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 ...

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 ...

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

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% ...

The GST Council, which includes representatives from both the central and state governments, meets regularly to review tax ...

(a) the recommendations of GoM constituted by GST Council on the issue of insurance premiums which endangers social security of the ordinary people and insurance penetration to the common masses; (b) ...

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

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

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