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New Delhi: GST Council Meeting: The 56th meeting of the GST Council that kick off on Tuesday morning has announced the much anticipated big-bang reforms in GST tax structure. The GST Council has accepted Group of Minister’s (GoM) proposal to retain two slabs — 5 percent and 18 percent. Till date, As per Indian GST…
New Delhi: GST Council Meeting Today: The 56th meeting of the GST Council will kick off on Tuesday. The 2-day meet between September 3-4 is expected to start at 11 am today. The GST Council will decide on the Group of Minister’s (GoM) proposal to retain two slabs — 5 percent and 18 percent. As…
Mumbai20 minutes ago Copy link India will remain one of the fastest growing economies in Asia in this decade. America’s tariff will not have much effect on India. This claim was made by Fitch Solutions company BMI in its latest report. The report said that the improvement in Goods and Services Tax (GST) will reduce…
Indian consumers are set to receive a significant boost as the government moves towards simplifying the Goods and Services Tax (GST) structure by reducing the number of tax slabs and lowering rates on several key items. The proposed overhaul aims to rationalise rates by migrating from the current four-tier structure to a simplified two-tier system….
New Delhi: The Goods and Services Tax Council is stipulated to meet on September 3. In its meeting the GST Council is likely discuss ending the compensation cess by October 31, says an IANS news report. The GST compensation cess was set to end on March 31, 2026. Discussions, however, have started to conclude the…
Last Updated:August 26, 2025, 20:34 is The GST Council, chaired by Nirmala Sitharaman, ensures uniform taxation in India, balancing Centre and state powers, but faces disputes over tax rates and fiscal autonomy The GST Council ensures uniform taxation across the country. In India, the Goods and Services Tax (GST) is often described as the biggest…
Last Updated:August 17, 2025, 23:50 is PM Narendra Modi said the revised GST framework proposed by the Centre has been circulated among states. He sought their cooperation to implement the proposal before Diwali PM Narendra Modi had announced the proposal to reform the GST law during his Independence Day speech on August 15 from the…
New Delhi: In a landmark move to simplify the Goods and Services Tax (GST) system, the Central Government has proposed eliminating the existing 12 percent and 28 percent GST slabs, retaining only 5percent and 18 percent, sources confirmed on Friday. According to officials, about 99 percent of items currently taxed at 12 percent will move…
New Delhi: Marking his 12th Independence Day address, Prime Minister Narendra Modi promised a “double Diwali” for citizens this year, hinting at a major economic announcement. “This Diwali, I am going to celebrate a double Diwali for you. The countrymen are going to get a big gift, there will be a drastic cut on GST…
New Delhi: There are over 1.52 crore active Goods and Services Tax (GST) registrations and one-fifth of registered GST taxpayers in India now have at least one woman, and 14 per cent of registered taxpayers have all female members (on the basis of the constitution of business), an SBI report revealed on Tuesday. This representation…