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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.

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

“We have supported the two proposals by the Govt of India of scrapping GST slabs of 12 per cent and 28 per cent,” Choudhary said after attending a meeting of the Group of Ministers (GoM) with Union ...

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

India adopted the GST in 2017, sweeping in more than a dozen domestic state taxes in a bid to unify the economy on the ...

Indian government bond yields rose above 6.5% as markets react to potential fiscal implications of the proposed Goods and Services Tax (GST) structure overhaul.

The final decision on these recommendations will be taken by the GST Council in its next meeting scheduled in September.

Andhra Pradesh High Court held that GST is not leviable on ocean freight charges, accordingly, refund of GST paid on ocean ...

India’s GST rates are on a downward path. From 15.3 percent in 2017 to a projected 9.5 percent by FY27, once the ongoing 2-tier rate rejig is put into effect, effective tax rates will ease, ...

Raamdeo Agrawal, chairman and co-founder of Motilal Oswal Financial Services, believes that while the Indian economy has been slowing, but recent reforms like the budget, monetary policy, and GST cuts ...

Why it matters: Simplifying GST could ease compliance for millions of businesses, boost disposable incomes, and stimulate ...