A Group of Ministers (GoM) has accepted a proposal to streamline the GST rate structure, reducing it from four slabs to two. The existing 12% and 28% ...

A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre's plan to reduce the number of tax slabs.

GoM approves streamlining GST rates to a simplified 5% and 18% two-slab structure, eliminating 12% & 28% slabs.

With GST rate rationalisation, the tax on cars, two-wheelers, three-wheelers, trucks and buses will reduce to 18% from 28%.

Andhra Pradesh High Court held that GST is not leviable on ocean freight charges, accordingly, refund of GST paid on ocean ...

The Centre has proposed exempting life and health insurance policies for individuals from the ambit of GST, the head of a panel of minister.

Steps following up on Prime Minister Narendra Modi's Independence Day announcement of rationalising the indirect tax regime ...

The GST Council is expected to approve the shift in the coming weeks, with a new 40% slab reserved for sin goods such as ...

According to the plan, 99% of items taxed at 12% will shift to the lower 5% slab, while nearly 90% of items currently in the ...

Businesses have to cope with existing stock and related issues when a new GST rate structure is enforced. It can lead to confusion and possible losses. However, anticipating potential downsides will h ...

A panel of Indian state ministers on goods and services tax (GST) has proposed exempting tax on health and life insurance ...

India’s GST rates are on a downward path. From 15.3 percent in 2017 to a projected 9.5 percent by FY27, once the ongoing 2-tier rate rejig is put into effect, effective tax rates will ease, ...