June GST collection stood at Rs 1.84 lakh crore. The long-pending issue of tax relief on life and health insurance premiums is likely to be discussed in the upcoming GST Council meeting. According to ...

The 56th meeting of the GST Council, starting today, is expected to take up one of the most significant reform proposals in recent years — a complete exemption of GST on life and health insurance. If ...

Soon after Prime Minister Narendra Modi underscored the importance of the next generation of reforms under Goods and Services Tax, the Finance Ministry proposed a two-slab GST rate structure along ...

The Centre has asked businesses to display tentative price lists for goods, including cars and consumer durables, to showcase the price reduction of the Goods and Services Tax (GST) rate reforms. Also ...

The Union finance ministry has held discussions with industry representatives over concerns around the goods and services tax (GST) and recommendations on how to improve the indirect tax levy. The ...

Indian companies (India Inc.) are expected to witness a 6-7% rise in revenues in the financial year 2025-26 due to the reduced goods and services tax (GST) rates announced after the GST Council ...

NEW DELHI: In a significant move in the process of further simplifying India’s tax framework, the Group of Ministers (GoM) has reportedly given its consent for the Goods and Services Tax (GST) rate ...

GST Rate Changes: The revised GST rates will come into effect on September 22. The Goods and Services Tax (GST) Council on Wednesday approved a complete overhaul of India's tax consumption tax since ...

The 56th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman at Sushma Swaraj Bhavan on September 3, introduced a slate of rate revisions and procedural reforms aimed at trade ...

Union Finance Minister Nirmala Sitharaman announced the new GST structure yesterday, with a slew of changes to the taxation for the automotive industry. While most of the clauses are reserved for the ...