In a major policy move, Finance Minister Nirmala Sitharaman has signaled an upcoming reduction in GST rates, aligning with ...

According to the existing GST framework, hotels charging Rs 7,500 or more per room per day must apply an 18 percent GST on ...

India's GST structure is complex with multiple rates, needing simplification for better compliance and efficiency, suggests the IMF. Since GST's introduction, rate changes have reduced its effective ...

While EV vehicles that are sold in the market with Fixed batteries at taxed at 5%, standalone lithium-ion batteries that are ...

The Federation of Hotel & Restaurant Associations of India emphasised that the current practice of linking F&B taxation to ...

Finance Minister Nirmala Sitharaman said that the government is very close to taking a final decision on some very important ...

Jairam Ramesh emphasized that 2024 presents the right moment for GST 2.0, as the GST compensation cess is expected to meet ...

The Federation of Hotel & Restaurant Associations of India (FHRAI) has urged the government to delink GST on F&B services ...

Experts emphasize that certain industries, such as real estate, automobiles, and hospitality, have been adversely affected by ...

Goods and Services Tax (GST) Council is in the final stages of reviewing GST structure and a reduction of the levy would happen soon, union finance minister Nirmala Sitharaman, who chairs the ...

The GST Council has only simplified the tax structure and proposed a single rate of GST @ 18% on supply / sale of all old and used vehicles including electronic vehicles (EV’s). This is not a new tax ...

The government must take bold steps to correct the distortions. India’s multi-tiered GST structure needs rationalisation. A simple system with lesser slabs, as seen in countries like New Zealand ...