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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 suggested raising GST on high-end shoes and wrist watches to 28%. These changes could generate additional revenue of Rs 22,000 crore, aiming to balance revenue while offering relief on essential items.
The Group of Ministers (GoM) on GST rate rationalisation proposed reducing GST on packaged drinking water bottles, bicycles, and exercise notebooks to 5%. They suggested raising GST on high-end shoes and wrist watches to 28%. These changes could generate additional revenue of Rs 22,000 crore, aiming to balance revenue while offering relief on essential items. 
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