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GST Reforms: GoM supports two-slab structure, but flags the need to address revenue loss

In a significant move in the process of further simplifying India’s tax framework, the Group of Ministers (GoM) has ...

GoM backs GST simplification: Proposal to cut tax slabs to two rates, add 40% for demerit goods

The panel is tasked with reviewing the Centre’s proposal to move 99 per cent of goods currently taxed at 12% to the 5% slab and 90 per cent of goods and services in the 28% slab to the 18% bracket.

Market Wrap: Sensex rises 142 points, Nifty tops 25,050 in 6-day winning streak amid GST reform optimism

Indian benchmark indices Sensex and Nifty advanced on Thursday, extending their rally to a sixth straight session as optimism ...

Stage set for rate rationalisation under GST, but states flag compensation worries

Bihar Deputy Chief Minister Samrat Choudhary, who is the convenor of the GoM on rate rationalization, said the GoM has ...
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GST 2.0 Reforms: GoM Panel Backs Simplified Indirect Tax Regime With 5 Per Cent and 18 Per Cent Slabs, Says Report

Led by Bihar Deputy Chief Minister Samrat Choudhary, the six-member GoM agreed to streamline the present four-tier GST system into a simpler two-tier model — 5 per cent for merit goods and services ...