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

NEW DELHI: The Centre has proposed exempting individual life and health insurance premiums from the 18% goods and services tax (GST), a move that received positive response from a panel discussing the ...

The highly anticipated Goods and Services Tax (GST) reforms proposal inched closer to turn into a reality after the Group of Minister (GoM) approved the Centre's proposal. The GoM on Thursday approved ...

Group of Ministers in Bihar endorse Centre's GST proposal, with new 40% slab and limited 28% goods, for rate rationalisation.

GST assesse, registered in Mumbai and surrounding areas can file GSTR3B for July till August 27, a notification from the Central Board of Indirect Taxes and Customs (CBIC) said on Thursday. As per ...

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.

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

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

The rising bond yields reflects investors pricing in near-term fiscal concerns and potential revenue loss due to GST reforms.(Image: Pixabay) Indian government bond yields edged higher on Thursday, ...

End-of-year bulk orders may not reduce GST liability immediately. Learn about GST ITC, Input Tax Credit, GSTR-3B, delivery-based credit, business accounting, tax compliance, and ITC eligibility rules.

The six-member panel, led by Bihar Deputy Chief Minister Samrat Choudhary, agreed to phase out the current four-tier framework of 5, 12, 18 and 28 per cent.