"I welcome it, but I think the masses deserve money in their hands. That means GST should have been cut, or taxes on petrol ...

The Goods and Services Tax (GST) has been a cornerstone of fiscal reform in India. The shift to GST aimed ... final prices of goods and services. GST rates range from 0 percent to 28 percent ...

As the central government gears up to tout the Union Budget 2025 on February 1, all eyes are on what Union Finance Minister ...

Summary: The Finance Bill 2025 presents significant updates in both direct and indirect taxes aimed at improving business ease, reducing litigation, and widening the tax base. Direct tax proposals ...

Finance Minister Nirmala Sitharaman stated on Tuesday that the GST Council is close to finalising a decision on tax rate ...

In terms of GST-specific amendments, Budget 2025 also focused on pre-deposit amounts for GST appeals, reducing penalties for E-way bill violations and introducing a 10% penalty for other infractions.

The Goods and Services Tax follows a four-tier structure with rates of 5%, 12%, 18%, and 28%. Essential items and packaged ...

The GST Council, chaired by Sitharaman and comprising her state counterparts, has set up a group of ministers (GoM) to ...

Finance Minister Nirmala Sitharaman announces the GST Council will soon decide on reducing GST rates and slabs, aiming for ...

The industry stakeholders are waiting in anticipation as there’s a question that is looming in everyone’s mind – Will Finance ...

Ajay Seth, Secretary, Department of Economic Affairs (DEA), said rather than promoting specific savings instruments, the ...

This indirect tax system ... a concessional rate, while luxury items and those of ‘sin’ consumption attracted higher rates. While this principle is unexceptional, India’s GST had two ...