GST rates

The GST Council in its meeting next month may consider a proposal to do away with the five per cent slab by moving some goods of mass consumption to three per cent and the remaining to eight per cent categories, news agency PTI reported.…

The government is planning to raise the goods and services tax (GST) over the next two years and reduce the number of slabs, according to an FE report quoting sources. This may help the government raise tax collections and reduce inflation…

<!-- -->In a boost to aviation sector, GST cut to 5% from 18% for domestic MRO servicesNew Delhi: The government has reduced the Goods and Services Tax (GST) rate on domestic maintenance, repair, and overhaul (MRO) services to 5 per…

Importers of denatured ethyl alcohol, a raw material used in hand sanitisers and disinfectants, and a constituent used in Remdesivir, have approached the Bombay High Court after the customs department initiated investigations into the…

Karnataka CM heads panel tasked with restructuring, merging multiple slabs. Setting the stage for an overhaul of the multiple tax rates under the Goods and Services Tax regime, the government has tasked a group of ministers (GoM) led by…

<!-- -->New Delhi: Higher taxes on automotive sector have a negative impact and the government needs to look at the solution, Revenue Secretary Tarun Bajaj said on Wednesday."I quite agree with automotive sector. Two-wheelers and…