India's long-awaited overhaul of the Goods and Services Tax (GST) has taken a major step forward, with the Group of Ministers ...

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.

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 ...

Prime Minister Narendra Modi has proposed India's biggest tax reform in eight years to lower consumption levies on everyday ...

The GST Council is expected to approve the shift in the coming weeks, with a new 40% slab reserved for sin goods such as ...

After the PM's speech, the government later came out with details about the upcoming next-generation GST reform which is aimed at lowering tax rates for most daily use essential items, home appliances ...

Finance Minister Nirmala Sitharaman to explain Centre's plan for two GST slabs of 5 per cent and 18 per cent, with a 40 per ...

All two-wheeler makers would also benefit, with domestic players expected to gain more. However, such a move could impact GST ...

S&P does not think the Indian government would reform the GST “to the point that it would hit fiscal revenues”.

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 ...

As India prepares for its upcoming Goods and Services Tax (GST) reforms, the mobile phone industry is pushing for a major change that could impact buyers directly. The India Cellular & Electronics ...

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 ...