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FITMENT PANEL
ET Prime Special Series: Multibagger or IBC - Part 60: This auto ancillary built its empire on one family. Can it survive the EV test?It began life making bicycle parts in Gujarat, the changed its name and business. That created scale, stability, and growth. A single custo...- How much were salary hikes in 6th vs 7th Pay Commission, and what can be payout rise in 8th CPC?8th pay commission: Government employees and pensioners are keenly awaiting the 8th Pay Commission's recommendations, hoping for a signific...
- 8th Pay Commission's key terms get Cabinet nod; implementation likely from January 2026The Union cabinet has approved the terms for the eighth central pay commission. This commission will revise salaries and pensions for milli...
- Fitment panel clears two-slab GST structureThe GST Council is set to consider a proposal for a simplified two-slab GST structure of 5% and 18%, along with a 40% rate for sin and luxu...
- How much DA hike can central government employees expect from January this year?The government is likely to announce a Dearness Allowance hike for central government employees and pensioners, effective January 1, 2025, ...
- Min panel may propose 5% GST with ITC benefit on term plansA ministerial panel is considering a 5% GST with input tax credit on term insurance plans. The panel, headed by Bihar deputy chief minister...
- Rate rationalisation exercise: Luxe bags, cosmetic treatments may be moved to 28% GST SlabThe GST Council's GoM is considering moving 58 goods and 24 services, including luxury handbags, sunglasses, and cosmetic procedures, to a ...
- GST Rate Cut: Tax on several mass-use products may be reducedA ministerial panel on GST is considering reducing rates on essential items like medicines and tractors to 5%. Health and term insurance ma...
- Lower GST on insurance likely to come with capsThe committee is not in favour of a blanket GST exemption on life and health insurance premiums, said people aware of deliberations. It's l...
- GoM on GST rates favours retaining 4-slab structureThe Group of Ministers (GoM), after a meeting here on Thursday, tasked a committee of tax officials to look into the implication of carryin...
- GST Council to decide cement rate cut on February 18A team of officials working with India's Goods and Services Tax Council will decide cutting rates for cement on Feb. 18, the chairperson of...
- GST cut on cement may be put on fitment panel's table, says FMFinance minister Nirmala Sitharaman Tuesday indicated that industry's demand for trimming the 28% goods and services tax levy on cement, a ...
- GST dept may soon clarify on exemptions to IVF, tax on honorarium paid to guest anchorsA committee of tax officers from the Centre and states, referred to as the Fitment Committee, has informed the GST Council that healthcare ...
- GoM meet on GST rate rationalisation deferredThe Group of Ministers (GoM) on rate rationalisation, headed by Karnataka Chief Minister Basavaraj Bommai, also includes West Bengal Financ...
- Food delivery apps like Zomato & Swiggy, and Cloud kitchens may face GSTThe fitment committee, which comprises officers from various states that makes suggestions on tax rate changes, has recommended that the ec...
- GST committee recommends against lowering tax rate on vaccinesThe committee has recommended reduction in medical grade oxygen, oxygen concentrators and pulse oximeters to 5% from 12% till the end of Ju...
- Soon, Goa’s colleges will generate their own powerThe Goa Energy Development Agency (GEDA) has already carried out a feasibility report and has found the college buildings suitable for the ...
- Fitment panel rules out GST cut for auto, consumer durables or biscuitsThe fitment panel has blamed the current liquidity crisis and troubles of NBFCs for auto sector slowdown.
- States to test GST cashback for payments via Rupay, BHIM appThe GST Council also decided to set up a Group of Ministers (GoM) under Minister of State of Finance Shiv Pratap Shukla to look into the is...
- 7th Pay Commission: Minimum pay hike unlikely, says reportThe government staff unions have been demanding that their minimum pay is hiked to Rs 26,000 from Rs 18,000 that was defined on recommendat...
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