The GST Council is expected to approve the shift in the coming weeks, with a new 40% slab reserved for sin goods such as ...

India adopted the GST in 2017, sweeping in more than a dozen domestic state taxes in a bid to unify the economy on the ...

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 ...

Telangana supports GST rate rationalisation with a compensation mechanism, proposing either continued compensation cess for states or raising GST rates on luxury goods. Ensuring state revenue ...

All two-wheeler makers would also benefit, with domestic players expected to gain more. However, such a move could impact GST ...

Indian benchmark indices Sensex and Nifty advanced on Thursday, extending their rally to a sixth straight session as optimism ...

The recommendation comes after the Central Government, on August 15, put forward a major GST reform plan focusing on mainly three areas - structural changes, rate simplification, and ease of living.

That said, the Prime Minister’s speech has raised expectations. “If the rates are revised, it will encourage more customers ...

Sensex and Nifty are experiencing a significant upswing, propelled by a credit ratings upgrade from S&P and the Centre's planned Goods and Services Tax revamp ...

A Group of Ministers (GoM) has accepted a proposal to streamline the GST rate structure, reducing it from four slabs to two. The existing 12% and 28% ...

S&P does not think the Indian government would reform the GST “to the point that it would hit fiscal revenues”.

The government plans to restructure the GST on automobiles, moving from a four-slab to a mainly two-tier system. This change ...