June GST collection stood at Rs 1.84 lakh crore. The long-pending issue of tax relief on life and health insurance premiums is likely to be discussed in the upcoming GST Council meeting. According to ...

Soon after Prime Minister Narendra Modi underscored the importance of the next generation of reforms under Goods and Services Tax, the Finance Ministry proposed a two-slab GST rate structure along ...

The 56th meeting of the GST Council, starting today, is expected to take up one of the most significant reform proposals in recent years — a complete exemption of GST on life and health insurance. If ...

The Union finance ministry has held discussions with industry representatives over concerns around the goods and services tax (GST) and recommendations on how to improve the indirect tax levy. The ...

Finance minister Nirmala Sitharaman on Wednesday announced sweeping changes to the Goods and Services Tax (GST) regime after the 56th GST Council meeting in New Delhi. A landmark decision also exempts ...

The GST Council has approved a revised two-tier rate structure, reducing the slabs to 5% and 18%, effective September 22. Consumer electronics like TVs, air conditioners, and dishwashers will see a ...

Consumers would get an opportunity to win cash rewards if they insist on getting a goods and service tax (GST) bill on every purchase they make. A Haryana government spokesperson said consumers are ...

NEW DELHI: In a significant move in the process of further simplifying India’s tax framework, the Group of Ministers (GoM) has reportedly given its consent for the Goods and Services Tax (GST) rate ...

The 56th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman at Sushma Swaraj Bhavan on September 3, introduced a slate of rate revisions and procedural reforms aimed at trade ...

Union Finance Minister Nirmala Sitharaman announced the new GST structure yesterday, with a slew of changes to the taxation for the automotive industry. While most of the clauses are reserved for the ...

The goods and services tax data varies based on sources. Therefore, depending on the database one chooses, the revenue performance assessment of the GST will be different. Moreover, GST collection and ...