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Before the crucial Goods and Services Tax (GST) council meeting scheduled for September 9th, the reconstituted Group of Ministers on GST for rate rationalisation met for the first time on Thursday.
India’s largest two-wheeler maker Bajaj Auto has sought a reduction in goods and services tax (GST) on CNG two-wheelers, sources told CNBC-TV18 on August 22. The proposal is likely to be taken up soon for consideration by the fitment committee under the GST Council, they said.
The government is likely to introduce Goods and Services Tax (GST) relief measures for major players, including Infosys, foreign airlines, and foreign shipping lines, according to sources familiar with the matter.
The GST Council, which will meet here on September 9, is likely to make progress on the long-pending agenda of rate rationalisation, and review levy of GST on import of services by Indian entities from offshore branches.
GST Council, is likely to meet early September to consider key issues such as expanding the tax base, issuing clarifications to minimize tax disputes, and evaluating the process of tax rate rationalisation, according to two persons familiar with the development.