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Group of Ministers

Natural Calamity Cess: GST Council constitutes GoM to Assess State Revenue Mobilization Policies

Avinash Kurungot

The Goods and Service Tax (GST) Council has constituted a Group of Ministers (GoM) to assess and formulate revenue mobilization policies through the...

GST Council Meeting: FM Nirmala Sitharaman set to Address Media at 6 PM

GST Council may Step Anti-Clockwise on GST rates of Luxury Watches & Shoes

No Hope on Life Insurance Rate Rework by GST Council this Time: Sources

CBIC rejects Media Claims of GST Rate Increase, GoM Recommendations yet to Submit before Council

GST on Cigarettes, Tobacco, and Aerated Beverages Likely to Increase to 35%

The Group of Ministers ( GoM ) on GST rate rationalization has suggested increasing the tax on products like aerated drinks, cigarettes, and tobacco from 28% to 35%. This new rate would create a...

Rate Rationalisation gets Deferred Further, 55th GST Council Meeting to mull over GST on Insurance Premiums

The Group of Ministers ( GoM ) on Goods and Services Tax ( GST ) rate rationalization, led by Bihar Deputy Chief Minister Samrat Choudhary, recently held its second meeting in Goa but could not...

GST Council May Remove Tax on Life and Health Insurance Premiums: Here's How It Could Impact You

The Group of Ministers ( GoM ) under the Goods and Services Tax ( GST ) Council is currently considering removing GST on premiums paid for life and health insurance policies. The Group of Ministers...

Tax Breaks on Insurance Premiums: GoM Assent GST Exemptions for Key Sectors

The Group of Ministers ( GoM ) which was constituted as per the recommendation of 54th meeting of the GST Council assented to exemption for term life insurance premium for all and health insurance...

GST Compensation Cess Panel holds First Meeting, considers to Reduce Tax bracket for Some Luxury Items

The GST Compensation Cess Panel, a newly formed Group of Ministers ( GoM ) led by the Union Minister of State for Finance, Pankaj Chaudhary, held its first meeting earlier this month. The panel...

GST on JDAs in Real Estate: Setback from GoM Decision likely

The Group of Ministers ( GoM ) on Goods and Services Tax ( GST ) Council is unlikely to recommend any tax relief for the real estate sector, particularly regarding joint development agreements ( JDAs...

MoS Finance Pankaj Chaudhry likely to Convene New GoM on GST Compensation Cess

The Union Minister of State for Finance, Pankaj Chaudhary, is set to lead a newly formed Group of Ministers (GoM) tasked with addressing the GST compensation cess. This GoM will consist of...