National News

Clarification related to the misleading reports of purported feedback sought on raising GST Rates on 143 items

Clarification related to the misleading reports of purported feedback sought on raising GST Rates on 143 items

Posted On: 25 APR 2022 8:19PM by PIB Delhi

It has been noted that a section of the media has reported that feedback has been sought from States regarding a suggestion for raising Good & Services Tax (GST) rates on 143 items.

Some reports have even carried the number and description of items. It is clarified that no feedback from States has been sought on the GST rates for any specific items or specific proposals to restructure the rates and the reports regarding the same are purely speculative without any basis in fact.

The GST Council, in its 45th Meeting had formed a Group of Ministers (GoM) to look into the rationalization of rates. The deliberations of the Group are ongoing. The views of the States were sought generally on the Terms of References (ToRs) of the GoM soon after it was set up in September, 2021. A report of the Group is yet to be submitted to the Council for consideration.

****

Also See:

newsonline

Recent Posts

IAMAI Announces the Milestone Tenth Edition of the India Affiliate Summit

The highly anticipated 10th edition of India Affiliate Summit (IAS), the premier affiliate marketing event…

17 hours ago

How Bajaj Finserv Multi Asset Allocation Fund helps you balance risk and reward

In today's investment world, characterized by market uncertainties and fluctuating interest rates, finding a reliable…

20 hours ago

Scholars Merit Launches Innovative Solutions – TaskOne, WebOne & CloudOne – for IT Professionals & Businesses

Scholars Merit, a dynamic IT consultancy firm headquartered in Noida, specializing in services such as…

3 days ago

Scholars Merit Launches Innovative Solutions – TaskOne, WebOne & CloudOne – for IT Professionals & Businesses

Scholars Merit, a dynamic IT consultancy firm headquartered in Noida, specializing in services such as…

3 days ago

Scholars Merit Launches Innovative Solutions – TaskOne, WebOne & CloudOne – for IT Professionals & Businesses

Scholars Merit, a dynamic IT consultancy firm headquartered in Noida, specializing in services such as…

3 days ago

Deepak Fertilisers Reports Impressive Growth & Margin Expansion

Deepak Fertilisers and Petrochemicals Corporation Limited, one of India's leading producers of industrial & mining…

3 days ago