In many countries, we pay consumption tax when we buy goods and services from businesses, which then remits the taxes to the government. Tax revenue is used by the government to fund essential ...

A well-structured, targeted tax relief system is crucial to enhance economic inclusivity, stimulate demand, and position India as a globally competitive market ...

Currently, GST is a four-tier tax structure with slabs at 5, 12, 18 and 28 per cent. Luxury and demerit goods are taxed at ...

GST, an indirect tax on the supply of goods and services in India, is currently applied at 18% on health and life insurance ...

And the delay will be longer than six months if the new States elected this summer fails to decide quickly whether GST should ...

POLICY & RESOURCES president Lyndon Trott has warned that GST will need to be higher than 5% to repair the States’ battered ...

CNG two-wheelers currently attract 28% GST, which the heavy industries wants to be reduced to an ‘appropriate level’. This indirect tax system has grown far too complex. A GST regime with ...

Finance Secretary Tuhin Kanta Pandey on Monday said enough experience has been gained with regard to implementation of GST and now the rates need to be rationalised in consultation with states.

FOPE expects rationalization of GST rates for pharma in Union Budget 2025: Nandita Vijayasimha, Bengaluru Tuesday, January 28, 2025, 08:00 Hrs [IST] The Federation of Pharma Entre ...