A crucial meeting of the GoM of state finance ministers on GST rate rationalisation began on Thursday as they started deliberation on the Centre's proposal to reduce tax slabs to 5 and 18 per cent.

GoM meets to discuss Centre's GST rate cut proposal. Focus on reducing tax slabs to 5% & 18%. Impact on consumers & MSMEs.

The Monsoon session is scheduled to end on Thursday.

A proposal has been made to exempt premiums for life and health insurance from Goods and Services Tax (GST), a move that could bring down costs and boost insurance penetration.

When I was a young journalist in Bombay (now Mumbai), there was an event that evoked a lot of humour and pained resignation.

Ministers from various states converged in the capital Wednesday to discuss the Centre’s proposal to overhaul GST structure.

Experts said the move to exempt GST on health and life insurance premiums would provide significant relief to households.

In response, the Karnataka government launched a ‘Know GST’ campaign, assuring that old arrears won’t be pursued if traders register. Officials clarified GST applies only to businesses crossing ...

MORE goods are exempted or zero-rated under the Sales and Service Tax (SST) compared to the Goods and Services Tax (GST), the Dewan Rakyat was told.

The Prime Minister’s announcement of “next-generation reforms” in the Goods and Services Tax framework marks a critical ...