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

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

The new system is a step towards a simpler mode in India's seven-year-old GST regime, originally conceived as a single ...

Since its launch in 2017, GST has achieved much of its intended purpose—simplifying compliance, reducing the cascading effect of taxes, and creating a unified national market.

Prime Minister Narendra Modi has proposed India's biggest tax reform in eight years to lower consumption levies on everyday ...

Led by Bihar Deputy Chief Minister Samrat Choudhary, the six-member GoM agreed to streamline the present four-tier GST system ...

It is important that the new reforms not only deliver lower published rates but also inform us transparently about the impact ...

Experts said the move to exempt GST on health and life insurance premiums would provide significant relief to households.

Insurers presently avail input tax credit on significant backend costs such as insurance commission, re-insurance, technology ...

The Group of Ministers on rate rationalisation has recommended a two-slab GST structure of 5% and 18% and a special rate of 40%. As the GST Council prepares to deliberate, states remain concerned ...

Proposed GST cut on small cars from 29% to 18% could make popular models like Maruti Swift, Dzire, Tata Punch and more ...

Prime Minister Narendra Modi has proposed India's biggest tax reform in eight years to lower consumption levies on everyday ...