A Group of Ministers (GoM) has accepted a proposal to streamline the GST rate structure, reducing it from four slabs to two.

NEW DELHI Finance minister Nirmala Sitharaman said on Wednesday that proposed GST rate rationalisation was aimed at providing greater relief to the co.

The GST Council is expected to approve the shift in the coming weeks, with a new 40% slab reserved for sin goods such as ...

The GST Council plays a major role in creating a harmonised tax structure and fostering a unified national market by ...

Businesses have to cope with existing stock and related issues when a new GST rate structure is enforced. It can lead to confusion and possible losses. However, anticipating potential downsides will h ...

A panel of Indian state ministers on goods and services tax (GST) has proposed exempting tax on health and life insurance ...

The proposal was put forward by the GST Group of Ministers (GoM) on insurance, which recommended that the exemption would ...

Finance Minister Nirmala Sitharaman on Wednesday said the next-generation GST reforms is a step towards making India ...

The biggest beneficiaries will be commoners, with GST reduced on all essential items, and SMEs, which will turn more ...

GoMs discuss Centre's 'next-gen' GST reforms, including 5% and 18% rates, with special 40% rate on select items.

These “next generation GST reforms” are aimed at making India Aatmanirbhar, she told to the GoM during a meeting, adding that ...

A GST exemption for life and health insurance in the upcoming reforms would translate into a revenue loss of ₹9,700 crore, ...