NEW DELHI (Reuters) - India's goods and services tax (GST) panel is unlikely to approve lowering the tax for the auto and allied components sector this week, as a study has warned of major revenue ...

The Goods and Services Tax (GST) Council announced on Friday the reconstitution of the rate rationalisation panel. According to an official notification, Bihar’s deputy chief minister Samrat Chaudhary ...

The Group of Ministers (GoM) on GST rate rationalisation on Thursday endorsed the Centre's proposal to shift to a two-slab structure of 5% and 18%. Bihar Deputy Chief Minister Samrat Choudhary, who ...

The ministerial panel on GST rationalisation has discussed proposals for adjusting rates on over 100 items and merging the 12% and 18% slabs. The fitment committee will analyse the impact, potentially ...

In a significant move toward simplifying India’s indirect tax structure, a panel of state finance ministers has proposed a special 40% Goods and Services Tax (GST) on high-end luxury cars, apart from ...

The proposed Goods & Service Tax (GST) reforms, entailing only two primary slab rates against the current five, is likely to have a deflationary effect on the economy, giving the RBI’s rate-setting ...