GoM Proposes To Raise GST On Luxury Shoes, Watches, Aims Revenue Boost By Rs 22,000 Cr

Saturday, 19 October 2024
The GoM proposed to increase the GST rate on wristwatches priced above Rs 25,000 from 18 per cent to 28 per cent.

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GoM Proposes To Raise GST 0n Luxury Shoes, Watches, Aims Revenue Boost By Rs 22,000 cr

The GoM members also decided to lower tax rates on 20-litre packaged drinking water bottles and bicycles to 5 per cent from 18 per cent.
Zee News on October 20, 2024

GoM proposes to slash GST on water bottles, bicycles; raise rate on shoes, watches

The Group of Ministers (GoM) on GST rate rationalisation proposed reducing GST on packaged drinking water bottles, bicycles, and exercise notebooks to 5%. They...
IndiaTimes on October 19, 2024

GoM Proposes To Raise GST On Luxury Shoes, Watches, Aims Revenue Boost By Rs 22,000 Cr

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