The GST Council has streamlined the tax structure, introducing a 0%, 5%, 18%, and 40% tier system, eliminating the 28% slab except for luxu...

The GST Council is set to consider a proposal for a simplified two-slab GST structure of 5% and 18%, along with a 40% rate for sin and luxu...

A 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...

GST reforms are coming soon. Systematix Research reports that food, consumer durables, and automobiles will benefit. Construction, healthca...

Around 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...

The ministerial panel on GST rate rationalisation will meet on September 25 in Goa to discuss potential changes to tax slabs and rates. The...

The sources confirmed to ANI that there is no such proposal from the Council, this news is speculative and there is no truth in it.

Currently, GST is a four-tier slab structure of 5, 12, 18 and 28%. Essential items are either exempted or taxed at the lowest slab, while l...

The Group of Ministers (GoM) on rate rationalisation, headed by Karnataka Chief Minister Basavaraj Bommai, also includes West Bengal Financ...

Sources said the Fitment committee, comprising tax officers from states and the centre, has made many "sweeping" recommendations regarding ...

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

The 28% tax on luxury hotels with tariffs of Rs. 7,500 and above makes India one of the most taxed countries in the world for hotels.

Congress-ruled states have written to union finance minister Arun Jaitley demanding “nothing less than a complete overhaul of GST structure...

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

Categorising consumer goods as items of mass consumption, the association has requested that the rate on all consumer durable products be k...

All that the council has come up with are different tax slabs and it is a bit premature to comment on the impact on the luxury sector.

In lowering the rate on common use items from expected 6% to revised rate of 5%, the interests of common man seem to have played a key role.