The GST Council’s decision to streamline India’s indirect tax regime is expected to reduce disputes over the classification of goods and services, offering relief to both industry and consumers. The ...

Presently, automobiles are taxed at 28 per cent, which is the highest GST slab. A compensation cess, ranging from 1 to 22 per cent, is levied on top of this rate, depending on the type of vehicle. A ...

Union Finance Minister Nirmala Sitharaman on Friday said that goods and services tax (GST) on popcorn had sparked significant debate in the past, particularly in Uttar Pradesh. "We were told about ...

There is persistence of dual treatment within the 5 percent slab. Taxation experts have cautioned that the carve-outs offered in rates, along with classification anomalies and unresolved input tax ...

On 79th Independence Day, the Ministry of Finance announced that the government is planning to move towards a 'simple tax' regime to rationalise the existing goods and services tax (GST) rates. The ...

Both sales tax and GST are indirect taxes, meaning they are charged on transactions (purchases) instead of income, and the cost is ultimately paid by the person who buys the final product. The ...

Union Finance Minister Nirmala Sitharaman on Friday said that goods and services tax (GST) on popcorn had sparked significant debate in the past, particularly in Uttar Pradesh. "We were told about ...