The 12 and 18 per cent tax slabs in goods and services tax (GST) could be merged going forward as revenues increase, thereby effectively making it a two-tier tax, former Finance Minister Arun Jaitley ...
Today (August 21), the Centre has approved GoMs' proposal on rate rationalisation, insurance taxation, and compensation cess. The government has given a green signal to the GST revamp plan with slabs ...
The Goods and Services Tax (GST) Council's fitment committee, which is made up of central and state officials, is looking into the possibility of eliminating some of the rates, especially the 12 per ...
New Delhi: Finance Minister Arun Jaitley on Thursday hinted that the government may consider reducing the slabs under the Goods and Services Tax (GST) regime, once the system settles down. According ...
The central government is planning a major change in the Goods and Services Tax (GST) structure, according to media reports. Under the proposal, there will be only two main GST slabs i.e. 5 per cent ...
Guwahati: The 23rd meeting of the Goods and Services Tax (GST) Council saw 178 daily-use items in the highest 28 per cent slab being moved to lower tax slabs. The meeting is being chaired by Finance ...
ISLAMABAD: The government may abolish the 5% customs duty slab in the new budget under a condition of the International Monetary Fund, but at the cost of increasing the rates on semi-finished and ...
Sources said in order to augment revenue the Council may decide to prune the list of exempt items by moving some of the non-food items to 3 per cent slab. NEW DELHI: With most states on board to raise ...
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