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Led by Bihar Deputy Chief Minister Samrat Choudhary, the six-member GoM agreed to streamline the present four-tier GST system ...
The government’s proposal on this matter is likely to be discussed in the forthcoming GST Council meeting to be held next ...
Trump's claim on India falls flat: US embassy denies $21 million USAID claim for voter turnout; MEA confirms in Rajya Sabha ...
States have asked the Centre to provide an estimation of revenue loss and a roadmap on how such losses will be compensated.
GoM approves two-slab GST structure at 5% and 18%, simplifying tax regime under Nirmala Sitharaman's leadership for household savings and business ease.
Experts said the move to exempt GST on health and life insurance premiums would provide significant relief to households.
The proposal has received similar recommendations from the GoM. However, a few state ministers have proposed an additional cess on top of the 40 per cent GST slab ...
GoM supports Centre's proposal to simplify GST slabs, but opposition states seek clarity on revenue loss and compensation measures.
GST GoM approves Centre’s proposal to replace 4-tier system with 5% and 18% slabs; luxury goods to face 40% tax.
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.
The GoM on GST rate rationalisation has accepted the Centre’s proposal to collapse 12% and 28% slabs into a two-slab structure of 5% and 18%, with 40% on luxury and sin goods.
Bihar Deputy Chief Minister Samrat Choudhary, who is the convenor of the GoM on rate rationalization, said the GoM has ...