Finance Minister Nirmala Sitharaman announced that the GST Council is nearing a decision on simplifying and reducing GST ...

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

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

The GST Council, led by Finance Minister Nirmala Sitharaman, plans to simplify and lower tax rates as the review nears ...

The GoM had also suggested lowering the GST rate on all individual health insurance policies to 5%, without the option of ITC ...

The government had set up a ministerial panel, the Group of Ministers (GoM), to examine GST rate rationalisation.

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

The Narendra Modi government plans to streamline the GST framework after making significant changes to personal income tax ...

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.

Finance Minister Nirmala Sitharaman has announced that under the new income tax regime, nil tax slab has been raised from ₹7 ...

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

Also, while just 32 million taxpayers are the beneficiaries of the I-T concessions, reduction in GST rates is bound to impact almost the entire population. It would also help keep inflation in check ...