The Centre is contemplating a significant GST overhaul, proposing a simplified structure with primary slabs of 5% and 18%, alongside a 40% ...

A GST panel recommends moving more goods to the 28% luxury slab to simplify mid-range categories and merge 12% and 18% slabs. Focus on exem...

"We estimate that headline consumer price index (CPI) would rise by 100-125bps in the event of an effective 1percentage point(ppt) increase...

"The pen industry has been badly hit during the pandemic and has not recovered, as schools and offices are not yet fully operational," said...

Industry trackers say that the low cost pens have high price elasticity and slightest increase in the cost results in disproportionate redu...

When the 28 per cent tax rate was imposed on certain items under GST, there was a political reaction against it, and the GST Council respon...

There were around 226 goods in the 28 per cent category when Goods and Services Tax (GST) was implemented on July 1, 2017.

It is to be noted that the GST Council in the November meeting had decided to keep only sin goods and white goods under the 28 per cent tax...

After slashing the GST rates of over 200 items last month, the government today hinted at reviewing levies on the items in the top 28 per c...

To provide GST relief to the poor, the Centre should lower taxes on over 100 items of mass consumption like upma, besides bringing petro pr...

The tax cuts exhibit the government's capacity to remain agile in the face of challenges. And it can further cut rates in near future.

Sources said that the states were staring at a shortfall of Rs 17,000 crore in July. By August, however, the deficit had came down to Rs 7,...

Items in the 28% slab include washing machines, refrigerators, electrical fittings, cement, ceiling fans, automobiles, tobacco products, dr...

The announcements regarding GST rates on goods and services do not indicate a major deviation from the present tax rates, while also ensuri...

The Goods and Services Tax Council broadly agreed on 4 tax bracket for services, though they are yet to decide on a tax bracket for gold.

Common use items like hair oil, soaps, toothpaste to be taxed at 18% instead of present 22-24%. Decision on the rate of tax for services an...

The rates committee on GST under the finance ministry is currently considering the proposal sent by the Aviation Ministry.