In a major reform, the GST Council on Wednesday approved a simplified two-tier tax structure with rates of 5% and 18%, set to take effect from September 22. The decision was reached during the ...

India's GST collections reached approximately Rs 1.96 lakh crore in October, a 4.6% year-on-year increase driven by strong festive demand and pent-up consumption. This growth occurred despite recent ...

Indian companies (India Inc.) are expected to witness a 6-7% rise in revenues in the financial year 2025-26 due to the reduced goods and services tax (GST) rates announced after the GST Council ...

Market experts say GST 2.0 rate cuts could spark festive demand and offset global headwinds The 56th GST Council meeting, chaired by the Finance Minister Nirmala Sitharaman, begins on September 3 and ...

New Delhi: In a major overhaul of the multitiered goods and services tax (GST) structure, the Central government has proposed scrapping the 12% and 28% slabs, among other reforms to India’s indirect ...

Several states have found it difficult to maintain the revenue share of goods and services tax (GST) in nominal GSDP after indirect taxes were subsumed into the GST in the base year of 2015-16, a new ...

On the first day of the new year, there was uplifting news on the economic front as the Goods and Services Tax (GST) revenue collection witnessed a significant annual increase of 10% in December.

Small and low-risk businesses will get GST registration within 3 working days as the GST department rolls out a simplified GST registration scheme for small and medium businesses from Saturday. Small ...

The finance ministry on Friday said it has proposed a two-slab GST rate structure to the Group of Ministers (GoM), along with special rates for select few items, as the government looks to unveil ...

GST Rate Changes: The revised GST rates will come into effect on September 22. The Goods and Services Tax (GST) Council on Wednesday approved a complete overhaul of India's tax consumption tax since ...

New Delhi: The GST (Goods and Services Tax) Council meeting is starting today, 3rd September, at 11 AM in Vigyan Bhawan, New Delhi. This meeting will go on for two days, and will end on 4th September.

SBI projects India's GST revenue loss from recent rate cuts at Rs 3,700 crore in FY26, significantly lower than earlier estimates due to robust consumption and improved tax compliance. Experts ...