GST Council Revamp: New Ministers to Join Key Groups
The GST Council is set to undergo significant changes with the induction of new ministers from 11 states, necessitating the reconstitution of three key Group of Ministers (GoM).
Gst CouncilGroup Of MinistersNirmala SitharamanGst Revenue AnalysisReal Estate SectorReal Estate MaharashtraJun 23, 2024
Frequently Asked Questions
What is the GST Council?
The GST Council is a constitutional body that decides on GST rates, exemptions, and other related issues.
Why is the GST Council undergoing changes?
The GST Council is undergoing changes due to the induction of new ministers from 11 states, necessitating the reconstitution of three key Group of Ministers (GoM).
What are the three key GoMs being reconstituted?
The three key GoMs being reconstituted are focused on GST revenue analysis, boosting the real estate sector under GST, and implementing system reforms.
Who is the convenor of the GoM on GST rate rationalisation?
The convenor of the GoM on GST rate rationalisation is Bihar Deputy Chief Minister Samrat Chaudhary.
Which states will see new entrants in the GoM on real estate?
The states of Assam and Chhattisgarh will see new entrants in the GoM on real estate.
Related News Articles
Property Registration Scandal: 796 Documents Under Scrutiny for Violating Real Estate Laws
The registration department is investigating 796 property registration documents for non-compliance with real estate regulations, sparking concerns among developers and buyers.
Maharashtra Weather Alert: Heavy Rainfall Expected in Mumbai, Pune, and Other Districts
IMD issues yellow alert for Mumbai, red alert for Palghar and Pune; heavy to very heavy rainfall expected in the next 24 hours
Nagpur Townships Inspected by State-Appointed Panel, Issues Persist
A state-appointed panel inspected several townships in Nagpur, Maharashtra, but issues related to water supply, irrigation clearance, and inspection delays remain unresolved.
Indore Sees 12.8% Rise in Property Revenue During Festive October
The city of Indore recorded a significant 12.8% increase in property revenue during the festive season in October. According to Balkrishna More, the Deputy Inspector General of Registration for the Indore region, the surge in real estate activity can be a
Arvind Gurumurthy: A Renowned Legal Expert in M&A, Private Equity, and Corporate Law
Arvind Gurumurthy, a distinguished legal professional, has made significant contributions in the fields of M&A, private equity, and corporate law. With a successful seven-year tenure as Partner at Kochhar & Company, Arvind has extensive experience in hand
Arthur Laffer Buys $87,156 in NexPoint Diversified Real Estate Trust Stock: A Bullish Signal?
Arthur Laffer, the director of NexPoint Diversified Real Estate Trust (NXDT), has made a significant purchase of $87,156 in company stock. This move could signal his confidence in the company's future performance. Investors should consider this as a potential indicator of a bullish market play.