This is a two-part series article in which the first part will discuss the Current GST Rate Structure and the Challenges in ...

Currently, Goods and Services Tax (GST) is a four-tier tax structure with slabs at 5, 12, 18 and 28 percent. Luxury and demerit goods are taxed at the highest bracket of 28 percent, while packed ...

The GST Council will soon take a decision on having fewer and lower rates as the review work is almost complete, Finance Minister Nirmala Sitharaman said on Tuesday. Currently, Goods and Services ...

A group of ministers is looking at rationalising GST. Ahead of the budget, the ministry of heavy industries and auto companies have made a fresh pitch for concessions for CNG vehicles, once seen ...

(Freepik) Finance minister Nirmala Sitharaman has indicated that the Goods and Services Tax (GST) Council might not delay the much-awaited “rationalisaton” of the rate slabs any longer ...

Official sources had said that some member states of the GST Council are in favour of adopting a three-slab GST structure, from the extant four slab one. However, many states fear loss of revenue ...

Currently, Goods and Services Tax (GST) is a four-tier tax structure with slabs at 5, 12, 18 and 28 per cent. Luxury and demerit goods are taxed at the highest bracket of 28 per cent, while packed ...

The initiative aims to restructure the GST slabs for better outcomes and resolve complexities that create compliance challenges, possibly through a simplified three-rate structure. GST reforms ...