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New Delhi10 minutes ago Copy link Yesterday’s big news was related to GST. The central government has prepared to respond to the US tariff. For this, there is a preparation to make major changes in the Goods and Services Tax (GST). It is named ‘GST 2.0 or Next Jane GST’. Foxconn, a smartphone maker for…
No news Business GST: There Will Be Two Slabs, Prices Of Essential Items Will Decrease By 10% Mukul Sharma, GST Specialist25 minutes ago Copy link Currently, 4 tax slabs in GST are 5%, 12%, 18% and 28%. After the improvement, two slabs will remain 5% and 18%. The central government has prepared to respond to…
Last Updated:August 15, 2025, 21:05 is The proposal also signals that some goods will become significantly costlier The finance ministry has reportedly put forward a proposal to the GST Council to move from the existing four-slab system to a two-slab model, with rates of 5% and 18%. Representational image India is on the brink of…
New Delhi: Most of the “common man items” are proposed to be moved to the lower GST slab rate of 5 per cent under the GST rationalisation initiative, government sources said on Friday, noting that the Centre will closely engage with states to build a broad-based consensus in the coming weeks.The sources said that food…
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…
Last Updated:August 15, 2025, 17:56 is The new plan, which has been sent to the GST Council and the Rate Rationalisation Group of Ministers (GoM), suggests a shift to a two-rate structure of 5% and 18% Prime Minister Narendra Modi, during his 12th Independence Speech from the ramparts of the Red Fort, spoke about an…
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: Prime Minister Narendra Modi recently said India is on track to become the third-largest economy in the world, so the country must carefully protect its economic interests like farmers, small industries, and job creation. This comes after a report from Morgan Stanley that also predicts India will be the third-largest economy by 2028…
New Delhi: Finance Minister Nirmala Sitharaman clarified in Parliament on Monday that apartment associations are required to register under GST if their aggregate turnover exceeds Rs 20 lakh (Rs 10 lakh in special category states) in a financial year and the associations are required to pay GST only where the maintenance charged is more than…
New Delhi: The government has reiterated that there is no plan to levy goods and services tax (GST) on unified payments interface (UPI)-based transactions exceeding Rs 2,000. Pankaj Chaudhary, Minister of State of Finance, said in the Rajya Sabha that “there is no recommendation of levying GST on UPI transactions of over Rs 2.000 from…