GoM decides to cut GST on 20-litre water bottles, bicycles to 5 pc; raise rate on shoes, watches

“On Saturday (October 19, 2024), the Group of Ministers (GoM) on GST rate rationalisation decided to lower tax rates on 20-litre packaged drinking water bottles, bicycles and exercise notebooks to 5%, but suggested raising taxes on high-end wrist watches and shoes,” an official said.  The rate rejig decision taken by the GoM on GST rate rationalisation under Bihar Deputy Chief Min…