the 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, on Saturday made some key recommendations to provide relief to individuals and businesses. The Council ...

GST Council Meeting Highlights: The 55th GST council meeting, chaired by Finance Minister Nirmala Sitharaman, announced several significant tax reforms on Saturday. The council approved GST ...

Speaking at the event, the FM emphasized the collaborative spirit in the GST Council, where finance ministers from diverse states unite for a common goal: raising revenues without burdening citizens.

Further discussions will take place in the next GST Council meeting to address crucial aspects, including rate reductions, slab restructuring and overall rationalisation. Responding to concerns ...

Consistent good growth in GST collections from domestic sources is likely to nudge the GST Council to effect a rate rejig in its next meeting. The Council is supposed to meet once in three months ...

Indian Government has clarified there are no current plans to reduce import duties on lifesaving medical equipment. Most medical devices attract a basic customs duty (BCD) ranging from 7.5% to 10%, ...

The Goods and Services Tax (GST) Council is likely to introduce a uniform 5 percent GST rate on all commercial-use drones in its upcoming meeting, according to a Business Standard report citing ...

The panel’s recommendations could figure in the next GST Council meeting. Among large state economies, Uttar Pradesh reported a 10% annual jump in GST revenue receipts in March, while ...

The GST Council’s decision to impose a uniform 18 per cent tax on the sale of old and used vehicles is set to shake up India’s pre-owned car market. Previously, the tax ranged from 5 per cent ...

Finance minister Nirmala Sitharaman has been at the centre of GST-related jokes before. After the GST council meeting last year, social media erupted with memes. One user wrote on X: 5% GST on salted ...