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

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

The GoM supports simplifying GST to two main slabs (5% and 18%) with a special 40% rate for demerit goods. Members want to ...

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

GST exemption for insurance for individuals is expected to result in an annual revenue loss of around Rs 9,700 crore, he ...

The Group of Ministers on GST rate rationalisation concluded with states agreeing to restructure the indirect tax system. The ...

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 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.

A Group of Ministers has backed the Centre’s proposal to scrap the 12% and 28% GST slabs, with Bihar Deputy CM Samrat Choudhary saying the move will now go to the GST Council for a final decision.

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 ...

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.