GST in Media

Cut GST on lamp oil, plead merchants

City-based oil merchants have urged commercial taxes minister P Moorthy to recommend to the GST Council to reduce the 12% GST on lamp oil to 5%, considering that it is nothing but a mixture of many oils which are taxed only 5%. Madurai Oil and Oil Seeds Association stated that lamp oil could be divided into scented and unscented categories for GST.

Budget-II 2024-25

Budget Recommendation Committee through the Institute of Chartered Tax Practitioners India

The Coimbatore Chapter of Institute of Chartered Tax Practitioners India has established a ‘Budget Recommendation Committee, to study and analysis various issues in Direct Taxes and Indirect Taxes, and suitably draft is recommendations for introduction, repeal , substitute, amend and modify the sections, provisions, explanations and rules in the forth-coming budget.