Categories: Business

Reports on states’ feedback for GST hikes ‘purely speculative’: Govt

.

New Delhi, April 25 (MondayMirror.com) The Centre on Monday clarified that no feedback from the states were sought on the GST rates for any specific items or specific proposals to restructure the rates and the media reports regarding the same are “purely speculative” and without any basis.

According to a Ministry of Finance statement, a section of the media has reported that feedback has been sought from states regarding a suggestion for raising Good and Services Tax (GST) rates on as many as 143 items.

Some reports have even carried the number and description of the items, the statement said, adding that the GST Council, in its 45th meeting, had formed a Group of Ministers (GoM) to look into the rationalisation of rates and its deliberations 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.”

Source: IANS

G7 Newz

Recent Posts

Writer Mubarak Sandhu releases podcast magazine

An annual magazine covering the whole year of his podcasting journey, the second edition -…

47 minutes ago

ISAAC Luxe Launches New Skin Clinic in Mohali, Chandigarh Region

Mohali: ISAAC Luxe, a premium medical aesthetics and wellness brand, has expanded its national presence…

2 days ago

Punjab and Punjabi neglected in PCS prelims exam: Misl Satluj

Chandigarh: The youth wing of Misl Satluj, a prominent socio-political organisation, has raised concerns over…

3 days ago

Amruta Khanvilkar to Star in Neeraj Pandey’s Netflix Series Taskaree with Emraan Hashmi

Mumbai: Actress Amruta Khanvilkar will soon appear in a new Netflix web series titled Taskaree,…

3 days ago

Manushi Chhillar Shares Morning Skincare and Makeup Routine on YouTube

Mumbai: Actress Manushi Chhillar recently took to YouTube to share a rare glimpse into her…

3 days ago

Paper Trails Literary Fest 2025 Brings Together Top Children’s Authors and Storytellers

Chandigarh: Renowned children’s book authors and storytellers have come together for the Paper Trails Literary…

4 days ago