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 ...

A Group of Ministers (GoM) has accepted a proposal to streamline the GST rate structure, reducing it from four slabs to two. The existing 12% and 28% ...

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 ...

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.

The Group of Ministers on Thursday accepted the Central government's plan to replace current GST rates of 12% and 18% for most items with a much-lower 5% and 18% slabs, as well as a steep 40% levy on ...

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.

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

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

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 ...

The GoM on GST has backed the Centre’s plan to scrap 12% and 28% slabs, moving to a two-rate system, and supported tax relief on insurance despite revenue concerns., Economy, Times Now ...

Explainer: What the GST Council's GoM on rate rationalisation is, how it works, who its members are, and how its decisions ...

The Group of Ministers (GoM) on Thursday, August 21, accepted the proposal to move to 5% and 18% Goods and Services Tax (GST) slab structure proposed by the Centre. Read on: ...