News

GST 2.0: GoM approves removal of 12%, 18% slabs, price drop likely for most goods

GoM backs GST 2.0, cutting slabs to 5% and 18%, promising tax relief for households, farmers, MSMEs and businesses. | One of ...

Key panel approves elimination of 12% and 28% GST slabs

The Group of Ministers, a key decision-making panel on Goods and Services Tax (GST), has approved the Centre's proposal to ...
Swarajya1h

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 ...

Removal of GST 12% and 28% slabs okayed by key panel; up to council now for decision

Steps following up on Prime Minister Narendra Modi's Independence Day announcement of rationalising the indirect tax regime ...
The New Indian Express1y

Would revision of goods and services tax returns be permitted?

5. Disclosure and payment of the tax under the wrong GST head: Various categories exist for reporting taxes when filing GST returns.
Business Today1y

Goods and Services Tax: What the monthly GST data shows

Goods and Services Tax: What the monthly GST data shows A high-frequency indicator that reveals consumption demand, revenue of Centre and states Surabhi Updated Jul 4, 2024 6:50 PM IST ...