India's finance minister announced plans to streamline customs tariffs, aiming for a significant overhaul by the fiscal year 2027-28. This ...

Tamil Nadu and West Bengal ended 2023-24 with revenue deficits, but their fiscal challenges differ significantly. Tamil Nadu's deficit stem...

India's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharin...

Crisil Intelligence expects India Inc’s revenue to grow 6–7% this fiscal, driven by GST rate cuts boosting consumption, especially in FMCG,...

The Indian government is poised to simplify the GST structure, reducing tax slabs and rates on key consumer goods. This overhaul, expected ...

The Centre is planning sweeping GST reforms that could lower taxes on automobiles, now taxed up to 50% including cess. Under the proposal, ...

Shares of auto companies like Tata Motors, Hero MotoCorp and Maruti Suzuki rose sharply. This is due to anticipation of a GST rate reductio...

The Congress party has urged the government to release an official discussion paper on the proposed GST restructure, dubbed "GST 2.0." The ...

The GoM on GST discussed merging compensation cess with GST. States suggested no new items should be added during this transition. Compensa...

India is one of the few countries to have opted for a more intricate structure, featuring four or more tax slabs. GST slabs in India are 0%...

The 47th GST Council meeting addressed the inverted duty structure and removed several exemptions but deferred a decision on wider slab rec...

The ministry in a statement on Monday said deliberations of the panel of ministers to rationalise GST rates are ongoing and the report has ...

The Shopping Centres and organised modern retail sector has been a major contributor to the country’s GDP and employment generation.Being a...

A restructuring framework for MSMEs that were in default, but were standard on January 1, 2020 is already in place.

“The focus is on restructuring. Finance ministry is actively engaged with RBI on this. In principle, the idea that there may be a restructu...

"Liquidity shortage continues to cause distress in real estate. Hence, a one-time restructuring scheme with moratorium on principal and int...

Once the government arrives at a consensus with the empowered committee and GST Council, Congress will insist giving a ‘legislative framewo...