GST Council sets up GoM to decide on taxation of luxury, sin, and demerit goods post-compensation cess end in March 2026.

Under the GST regime, a compensation cess is imposed on luxury, sin, and demerit goods in addition to the 28% GST rate.

The GST Council Secretariat has hinted in an office memorandum that the terms of reference of the GoM is to make a taxation ...

With just one-and-a-half year remaining for the cess to end, the GST Council in its 54th meeting on September 9 decided to ...

The GST Council has formed a GoM to decide on the future of compensation cess. The GoM will submit its report by December ...

Council has set up a 10-member GoM, chaired by Minister of State for Finance Pankaj Chaudhary, to decide on the taxation of ...

The Group of Ministers (GoM) on goods and services tax (GST) rate rationalisation, which convened in Goa on Wednesday, ...

The GST Council's GoM on rate rationalisation discussed lowering taxes on several items, including bicycles and bottled water ...

The Group of Ministers (GoM) on GST rate rationalisation has discussed tax rate tweaks on over 100 items, including lowering ...

On Wednesday, however, the panel did not take up the contentious issue of reducing tax on health insurance, or exempting it ...

The GST Council in its meeting earlier this month decided to set up a 13-member GoM to decide on tax on health and life ...