The Centre has proposed that only two slabs for Goods and Services Tax (GST) be retained - 5 per cent and 18 percent - as per sources. Under this proposal, 90 per cent of the items in the 28 per cent ...
As the Union Budget 2026 approaches, expectations are rising for meaningful reforms in personal taxation, savings incentives ...
The Goods and Services Tax (GST) Council's fitment committee, which is made up of central and state officials, is looking into the possibility of eliminating some of the rates, especially the 12 per ...
Today (August 21), the Centre has approved GoMs' proposal on rate rationalisation, insurance taxation, and compensation cess. The government has given a green signal to the GST revamp plan with slabs ...
The central government is planning a major change in the Goods and Services Tax (GST) structure, according to media reports. Under the proposal, there will be only two main GST slabs i.e. 5 per cent ...