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

GoM approves two-slab GST structure at 5% and 18%, simplifying tax regime under Nirmala Sitharaman's leadership for household savings and business ease.

Experts said the move to exempt GST on health and life insurance premiums would provide significant relief to households.

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 ...

GoM supports Centre's proposal to simplify GST slabs, but opposition states seek clarity on revenue loss and compensation measures.

GST GoM approves Centre’s proposal to replace 4-tier system with 5% and 18% slabs; luxury goods to face 40% tax.

The panel is tasked with reviewing the Centre’s proposal to move 99 per cent of goods currently taxed at 12% to the 5% slab and 90 per cent of goods and services in the 28% slab to the 18% bracket.

The GoM on GST rate rationalisation has accepted the Centre’s proposal to collapse 12% and 28% slabs into a two-slab structure of 5% and 18%, with 40% on luxury and sin goods.

Bihar Deputy Chief Minister Samrat Choudhary, who is the convenor of the GoM on rate rationalization, said the GoM has ...

Led by Bihar Deputy Chief Minister Samrat Choudhary, the six-member GoM agreed to streamline the present four-tier GST system into a simpler two-tier model — 5 per cent for merit goods and services ...

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

Finance Minister Nirmala Sitharaman said on Wednesday that changes in the GST structure will bring relief to common people, farmers, the middle class, and small businesses (MSMEs). Under this reform, ...