Denemek ALTIN - Özgür
GST Council sets up GoM on compensation cess
Millennium Post Delhi
|September 28, 2024
PANEL WILL SUBMIT REPORT BY DECEMBER 31
-
The Goods and Services Tax (GST) Council has set up a 10-member GoM, chaired by Minister of State for Finance Pankaj Chaudhary, to decide on the taxation of luxury, sin and demerit goods once the compensation cess ends in March 2026.
The Group of Ministers (GoM), which includes members from Assam, Chhattisgarh, Gujarat, Karnataka, Madhya Pradesh, Punjab, Tamil Nadu, Uttar Pradesh and West Bengal, will submit its report to the Council by December 31.
In the GST regime, compensation cess at varied rates is levied on luxury, sin and demerit goods over and above the 28 per cent tax. The proceeds from the cess, which was originally planned for five years after GST roll-out or till June 2022, were used to compensate states for revenue loss incurred by them post the introduction of GST.
Bu hikaye Millennium Post Delhi dergisinin September 28, 2024 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
Millennium Post Delhi'den DAHA FAZLA HİKAYE
Millennium Post Delhi
'Trying to make better choices'
Chitrangda Singh looked back at missed opportunities early in her career that led to some introspection and the determination to make better choices
2 mins
Delhi 11 January 2026
Millennium Post Delhi
North Korea accuses South of cross-border drone flights, warns of consequences
Since taking office in June, South Korean President Lee Jae Myung has pushed hard to reopen talks with North Korea and reconcile the rivals
1 mins
Delhi 11 January 2026
Millennium Post Delhi
Govt's long-term planning translating into tangible benefits for citizens: Hardeep Puri
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri highlighted that the government's long-term energy planning is translating into tangible benefits for citizens, stating that the real test of policy lies in how seamlessly it supports daily life rather than in announcements alone.
1 mins
Delhi 11 January 2026
Millennium Post Delhi
India at historic juncture despite tariff risks, says Shaktikanta Das
A self-reliant economy, with strong domestic capabilities, gives greater strength to sustain economic growth, Das, a former RBI governor, said
2 mins
Delhi 11 January 2026
Millennium Post Delhi
India emerges as global economic powerhouse, says Amit Shah
Union Home and Cooperation minister Amit Shah said that India has firmly positioned itself as a leading global economy, citing major achievements in manufacturing, exports, digital transactions and innovation under the current government.
1 mins
Delhi 11 January 2026
Millennium Post Delhi
'India will one day have hijab-clad woman as PM'
MUMBAI: AIMIM chief Asaduddin Owaisi has said a hijab-clad woman would one day become India's prime minister as the country's Constitution accords equal status to people from all communities, unlike in Pakistan where members of only one religion can occupy the top constitutional posts.
1 min
Delhi 11 January 2026
Millennium Post Delhi
Congress demands CBI completes Ankita murder probe in six months
The Congress on Saturday sought Uttarakhand Chief Minister Pushkar Singh Dhami’ resignation, alleging his government was protecting the accused VIPs in Ankita Bhandari’s murder, and demanded that the CBI probe be completed within six months under the supervision of a sitting judge.
1 min
Delhi 11 January 2026
Millennium Post Delhi
Madhya Pradesh boosts engineers' capacity to meet 2047 development goals
CM Yadav launches a major capacity-building initiative for Public Works Department
2 mins
Delhi 11 January 2026
Millennium Post Delhi
Woman shot dead; police suspect link to husband's 2023 murder
A 44-year-old woman was shot dead in northwest Delhi's Shalimar Bagh on Saturday, with police suspecting the killing to be linked to the 2023 murder of her husband, a case in which the prime accused is still absconding, an official said.
1 min
Delhi 11 January 2026
Millennium Post Delhi
Union Budget will further pave way for Haryana's progress, says CM Saini
A pre-Budget meeting was held today in New Delhi under the chairpersonship of Union Finance Minister Nirmala Sitharaman, with the Finance Ministers of all States and Union Territories (including members of the legislative bodies).
1 min
Delhi 11 January 2026
Listen
Translate
Change font size