GoM formed to decide on compensation cess
Under the GST regime, a compensation cess is imposed on luxury, sin, and demerit goods in addition to the 28% GST rate.
GST Council forms GoM on compensation cess; report expected by Dec 31
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.
GST Council Forms GoM To Determine Taxation On Luxury And Sin Goods Post-Cess
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 set up a GoM to decide the future course of the cess.
India's GST Council Forms GoM to Review Luxury Tax Post-Cess
The GST Council Secretariat has hinted in an office memorandum that the terms of reference of the GoM is to make a taxation proposal to replace compensation cess after its abolition. (Representative Image: DC)
GST Council sets up GoM on compensation cess, panel to submit report by Dec 31
Council has set up a 10-member GoM, headed by Minister of State for Finance Pankaj Chaudhary, to decide on the future of compensation cess. The Group of Ministers (GoM), which includes members from Assam,
GST Council forms 10-member GoM to decide on future of compensation cess, panel to submit report by Dec 31
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.
Oil1d
BSEE: 25% of GoM oil production shut-in ahead of Helene
BSEE estimates that about 25.25% of the current oil production is shut-in, down from yesterday's report of 29.18%.
Yahoo Finance1d
Almost a Third of GOM Oil Production Shut In Due to Hurricane Helene
In a statement posted on its website on Wednesday, the Bureau of Safety and Environmental Enforcement (BSEE) said its Hurricane Response Team continues to monitor Gulf of Mexico oil and gas activities ...
GoM decision on GST rate cut on life and health insurance deferred, next meet on Oct 19
During the October 19 meeting, the GoM will deliberate upon health insurance-related matters for senior citizens, life ...
Oil2d
BSEE: 29% of GoM oil production shut-in as Helene intensifies in the Gulf of Mexico
The storm intensified Wednesday, Sept. 25, and is expected to hit Florida’s Big Bend region on Thursday, Sept. 26, possibly ...
GoM on GST on health, life insurance premium to meet on Oct 19
The Ministerial panel to decide on lowering goods and services tax (GST) on health and life insurance premiums will have its ...
GST Council sets up GoM on compensation cess; panel to submit report by December 31
GST Council sets up GoM to decide on taxation of luxury, sin, and demerit goods post-compensation cess end in March 2026.
rediff.com1d
Consensus eludes GoM on GST rate rationalisation, over 100 items discussed
The Group of Ministers (GoM) on goods and services tax (GST) rate rationalisation, which convened in Goa on Wednesday, ...