The Goods and Services Tax (GST) Council is unlikely to take up rationalisation of tax slabs or tax rates in its next meeting, scheduled to be held in March. It, however, is likely to address the ...

Tax experts have broadly welcomed the Centre’s proposal for a two-tier GST rate structure, saying it will simplify the system and boost consumption while cautioning that critical issues such as ...

The Finance Ministry has said that the Central Government has sent its proposal on GST rate rationalisation and reforms to the Group of Ministers (GoM) constituted by the GST Council to examine this ...

The Goods and Services Tax Council is likely to meet in September or October to discuss the next generation of reforms in the indirect tax levy, which includes the Centre’s proposal to rationalise ...

Industry sees a single 5 per cent slab across textiles as crucial to ease inverted duty pain, free up cash, and revive growth momentum As the Modi government is preparing for a fresh round of changes ...

New Delhi: Under its latest rate rationalization exercise packaged as next-gen reforms, the GST Council has proposed to bring down medical devices under the 5 per cent bracket of the new two-titer ...

On need to bring fuel under GST system to prevent consumers from facing high fuel prices, Bajaj said that this segment constitutes a large part of revenue generation for both the Centre and states so ...

The Goods and Service Tax (GST) Council, which will meet in New Delhi on Friday, may discuss deferment of hike on GST rates on textiles and footwear from 5% to 12% and give more time to the group of ...

The group of ministers (GoM) reviewing the goods and services tax (GST) rates will meet virtually on Friday to discuss the proposed rejig in tax slabs, even as it may seek six more months to finalise ...

The Goods and Services Tax (GST) Council has finally spoken its mind about the GST 2.0 package of reforms mooted by the Centre and earlier adopted by the Group of Ministers (GoM) tasked with the work ...