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GST revamp on track: GoM backs Centre’s two-slab plan; accepts scrapping 12% and 28% rates
NEW DELHI: The Group of Ministers (GoM) on GST rate rationalisation accepted the Centre’s proposal to reduce the current four-slab structure to two, Bihar Deputy chief minister Samrat Choudhary said ...
The goods and service tax (GST), the new indirect tax regime was on track is likely to be implemented from July 1, said Union Finance Minister Arun Jaitley said today. "It (GST) looks on track.
The GST Council on Saturday fixed a 5 per cent tax rate on small hotels and restaurants and approved draft of key supporting legislations to enable rollout of the new indirect tax regime from July 1.
The GST Council has approved a "track and trace" system to combat tax evasion on specific goods, starting with cigarettes and potentially pan masala. This system uses unique identification markings to ...
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