#non-essential items

GST hike in non-essential items ruled out

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The government has ruled out any Goods & Services (GST) hike for non-essential goods. It has also said ‘no’ to monetisation of deficit, for now.

The GST Council, that meets once in three months, is scheduled to meet before June 14.

As both the Centre and the States are facing a severe revenue crunch, there were speculations that some rate rejig could be done, especially on…

GST Council to meet next month; Finance ministry not for raising rates on non-essential items

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New Delhi: The finance ministry is not in favour of increasing goods and services tax rates on non-essential items in the next month’s meeting of the GST Council, despite depressed revenue collections due to the nationwide lockdown to contain the spread of COVID-19. If goods and services tax (GST) rates are increased on non-essential items, sources said it will further bring down their…

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