Explainer: What the GST Council's GoM on rate rationalisation is, how it works, who its members are, and how its decisions ...

The GoM supports simplifying GST to two main slabs (5% and 18%) with a special 40% rate for demerit goods. Members want to ...

The Group of Ministers (GoM) on Rate Rationalisation, formed by the Goods and Services Tax (GST) Council, has decided to accept the Centre’s two-rate structure proposal for GST and will be ...

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

"We have supported the two proposals by the Govt of India of scrapping GST slabs of 12 per cent and 28 per cent," Choudhary said after attending a meeting of the Group of Ministers (GoM) with Union ...

Finance Minister Nirmala Sitharaman to explain Centre's plan for two GST slabs of 5 per cent and 18 per cent, with a 40 per ...

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 ...

GoM accepts Centre''s proposal for two GST slabs: 5% & 18%. 12% & 28% slabs to be removed. Impact on luxury & sin goods ...

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

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.

The recommendation comes after the Central Government, on August 15, put forward a major GST reform plan focusing on mainly three areas - structural changes, rate simplification, and ease of living.

The proposal has received similar recommendations from the GoM. However, a few state ministers have proposed an additional cess on top of the 40 per cent GST slab ...