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 ...

The Finance Ministry has put forth a proposal about a simplified, two-tier Goods and Services Tax (GST) system with a ...

As per the Finance Ministry’s proposal to the GoM, the compensation cess will be replaced with a 40% slab on specified sin ...

The GoM of state finance ministers has endorsed the Centre's proposal for a two-tier GST structure, recommending it to the ...

GoM accepts Centre''s proposal for two GST slabs: 5% & 18%. 12% & 28% slabs to be removed. Impact on luxury & sin goods ...

In a significant move in the process of further simplifying India’s tax framework, the Group of Ministers (GoM) has ...

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 ...

GST exemption for insurance for individuals is expected to result in an annual revenue loss of around Rs 9,700 crore, he ...

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

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 ...

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 meets to discuss Centre's GST rate cut proposal. Focus on reducing tax slabs to 5% & 18%. Impact on consumers & MSMEs.