Government consults stakeholders and expert GoMs to rationalize GST rates, reducing disputes and promoting transparent ...

The 56th Meeting of the GST Council, held at New Delhi on Wednesday, proposed a major indirect tax overhaul, restructuring the current regime into a simpler two-rate system. The revised rates will ...

GST Council Meeting Expectations: All eyes are on a key meeting of the all-powerful GST Council -- the government's top indirect tax rate-deciding body chaired by the finance minister -- scheduled ...

Shares of auto majors, including Hero MotoCorp, Maruti Suzuki India, Ashok Leyland, TVS Motor, and Bajaj Auto, rallied between 5% to 8% on Monday, driven by talks of major GST reforms. The proposed ...

Recently announced large-scale reduction/abolition in GST rates on certain commodities is likely to result in revenue-decrease through GST, which can be more than compensated by plugging loopholes ...

GST reforms were the central topic at a recent outreach event organised by THE WEEK in Chennai, where tax officials explained ...

Prime Minister Narendra Modi on Thursday said that the new Goods and Services Tax structure has eased the tax system, and alleged that the Congress-led regime before 2014 levied high tax rates even on ...

Exceeding ₹2.5 lakh B2B output tax liability under Rule 14A risks GST registration cancellation and ITC disruption. Learn how to transition to normal registration ...

GST 2.0 has addressed many of the system’s early flaws, but the task is not complete. Non-alcoholic beverages are revised to be taxed in the same bracket as “sin goods,” automobiles, apparel and ...