Hosted on MSN

GoM backs GST simplification: Proposal to cut tax slabs to two rates, add 40% for demerit goods

The Group of Ministers (GoM) on GST rate rationalisation supported the Union Government’s proposal on Thursday to simplify the GST structure. The proposal suggests reducing tax slabs from four (5%, 12 ...
Hosted on MSN

Indian Sellers Collective seeks rejection of 35% GST proposed by GoM on demerit goods

Indian Sellers Collective, an umbrella body of trade associations and sellers, on Thursday urged Finance Minister Nirmala Sitharaman and the GST Council to reject the recommendations of GoM (Group of ...
Reuters

BUZZ-India's cigarette makers gain; GST council caps cess on demerit goods

** Goods and Services Tax (GST) council on Thursday set a cap on cess to be imposed on luxury, sin and demerit goods - reports bit.ly/2nxRedq ** In case of cigarettes and chewing tobacco, cess levied ...