Telangana supports GST rate rationalisation with a compensation mechanism, proposing either continued compensation cess for states or raising GST rates on luxury goods. Ensuring state revenue ...

Indian benchmark indices Sensex and Nifty advanced on Thursday, extending their rally to a sixth straight session as optimism ...

The government is moving towards a major simplification of the Goods and Services Tax (GST) system. In a recent Group of Ministers (GoM) meeting, a consensus was reached to reduce the existing ...

Finance Minister Nirmala Sitharaman said on Wednesday that changes in the GST structure will bring relief to common people, ...

The government has realised it would be unfair and unwise to hike taxes while doing nothing to rein in spending.

With GST rate rationalisation, the tax on cars, two-wheelers, three-wheelers, trucks and buses will reduce to 18% from 28%.

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 ...

The recommendation comes after the Central Government, on August 15, put forward a major GST reform plan focusing on mainly three areas - structural changes, rate simplification, and ease of living.

FM makes presentation on GenNext GST reforms to GoMs from States; GoM on insurance proposes exemption on health, life ...

Health insurance is meant to bridge that gap, but the reality is different. Premiums for senior citizens are already steep, and an additional 18% Goods and Services Tax (GST) only makes them heavier.

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