GoM meets to discuss Centre's GST rate cut proposal. Focus on reducing tax slabs to 5% & 18%. Impact on consumers & MSMEs.

The Group of Ministers on Thursday accepted the Central government's plan to replace current GST rates of 12% and 18% for most items with a much-lower 5% and 18% slabs, as well as a steep 40% levy on ...

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 ...

Tax experts believe the exemption could improve affordability but caution that expectations of a full 18% premium cut are ...

A proposal has been made to exempt premiums for life and health insurance from Goods and Services Tax (GST), a move that could bring down costs and boost insurance penetration.

With GST rate rationalisation, the tax on cars, two-wheelers, three-wheelers, trucks and buses will reduce to 18% from 28%.

The highly anticipated Goods and Services Tax (GST) reforms proposal inched closer to turn into a reality after the Group of Minister (GoM) approved the Centre's proposal. The GoM on Thursday approved ...

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

The Group of Ministers (GoM) on rate rationalisation in its meeting on Thursday decided to take forward the Centre’s proposal ...

Hyderabad: Deputy Chief Minister and Minister of Finance and Energy Mallu Bhatti Vikramarka emphasized that a mechanism ...

Even if the September quarter earnings take a hit, analysts say the pent-up demand would lead to a solid earnings show in Q3 and Q4 as the benefits of the lower tax slabs spur consumption.

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