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Vivek Johri has indicated that any potential changes to Goods and Services Tax (GST) rates will require careful consideration and may need to be implemented gradually. The chairman of the Central Board of Indirect Taxes and Customs (CBIC), in an…
In an Exclusive Conversation with BTTV’s Managing Editor Siddharth Zarabi Vivek Johri Chairman CBIC discusses the report submitted by the Group of Ministers (GoM) on the removal of exemptions and the inverted duty structure. The majority of these decisions have…
The finance ministry has started the process of deciding on a new convenor of the GoM on GST rate rationalisation, sources said. The position has been lying vacant following the change of government in Karnataka. Former Karnataka chief minister Basavaraj…
The Goods and Services Tax Council will have to appoint a new chairperson for the key group of ministers (GoM) on rate rationalisation following the Karnataka state elections. Former Karnataka chief minister Basavaraj S Bommai, who resigned following the BJP’s…
Karnataka election result is likely to have an unusual impact on rationalisation of Goods & Services Tax (GST) rates. With the defeat of BJP government, the GST Council needs to reconstitute the Group of Ministers (GoM) on Rate Rationalisation as…
India is not planning any major rationalisation to rates under its goods and services tax (GST) regime and is also not considering any convergence of the slabs as of now, revenue secretary Sanjay Malhotra has said. “Rationalisation of rates a…
After over three decades in the Indian Administrative Service, Revenue Secretary Tarun Bajaj will superannuate on November 30. The outgoing officer spoke to businessline on various issues ranging from the GST roadmap to overall tax collection. Q. What will be…
As inflation continues to soar and the poll climate hots up, the window of opportunity to rationalise the GST rates are getting narrower even as the GST Council continues to wait for a report on the rates headed by Karnataka…
Delhi High Court has upheld that cosmetic maker L’Oreal did profiteering while not giving out the benefit of GST rationalisation. Accordingly, it has directed the company to deposit the profiteered amount with the tax department. However, it stayed the interest payment and…
The Federation of Associations in Indian Tourism & Hospitality (FAITH), a policy federation of all ten associations representing tourism, travel and hospitality industries has asked for five rationalisation measures for its sectors. It said restaurants should also be allowed the…