GST Council may slash rates to boost consumption, weighs scrapping 12% slab: Report
The GST Council had set up the Chaudhary panel in September 2021 to streamline tax rates, resolve classification disputes, ...
GST cuts likely soon, rationalising of rates possible: FM Nirmala Sitharaman in Rajya Sabha
Additionally, the finance minister highlighted that there has been a significant decrease in GST rates, decreasing from 15.8% ...
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Promise of a benign GST
Also, while just 32 million taxpayers are the beneficiaries of the I-T concessions, reduction in GST rates is bound to impact ...
Is a cut in GST rates next? GST Council to soon take a decision, says FM Sitharaman
The Goods and Services Tax follows a four-tier structure with rates of 5%, 12%, 18%, and 28%. Essential items and packaged ...
GST Council to soon take decision on rates, number of slabs: FM Sitharaman
Finance Minister Nirmala Sitharaman announced that the GST Council is nearing a decision on simplifying and reducing GST ...
GST rate rationalisation needed: Finance SecyGST rates need to be rationalised: Finance Secretary
Currently, GST is a four-tier tax structure with slabs at 5, 12, 18 and 28 per cent. Luxury and demerit goods are taxed at ...
GST evasion of ₹1.88 lakh cr detected by CGST officers during April-Dec 2024
In the 2023-24 fiscal, CGST officials detected GST evasion of ₹ 2.30 lakh crore in 20,582 cases. Recovery of ₹ 31,758 crore ...
GST rate rationalisation process underway, say sources
The government had set up a ministerial panel, the Group of Ministers (GoM), to examine GST rate rationalisation.
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GST Rate Not Increased: Sitharaman Dispels Concerns
Finance Minister Nirmala Sitharaman assures no GST rate increase since its implementation, highlighting rate reductions and ...