whereas luxury and demerit goods fall under the highest slab. The GST Council advises the Union and state governments on various GST-related matters, such as determining which goods and services ...

With the GST rate rationalisation exercise in focus, sources tell CNBC-TV18 that the government is unlikely to introduce a ...

the second-highest ever. As per media reports, the Group of Ministers (GoM) on GST Rates Rationalisation has recently proposed a new slab of GST at 35% over and above the existing 4 slabs to ...

The highest 28 percent slab covers fewer than 50 items. In January, GST collections hit a nine-month high of Rs 1.71 trillion, up 10.9 percent year-on-year. The highest-ever monthly collection ...

Currently, Goods and Services Tax (GST) is a four-tier tax structure with slabs at 5, 12, 18 and 28 per cent. Luxury and demerit goods are taxed at the highest bracket of 28 per cent, while packed ...

Gross Goods and Services Tax (GST) collections surged to a record high of Rs 2.10 lakh crore in the month of April. The GST collection has also registered a 12.4 per cent year-on-year growth.

Discussions between Centre and states have taken place to undertake not just GST rate rationalisation but also simplify the structure, with a particular focus on doing away with the 12 per cent slab, ...

The GST revenues for November 2021 have been the second-highest ever since the introduction of GST, second only to that in April 2021, which related to year-end revenues and higher than last month ...

Under GST, essential items are either exempted or taxed at the lowest slab, while luxury and demerit items attract the highest slab. Luxury and sin goods attract cess on top of the highest 28 ...

Officials seek at least revision of the GST slab for such works to a lower one like 5%. "We pay GST not only for the Panjappur bus terminus work but even for the underground drainage (UGD ...