New Delhi [India], February 11 (ANI): Finance Minister ... was tasked with reviewing and suggesting changes to simplify the GST rate structure. Speaking further on the issue of GST rates, Finance ...

The Goods and Services Tax (GST) has been a cornerstone of fiscal reform in India. The shift to GST aimed to dismantle the complex, multilayered national tax structure and replace it with a more ...

Krishan Arora of Grant Thornton India said while the consensus on rate structure among the Centre and the states seems to be a step closer towards timely implementation of GST, the essence of the ...

Government standardizes GST at 18% for all used vehicle transactions, impacting organized industry players' finances and profit margins.

A uniform rate structure would reduce classification ... burden and streamline compliances." The GST reform holds immense potential to bolster India's MSME sector, but its current framework ...

Calling India’s GST structure confusing and inefficient, Tharoor said, “Instead of the good and simple tax we all wanted, India has multiple and confusing GST rates, including the highest GST ...

Hajmola, a popular digestive tablet, is under GST investigation. Authorities question its classification. They want to ...

Starting April 2025, hotels categorized as ‘specified premises’ are required to impose an 18% Goods and Services Tax (GST) on ...

Its grand success requires that the tax burden be moderate, coverage comprehensive, administration use cutting-edge technology, and dispute resolution swift and fair. - Issue Date: Mar 16, 2025 ...

Shashi Tharoor debates Finance Bill in Lok Sabha, highlighting South Indian States' revenue share concerns; BJP counters.

Defending the current tax structure, FM Sitharaman ... In May 2017, a Reserve Bank of India study estimated that the weighted average GST rate was 14.4 percent, which has declined since GST ...

The Insurance Regulatory and Development Authority of India (IRDAI) has submitted its comments on goods and services tax (GST) relief ... should be kept at a tax rate structure, which allows ...