New Delhi, Aug 21, 2025 (ANI): After attending a meeting of the Group of Ministers (GoM) with Union Finance Minister Nirmala ...

A crucial meeting of the GoM of state finance ministers on GST rate rationalisation began on Thursday as they started deliberation on the Centre's proposal to reduce tax slabs to 5 and 18 per cent.

Led by Bihar Deputy Chief Minister Samrat Choudhary, the six-member GoM agreed to streamline the present four-tier GST system ...

The GoM supports simplifying GST to two main slabs (5% and 18%) with a special 40% rate for demerit goods. Members want to ...

Though the GoMs favoured the Centre’s slab rejig plan, which will benefit the common man, some members wanted ultra-luxury items, like high-end cars, to be subject to an additional levy on top of ...

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 ...

The proposal was put forward by the GST Group of Ministers (GoM) on insurance, which recommended that the exemption would make coverage more affordable and boost penetration in India’s market.

The Group of Ministers (GoM) on GST rate rationalisation on Thursday endorsed the Centre’s proposal to shift to a two-slab ...

GST exemption for insurance for individuals is expected to result in an annual revenue loss of around Rs 9,700 crore, he ...

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

Explainer: What the GST Council's GoM on rate rationalisation is, how it works, who its members are, and how its decisions ...

GoM supports Centre's proposal to simplify GST slabs, but opposition states seek clarity on revenue loss and compensation measures.