A Group of Ministers (GoM) has accepted a proposal to streamline the GST rate structure, reducing it from four slabs to two. The existing 12% and 28% ...

The Centre has proposed exempting individual life and health insurance policies from GST, according to Bihar Deputy CM Samrat ...

The GST Council plays a major role in creating a harmonised tax structure and fostering a unified national market by ...

The GST Council is expected to approve the shift in the coming weeks, with a new 40% slab reserved for sin goods such as ...

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 2-tier rate rejig is put into effect, effective tax rates will ease, ...

Businesses have to cope with existing stock and related issues when a new GST rate structure is enforced. It can lead to confusion and possible losses. However, anticipating potential downsides will h ...

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

The proposal was put forward by the GST Group of Ministers (GoM) on insurance, which recommended that the exemption would ...

Finance Minister Nirmala Sitharaman on Wednesday said the next-generation GST reforms is a step towards making India ...

Insurance stocks like SBI Life and HDFC Life will be in focus after a GoM proposed exempting GST on individual health and life insurance premiums. The move, part of GST 2.0 reforms, could ease costs ...

GoMs discuss Centre's 'next-gen' GST reforms, including 5% and 18% rates, with special 40% rate on select items.

India’s proposed GST overhaul and income tax cuts aim to boost household spending but stagnant wages, AI disruptions and global uncertainties pose deeper challenges to sustainable income growth and co ...