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CURRENT GST SLABS
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...- NITI backs 5% GST slab for R&D procurementNiti Aayog suggests bringing back a 5% GST rate for research and development purchases. This move aims to boost usable funds for research i...
- India should increase investment in R&D to 2 per cent of GDP: Niti AayogNiti Aayog has urged India to boost research and development investment to two percent of GDP within five years. The report suggests restor...
- Marico, Radico Khaitan in focus as FMCG navigates inflation-led challengesIndia's FMCG sector navigates inflation. Input costs are rising, impacting margins. Companies are adjusting prices. Past cycles show resili...
- EY, FICCI urge govt to reduce GST rate to 9% on hotel rooms priced above Rs 7,500 per nightA joint report by EY and FICCI suggests lowering the GST on luxury hotel rooms to 9%. This move aims to make India a more competitive touri...
- Liquidity unlocked, access denied: With rating rules, how TReDS leaves most MSMEs behindDespite the government’s TReDS push, experts say the RBI’s move to ease onboarding lacks clarity as credit ratings continue to be a key bot...
- KTM hikes 390 Duke, 390 Adventure X prices by up to Rs 40,000KTM has increased prices for its 390 Duke and 390 Adventure X models. This change is due to higher GST on motorcycles over 350cc. Bajaj Aut...
- Petrol at Rs 72, diesel at Rs 69 in Delhi? How GST could slash fuel prices in IndiaGlobal crude oil prices have surged past $110 per barrel. However, Indian retail fuel prices remain stable. This is due to government excis...
- Indirect tax mop-up tops FY26 target, but pan masala cess misses the markIndia's indirect tax collections for fiscal year 2025-26 have surpassed the government's target. Customs, excise, and GST revenues showed s...
- 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...
- Centre, States equal stakeholder in GST, revenues shared equally: Govt sourceUnder the current Goods and Services Tax (GST) framework, revenues are shared equally between the Centre and the states. Additionally, 41 p...
- 18% slab to contribute lion's share of GST revenue after proposed changesThe Centre's proposal for a two-tier GST structure with a special 40 per cent rate anticipates the 18 per cent slab remaining the primary r...
- Proposed GST rate tweaks on automobiles to end classification disputesThe Centre is planning sweeping GST reforms that could lower taxes on automobiles, now taxed up to 50% including cess. Under the proposal, ...
- Next-Gen GST step towards a single tax slab GSTIndia is planning a major GST overhaul. The new system will have just two tax slabs: 5% and 18%. This aims to boost the economy and offset ...
- 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% ...
- Up to 75 pc of GST revenue comes from 18 pc slab: MoS FinanceAround 70-75 percent of GST revenues in 2023-24 came from the 18 percent slab. Only 5-6 percent was from the 12 percent slab. The highest 2...
- Tax on 100 items to be slashed? GST's rate rationalisation panel to decide next monthThe GoM on GST rate rationalisation has discussed potential tax rate changes on over 100 items, including reducing taxes on some goods from...
- GST Council may consider proposal to raise lowest slab to 8%, rationalise tax slabsThe GST Council in its next meeting may look at raising the lowest tax slab to 8 per cent, from 5 per cent, and prune the exemption list in...
- Rationalisation of GST on the cards: MoS financeCurrently, the GST has four rates of 5%, 12%, 18% and 28%. GST Council had, in its meeting in January, decided to slash the GST rate on 54 ...
- 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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