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GST SLABS CHANGES
As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processesIndia's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharin...- 12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
- As India's R&D faces funding & talent crunch, Niti panel suggests 50+ fixesIndia's research and development spending lags behind global leaders. A Niti Aayog report highlights funding issues and bureaucratic delays...
- GST: Once branded Gabbar Singh Tax, it turns out to be Good and Simple TaxInitially criticised as the 'Gabbar Singh Tax' by the opposition, India's Goods and Services Tax (GST) has undergone significant evolution ...
- GST on mobile phones after reforms: Will your next phone get cheaper?India's GST revamp, effective September 22, simplifies tax slabs to boost spending, but mobile phones remain taxed at 18%, despite industry...
- GST Council starts two today meeting to discuss two slabs, tax cutsThe GST Council convened to deliberate on a proposal to streamline tax slabs, potentially reducing rates for essential items and luxury goo...
- GST 2.0 should pave way towards single tax rate: ReportA Think Change Forum report advocates for GST 2.0 to adopt just two slabs—5% and 18%—capping the peak rate at 18% to simplify the tax syste...
- Prime Minister Narendra Modi's GST reform push wins industry praisePrime Minister Narendra Modi unveils major GST reforms. The government plans to revamp the GST structure. Current 12% and 28% slabs may be ...
- GST reforms: Govt mulls 5% slab for common man items; Luxury, sin goods to face 40% taxThe Centre is contemplating a significant GST overhaul, proposing a simplified structure with primary slabs of 5% and 18%, alongside a 40% ...
- Rate rationalisation exercise: Luxe bags, cosmetic treatments may be moved to 28% GST SlabThe GST Council's GoM is considering moving 58 goods and 24 services, including luxury handbags, sunglasses, and cosmetic procedures, to a ...
- GoM on GST rate rationalisation to meet on September 25 to discuss slab, rate tweaksThe ministerial panel on GST rate rationalisation will meet on September 25 in Goa to discuss potential changes to tax slabs and rates. The...
- GoM on GST rates favours retaining 4-slab structureThe Group of Ministers (GoM), after a meeting here on Thursday, tasked a committee of tax officials to look into the implication of carryin...
- GoM weighs scrapping 12% GST slabPeople aware of the development told ET that most of the members of the group were of the view that the 12% slab accounts for about 8% of t...
- Behind the fuss about GST on essential items: Two sides of the same coinThe levy of GST on essential items such as pulses, cereals, and rice has led to an uproar that it'll lead to a rise in prices and impact th...
- Ministers meet on GST rationalisation fails to reach consensusThe seven-member ministerial group led by Karnataka chief minister Basavaraj Bommai met online to examine various options for changing tax ...
- GoM meet on GST rate rationalisation deferredThe Group of Ministers (GoM) on rate rationalisation, headed by Karnataka Chief Minister Basavaraj Bommai, also includes West Bengal Financ...
- GoM to meet on Nov 27 to finalise report on GST rate rationalisationSources said the Fitment committee, comprising tax officers from states and the centre, has made many "sweeping" recommendations regarding ...
- Leeway for labourers, nurses, women employees and ATM security guards in GSTTax experts point out that the exception means that any service provided by any employer that’s mandated by the law will be eligible for an...
- Rahul must get back to Chidambaram for better critique: Himanta Biswa Sarma, Assam finance minister"From the onset, we were of the view that GST slabs would need a relook at the end of three months. In some states, some items were taxed m...
- How pocket-friendly will GST be for youHowever, some other products such as bottled water, bathing soap, LED TV and split AC may see a rise in price.
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