Thursday, Mar 28 2024 | Time 16:52 Hrs(IST)
image
Business Economy


GoM formed to look into GST issues in lottery sector

New Delhi, Jan 16 (UNI) The Government on Wednesday constituted a seven-member group of ministers (GoM) to look into the goods and services tax (GST) related issues in the lottery sector.
Maharashtra Finance Minister Sudhir Mungantiwar will be the convenor of the GoM, a Finance Ministry statement said.
The panel would submit its report to GST Council in next meeting for its consideration.
The Group would analyse whether the disparity in tax structure on the same product be continued or a uniform rate be prescribed for both and whether private persons authorised by states are misusing the lower rate and getting enriched themselves at the cost of the state and suggest measures to curb it.
According to the Ministry, the GoM would also examine any other issue related to enforcement including the legal framework, so as to prevent evasion of tax on lottery and suggest appropriate tax rate to address the problem.
Kerala Finance Minister T M Thomas Isaac, West Bengal’s Amit Mitra, Assam’s Himanta Biswa Sarma, Punjab’s Manpreet Singh Badal, Karnataka’s Krishna Byre Gowda, Goa’s Panchayats Minister Mauvin Godinho and Arunachal Pradesh Taxes and Excise Minister Jarkar Gamlin are its members. CBIC joint secretary Manish Sinha would be the secretary of the GoM.
The panel was constituted in the wake of decision taken in the 32nd GST Council Meeting held on January 10, this year.
UNI SW RSA 1837
More News
Indian Oil dispatches its first packed LPG truck load from Sitarganj bottling unit

Indian Oil dispatches its first packed LPG truck load from Sitarganj bottling unit

28 Mar 2024 | 2:37 PM

New Delhi, Mar 28 (UNI) State-owned Indian Oil on Thursday rolled out the first truckload of packed LPG from the Indane bottling plant at Sitarganj in Uttarakhand.

see more..

GOCL signs MoU with Squarespace Builders

28 Mar 2024 | 12:00 AM

Hyderabad, Mar 27 (UNI) GOCL Corporation Limited (GOCL), a Hinduja Group company, on Wednesday said it has entered into a significant memorandum of understanding (MoU) with Squarespace Builders Private Limited, situated in Hyderabad, to initiate the strategic monetisation of around 264.50 acres of prime land located in Kukatpally.

see more..

CSIR-NIIST develops tech for biomedical waste disposal

27 Mar 2024 | 7:57 PM

Thiruvananthapuram, Mar 27 (UNI) In a first in the country, the CSIR-National Institute for Interdisciplinary Science and Technology (CSIR-NIIST) has developed an innovative technology for safe, sustainable and cost-effective management of biomedical waste.

see more..

Cyient partners with Deutsche Aircraft for design of rear fuselage section of D328eco

27 Mar 2024 | 7:54 PM

Hyderabad, Mar 27 (UNI) Cyient, a global Intelligent Engineering and Technology Solutions company, announced on Wednesday a strategic partnership with Deutsche Aircraft, a German original equipment manufacturer (OEM) located in Weßling, close to Munich.

see more..

Unicommerce launches AI tool UniGPT for e-commerce businesses

27 Mar 2024 | 7:22 PM

Kolkata, Mar 27 (UNI) Unicommerce, one of India’s leading e-commerce enablement SaaS platforms, has announced the launch of its pilot project, UniGPT.

see more..
image