CBIC Rejects Media Reports as Speculative on GoM’s GST Rate Recommendations

The Central Board of Indirect Taxes and Customs (CBIC) has rejected media reports regarding the group of ministers (GoM) recommendations on goods and services tax (GST) rate changes on various goods and services saying that such reports are premature and speculative. CBIC says that GST council has not received any recommendations of GoM and no GST rate changes have been deliberated.

 

“The GST Council has not yet deliberated on any GST rate changes. The Council has not even received the recommendations of the GoM. In fact the GoM has yet to finalise and present its recommendations to the Council after which the Council will take a final view on the recommendations of the GoM,” the Board says in a post on X. 

 

The GoM was constituted to look into the GST rate rationalisation apart from certain other issues referred by the GST Council. The GoM comprises of ministers from Bihar, Uttar Pradesh, Rajasthan, West Bengal, Karnataka and Kerala with the chief minister (CM) of Bihar as the convenor.

 

GST Council is chaired by the Union finance minister and ministers of all the states and Union territories (UT) that can recommend GST rates and changes while GoM is only a recommendatory body, it added.