The Group of Ministers on rate rationalisation endorsed the Centre’s plan to introduce a simpler structure, replacing the ...

The new system is a step towards a simpler mode in India's seven-year-old GST regime, originally conceived as a single ...

The Group of Ministers, a key decision-making panel on Goods and Services Tax (GST), has approved the Centre's proposal to ...

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

A man has been arrested in Maharashtra's Thane district for his alleged role in a GST (Goods and Services Tax) credit fraud ...

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

When I was a young journalist in Bombay (now Mumbai), there was an event that evoked a lot of humour and pained resignation.

A Good and Simple Tax that's "simpler, more transparent" and which will "help us in curbing black money and corruption and ...

Flipkart and Amazon are in discussions with brands regarding the potential impact of the proposed GST reduction on demand.

At present, Goods and Services Tax (GST) has four slabs of 5, 12, 18 and 28 per cent. While food items are either taxed at 0 or 5 per cent, luxury and sin goods are taxed at 28 per cent.

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.

Under Centre’s proposed plans, government wants to reduce the current rate structure to just two slabs of 5 percent and 18 percent, removing 12 percent and 28 percent rate tiers.