Individual incomes have been growing slower than inflation in India, leading to sharp slump in consumption. Reduction in GST, ...

Finance Secretary Tuhin Kanta Pandey emphasized the need for GST rate rationalization after gaining implementation experience. A GST Council group is tasked with suggesting rate changes and slab ...

This is a two-part series article in which the first part will discuss the Current GST Rate Structure and the Challenges in ...

Notably, three back-to-back GST Council meetings were held, each serving as a platform for critical decisions aimed at addressing long-standing concerns of the taxpayers. These meetings saw ...

Infibeam Avenues reported a 50% year-over-year increase in profit to Rs 64.4 crore in the quarter ended December 2024.

The GoM had also suggested lowering the GST rate on all individual health insurance policies to 5%, without the option of ITC ...

Additionally, the finance minister highlighted that there has been a significant decrease in GST rates, decreasing from 15.8% ...

Insurers argue that a complete exemption will lead to denial of input tax credit and the increased costs will have to be ...

CBIC regularizes rate disputes on popcorn categories, clarifies GST rates based on ingredients and packaging, resolving ...

Finance Minister Nirmala Sitharaman on Tuesday informed the Rajya Sabha that indirect tax under the Goods and Services Tax ...

Sitharaman was answering question raised by AITC MP Nadimul Haque on reforms under GST and if govt was planning to simplify ...