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

Why Bollywood Is Releasing More Character Posters Before Movie Trailers

The way Bollywood promotes films has undergone a remarkable transformation over the past decade. Earlier,…

15 hours ago

Why Bollywood Is Paying More Attention to Audience Reviews Than Critics in 2026

The Bollywood film industry has experienced a significant transformation in how success is measured. For…

2 days ago

Rotary Club Chandigarh Midtown marks historic leadership transition during Golden Jubilee yea

Highlighting the growing role of women in leadership, Rotary Club Chandigarh Midtown (District 3080) witnessed…

3 days ago

Why Bollywood’s Behind-the-Scenes Documentaries Are Becoming Popular Among Movie Fans

Bollywood has always fascinated audiences with its larger-than-life stories, glamorous stars, breathtaking locations, and memorable…

3 days ago

How Bollywood Casting Announcements Have Become Major Marketing Events Before a Film Even Begins Shooting

The way Bollywood promotes its films has changed dramatically over the past decade. There was…

5 days ago

How Bollywood Stars Are Building Personal Brands Beyond Acting

The definition of success in Bollywood has changed dramatically over the past decade. There was…

6 days ago