GoM approves streamlining GST rates to a simplified 5% and 18% two-slab structure, eliminating 12% & 28% slabs.

Finance Minister Nirmala Sitharaman proposed GST reforms to the Group of Ministers, aiming to exempt individual health and ...

Why it matters: Simplifying GST could ease compliance for millions of businesses, boost disposable incomes, and stimulate ...

The report suggests that if the GST rate for smaller cars is reduced from the current 28% to 18%, consumers may see a price ...

Experts analyze the impact of proposed GST exemption on health & life insurance policies, focusing on term & health plans.

A panel of Indian state ministers on goods and services tax (GST) has proposed exempting tax on health and life insurance ...

Tax experts praise Centre's two-tier GST rate proposal for simplifying system, boosting consumption, but caution on critical issues.

India’s GST rates are on a downward path. From 15.3 percent in 2017 to a projected 9.5 percent by FY27, once the ongoing ...

A Group of Ministers has proposed a full exemption of 18% GST on life and health insurance premiums for individuals in India. While this could lower costs for policyholders, insurers' loss of input ...

India's equity benchmarks rose for a sixth straight session on Thursday, boosted by financial shares that jumped on a ...

India adopted the GST in 2017, sweeping in more than a dozen domestic state taxes in a bid to unify the economy on the ...

The Delhi High Court ruled that Xilinx India Technology Services Pvt. Ltd. is entitled to interest on its delayed GST refund under Section 56 of the CGST Act affirming that interest is automatically ...