Union Finance Minister Nirmala Sitharaman also addressed the GoMs and explained the Centre’s proposals on GST, which include ...

The GST GoM supports simplifying GST with two rates (5%, 18%) and a special rate for demerit goods. Concerns arise over ...

PM’s announcement of next-gen GST reforms by Diwali has generated immense optimism in business, and been cheered by markets.

In a key meeting held on Thursday, the panel of state ministers accepted the Centre’s plan to reduce the four-rate system to ...

The GoM of state finance ministers has endorsed the Centre's proposal for a two-tier GST structure, recommending it to the ...

Six days ago, Prime Minister Narendra Modi, in his Independence Day address, announced the next big phase of reforms under ...

The Group of Ministers (GoM) on Rate Rationalisation, formed by the Goods and Services Tax (GST) Council, has decided to accept the Centre’s two-rate structure proposal for GST and will be ...

According to the plan, 99% of items taxed at 12% will shift to the lower 5% slab, while nearly 90% of items currently in the ...

The highly anticipated Goods and Services Tax (GST) reforms proposal inched closer to turn into a reality after the Group of Minister (GoM) approved the Centre's proposal. The GoM on Thursday approved ...

GST exemption for insurance for individuals is expected to result in an annual revenue loss of around Rs 9,700 crore, he ...

The recommendation comes after the Central Government, on August 15, put forward a major GST reform plan focusing on mainly three areas - structural changes, rate simplification, and ease of living.

Telangana Deputy CM Mallu Bhatti Vikramarka also confirmed that the GoM proposed a complete exemption on health and life ...