Monetary policy committee member Saugata Bhattacharya said the proposed GST revamp will likely lower prices initially, but rising demand could trigger unpredictable second-round effects, making its ...

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

Indian Prime Minister Narendra Modi’s surprise move to lower consumption taxes within three months is set to spark tough negotiations with states, who will have to shoulder the bulk of the revenue ...

In the Rajya Sabha, except for The Bills of Lading Bill, 2025, which was passed without any disruption on the first day of the Monsoon session, the other bills were passed after some discussion amid ...

The panel is tasked with reviewing the Centre’s proposal to move 99 per cent of goods currently taxed at 12% to the 5% slab and 90 per cent of goods and services in the 28% slab to the 18% bracket.

Indian benchmark indices Sensex and Nifty advanced on Thursday, extending their rally to a sixth straight session as optimism ...

Bihar Deputy Chief Minister Samrat Choudhary, who is the convenor of the GoM on rate rationalization, said the GoM has ...

Led by Bihar Deputy Chief Minister Samrat Choudhary, the six-member GoM agreed to streamline the present four-tier GST system into a simpler two-tier model — 5 per cent for merit goods and services ...

The GoM of state ministers on GST rate rationalisation on Thursday accepted the Centre's proposal to move to a two-slab structure of 5 and 18 per cent. The six-member state ministerial panel has also ...

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

Meeting of the GoM on GST rate rationalisation on Thursday saw states endorsing the Centre’s proposal to streamline the indirect tax system ...

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.