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Travel agents body TAAI on Monday sought a slew of measures, including simple visa requirements and encouraging visa-free entry for tourists visiting India, rationalisation of GST rates and GST credit, and industry status for all stakeholders in the segment, among others, for the domestic travel and tourism sector.
In what could be a game changer for the current GST regime, the government is likely to explore the possibility of shifting to a 3-slab structure in the coming fiscal.
Speaking exclusively to ET NOW, Revenue Secretary Sanjay Malhotra, on Sunday, said that there is no proposal before the government to rationalise the Long Term Capital Gains (LTCG) Tax. Speaking exclusively to ET NOW, Malhotra said that taking the inflation…
GST rate rationalisation, in all probability, will take place only after Lok Sabha polls, a senior Finance Ministry official has said. “Some minor changes can take place as and when required and based on the recommendations of the GST Council.…
Rationalisation of rates of the goods and services tax (GST) may be taken up in the coming fiscal and the government could give an indication towards this in the upcoming Interim Budget. The Group of Ministers on rate rationalisation of…
In a clear signal that the GST rate rationalisation exercise is back on the Centre’s agenda after being in deep freeze, the government has reconstituted the ministerial group of the GST Council that was tasked with recommending the simplification of…
Industry bodies, including Retailers Association of India (RAI) and PHD Chamber of Commerce and Industry (PHDCCI), have urged the GST Council to rationalise GST on the non-alcoholic beverages segment. The industry wants lower GST on agri-based beverages and exemption for…
CEAMA pitches for rationalisation in GST on energy-efficient products, industry projected to grow to Rs.1.5 lakh cr by 2025 The Consumer Electronics and Appliances Manufacturers Association (CEAMA) has been pitching for rationalisation of GST for energy-efficient appliances in order to…
The Goods and Service Tax (GST) rate rationalisation process may start afresh after induction of new members in the GST Council. Sources infomed CNBC-TV18 that the Group of Ministers (GoM) on rate rationalisation is all set to meet and are…
The Group of Ministers (GoM) of the Goods and Services Tax Council that was tasked with rate rationalisation is likely to be reconstituted soon, with Karnataka Revenue Minister Krishna Byre Gowda set to become a member. The position of…