The potential tax restructuring, if approved, would involve scrapping two existing GST slabs and modifying rates for both ...

It isn't just small cars and two-wheelers, large sedans and SUVs too are likely to see a sharp reduction in prices as goods ...

The new system is a step towards a simpler mode in India's seven-year-old GST regime, originally conceived as a single ...

In a key meeting held on Thursday, the panel of state ministers accepted the Centre’s plan to reduce the four-rate system to ...

The Group of Ministers, a key decision-making panel on Goods and Services Tax (GST), has approved the Centre's proposal to ...

Since the beginning, the policy-makers knew that the Goods and Services Tax (GST) should have minimal slabs and rates. Yet, ...

Experts said the move to exempt GST on health and life insurance premiums would provide significant relief to households.

The Group of ministers (GoM) appointed for the upcoming Goods and Services Tax (GST) reforms has endorsed a major rate ...

The Group of Ministers on rate rationalisation endorsed the Centre’s plan to introduce a simpler structure, replacing the ...

At present, Goods and Services Tax (GST) has four slabs of 5, 12, 18 and 28 per cent. While food items are either taxed at 0 or 5 per cent, luxury and sin goods are taxed at 28 per cent.

The six-member panel, led by Bihar Deputy Chief Minister Samrat Choudhary, agreed to phase out the current four-tier framework of 5, 12, 18 and 28 per cent.