The Telangana government is set to lose revenue to the tune of ₹5,000 crore due to the latest revision of the Goods and Services Tax (GST) rates. The government, however, took a policy decision to ...

The Goods and Services Tax (GST) Council, led by FM Nirmala Sitharaman, has announced significant changes in tax rates for entertainment and sporting events, raising levies on high-profile properties ...

Introduction:Goods and Service Tax (for short “GST”) had been a paradigm shift and radical drift after the Finance Government (for short “FG”) had revised last year from four tier GST structure to thr ...

New GST price rules: govt waives newspaper ads, eases compliance for pre-packaged commodities. (Image: Reuters) As the implementation date for the new GST rates approaches, the Government has ...

Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with ...

The 56th GST Council will consider the Centre’s proposal to eliminate two out of four tax slabs (12% and 28%) and retain the 5% and 18% tax rates. The Goods and Services Tax (GST) Council may consider ...

The government is considering two proposals- either to remove the 12 percent slab or bring some of the goods to the lower 5 percent bracket, the report said. Middle and lower-income families are set ...

The GST Council, in its 56th meeting on 3 September, announced a major revision in tax rates for the automobile sector. The move simplifies the slab system and directly impacts two- and four-wheeler ...

The Goods and Services Tax (GST) Council may consider compensating states for their immediate revenue losses on account of a proposed GST rate rationalization -- tapping an estimated surplus of ...