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Union Home Minister Amit Shah will lead talks with states and central ministries to build consensus on key changes to the Goods and Services Tax (GST) system, according to an Indian Express report.
GST rates on items like cigarettes, carbonated drinks, and high-end cars may go up soon, as per a report by NDTV. According to government sources cited by NDTV Profit, the center is considering replacing the current compensation cess with a new health and green cess.
A panel mandated to examine tax rates under the Goods and Services Council has recommended slashing tax on green hydrogen to 5% from 18% now, said people familiar with the matter.
The Group of Ministers (GoM) on Goods and Services Tax (GST) rate rationalisation has begun reviewing the classification of food items under different tax slabs to address chronic ambiguities that have led to litigation and revenue leakages.
Urging the government and the Goods and Services Tax (GST) council to take immediate action against the malpractices, the national governing council meeting of the Confederation of All India Traders (Cait) has demanded that a 28 per cent GST should be levied on quick commerce and ecommerce companies, stating that such convenience should be treated as a luxury and taxed accordingly.
The Karnataka High Court on April 25 heard arguments in a pivotal tax classification dispute regarding the Goods and Services Tax (GST) treatment of donuts, cakes, and other bakery products.
The Madurai Bench of Madras High Court has held that contracts awarded by Rail Vikas Nigam Limited (RVNL) for railway infrastructure development works are eligible for the concessional rate of 12% GST.
The Maharashtra Authority for Advance Ruling (AAR) has said that when a new builder takes over an under-construction housing project, they must follow the same GST rate that the previous builder (old promoter) had chosen.
A proposal to reduce goods and services tax (GST) on agricultural equipment and inputs is being reviewed by a Group of Ministers (GoM), Union Finance Minister Nirmala Sitharaman on Tuesday said in the Lok Sabha.
The Goods and Services Tax (GST) Council is likely to introduce a uniform 5 percent GST rate on all commercial-use drones in its upcoming meeting, according to a Business Standard report citing sources. The move aims to remove ambiguity in the classification of unmanned aircraft systems (UAS) and provide greater clarity to the industry.