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Fitment committee recommends further GST rate rationalizations, clarifications, sources.
Fitment Committee Recommends Further GST Rate Rationalisations, Clarifications
GST Council-Nominated Fitment Committee Prescribes Rate Change For 14 Goods
Fitment Committee Recommends Rate Change For 22 Services & Rejects Change For 113 Goods
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Finance Minister Nirmala Sitharaman on Saturday said less than two per cent of the total 58.62 lakh taxpayers under Central GST administration has been sent tax notices and the intention of the government is to make GST assessees life easier by reducing compliance requirements.
Post Views: 522 Asian Paints on Monday informed that it has received a GST demand notice of Rs. 13.83 crore and a…
The Goods and Services Tax (GST) Council’s fitment committee, which is made up of central and state officials, is looking into the possibility of eliminating some of the rates, especially the 12 per cent slab. The committee has started over with a new rate rationalization exercise in order to achieve a revenue-neutral structure.