GoM proposes to slash GST on water bottles, bicycles
GST rates to be cut on 20 litre water bottles and bicycles to 5%, raised for luxury shoes, watches, and beauty products
The estimated revenue gain from all the new changes made by the GoM on GST rationalisation would be ₹22,000 crore
GoM proposes to slash GST on water bottles, bicycles; raise rate on shoes, watches
The Group of Ministers (GoM) on GST rate rationalisation proposed reducing GST on packaged drinking water bottles, bicycles, and exercise notebooks to 5%. They suggested raising GST on high-end shoes and wrist watches to 28%.
GST rates slashed for bicycles, water bottles; luxury goods to face higher tax
GoM lowers GST rates on water, bicycles, notebooks to 5%, proposes hike on high-end watches, shoes. Revenue gain expected.
GoM recommends to lower GST rate on water bottles, bicycles to 5%: Report
The GoM on GST rate rationalisation on Saturday decided to lower tax rates on 20-litre packaged drinking water bottles, bicycles and exercise notebooks to 5 per cent, but suggested raising taxes on high-end wrist watches and shoes,
GoM to cut GST on water bottles, bicycles
The GoM on GST rate rationalisation has proposed lowering tax rates to 5% on 20-litre packaged drinking water bottles, bicycles, and exercise notebooks, while increasing taxes on high-end wrist watches and shoes.
GST Rate Changes: Water Bottles, Bicycles Lowered, Shoes, Watches Raised
The GoM on GST rate rationalisation has decided to lower taxes on water bottles, bicycles, and exercise notebooks while raising rates on high-end shoes and watches.
GST panel bats for exemption on insurance premium, health cover for senior citizens; reduces tax on 20L water bottles, bicycles
The GoM on rate rationalisation in its previous meeting had discussed tax rate tweaks on over 100 items, including lowering ...
GST ministerial panel in favour of exempting term life insurance premium, health cover for senior citizens
GST GoM on rate rationalisation discusses rate hike on high-end wrist watches, shoes; GST on packaged water to be cut.
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GST Rate Shake-Up: Relief for Some, Hikes for Others
The Group of Ministers (GoM) on GST rate rationalisation decided to lower tax rates on essential items like 20-litre packaged ...
GoM decides to cut GST on 20-litre water bottles, bicycles to 5%; raise rate on shoes, watches
GST rate rationalisation GoM lowers tax on water, bicycles, notebooks to 5%, proposes hike on watches, shoes. Revenue gain ...
National Herald7h
GST: senior citizen health insurance may be exempted; luxury watches, shoes to draw 28%
A final decision on GST on health and life insurance premiums as well as rate rationalisation will be taken by the GST ...
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GoM may propose GST rejig on several items; likely to generate ₹22,000 crore surplus
In its meeting on Saturday (October 19) in New Delhi, "GoM rate Rationalisation discussed several proposals and is ...
GST on term life insurance premium, senior citizen's health coverage likely to be exempt
The Group of Ministers (GoM) is likely to recommend exempting Goods and Services Tax (GST) on term life insurance premiums ...
GoM favours no GST on term life insurance, health insurance for senior citizens
States advocate for exempting health insurance premiums for seniors, term life insurance, and propose tax changes on various ...
GST rejig: Cheaper water, bikes; pricier shoes, watches
The Group of Ministers on GST rate rationalisation has reduced GST on 20-litre packaged drinking water bottles. The GST on ...
Top Stories on October 19: GST changes, Q2 results, Jharkhand election row and more
The government announced new GST exemptions and revised tax brackets. The BJP released its candidate list for Jharkhand ...
Term life insurance, health cover for senior citizens may get GST exemption
Exercise notebooks, cycles under Rs 10,000, 20 litre plus water package, to attract lower 5% GST; Rs 15,000+ shoes, Rs ...
GST proposals would leave most islanders better off, treasury data suggests
The data was included in a proposed alternative to Policy and Resources' Budget. The amendment has been put forward by Deputy ...