The government rolled out GST 2.0 to rationalise rate slabs and address long-standing structural issues. The key takeaway is a simpler, more predictable GST regime with fewer classification ...

Centric Tax Regime Introduction The End of the “Trial and Error” Era For nearly a decade, India’s Goods and Services ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Pexels The Goods and Services Tax (GST ...

The Goods and Services Tax (GST) Council has approved a fresh two-tier tax structure of 5 per cent and 18 per cent which will come into effect on September 22. Union Finance Minister Nirmala ...

GST 2.0 Rates Highlights: The new Goods and Services Tax (GST) rates have come into effect today, with a plethora of household items, cars, bikes, and TVs, among others, becoming cheaper. The changes, ...

Finance Minister Nirmala Sitharaman on Wednesday announced the biggest rate overhaul since the introduction of the Goods and Services Tax (GST) in 2017, rolling out a simplified two-slab structure ...

The agency report also mentions that 99% of the items which are currently falling under the 12% tax bracket are proposed to be shifted to the 5% tax slab in the revamped structure. According to the ...

In Private Letter Ruling 201921012 (May 24, 2019), the Internal Revenue Service concluded that a taxpayer’s election to opt out of the automatic allocation of generation-skipping transfer (GST) tax ...