The Centre has proposed a two-tier GST with 5 per cent and 18 per cent slabs, along with a 40 per cent slab for a few items ...

There should be no restrictions on taking input tax credit (ITC), on the essential principle that once tax is paid, it should ...

The government’s new blueprint, GST 2.0, now being considered by a group of ministers (GoM), rests on three big goals: ...

New consumer-centric GST regime with reduced rates and simplified processes to benefit poor, MSMEs, middle class, and farmers ...

The rationalization of GST rates could provide a strong tailwind to the FMCG sector. The move, coming ahead of the festive ...

"GST reduction will impact everyone, unlike cuts to income tax, which is paid by only 3-4 per cent of the population. Modi is ...

The Delhi South CGST Commissionerate has arrested a key person linked to three firms for allegedly evading ₹16.30 crore in GST through ...

Two think tanks, Policy Matters Ohio and the Institute on Taxation and Economic Policy, have calculated further that the top ...

Prime Minister Narendra Modi on Sunday said the Centre has circulated the draft of the next-generation GST reforms among ...

In the revamped regime, majority of the items in the existing 28% tax bracket will come under the 18% slab, and those in 12% slab will fall under the 5% tax slab.