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

Since its launch in 2017, GST has achieved much of its intended purpose—simplifying compliance, reducing the cascading effect of taxes, and creating a unified national market.

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 ...

Why it matters: Simplifying GST could ease compliance for millions of businesses, boost disposable incomes, and stimulate ...

GoM approves two-slab GST structure at 5% and 18%, simplifying tax regime under Nirmala Sitharaman's leadership for household savings and business ease.

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

India’s GST rates are on a downward path. From 15.3 percent in 2017 to a projected 9.5 percent by FY27, once the ongoing ...

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

A Group of Ministers has proposed a full exemption of 18% GST on life and health insurance premiums for individuals in India. While this could lower costs for policyholders, insurers' loss of input ...

Insurers presently avail input tax credit on significant backend costs such as insurance commission, re-insurance, technology ...

India's equity benchmarks rose for a sixth straight session on Thursday, boosted by financial shares that jumped on a ...

India adopted the GST in 2017, sweeping in more than a dozen domestic state taxes in a bid to unify the economy on the ...