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

Led by Bihar Deputy Chief Minister Samrat Choudhary, the six-member GoM agreed to streamline the present four-tier GST system ...

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

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

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 ...

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 ...

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.

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 ...

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 ...

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.