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

GoM approves streamlining GST rates to a simplified 5% and 18% two-slab structure, eliminating 12% & 28% slabs.

The Group of Ministers (GoM) on GST rate rationalisation on Thursday endorsed the Centre’s proposal to shift to a two-slab ...

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

A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre’s plan to reduce the number of tax slabs.

The proposal has received similar recommendations from the GoM. However, a few state ministers have proposed an additional cess on top of the 40 per cent GST slab ...

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 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 (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 ...

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 ...

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.

A crucial meeting of the GoM of state finance ministers on GST rate rationalisation began on Thursday as they started deliberation on the Centre's proposal to reduce tax slabs to 5 and 18 per cent.