable property can be commercial or ...
1d
Consensus eludes GoM on GST rate rationalisation, over 100 items discussed
The outcome of the rate rationalisation discussions will be crucial in shaping the agenda for the upcoming 55th GST Council ...
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