Finance Minister Nirmala Sitharaman announces imminent reductions in GST rates and rationalization of tax slabs, with the review process in its final stages, aiming to simplify the tax structure and promote economic growth.
The GST Council has revamped the Group of Ministers on GST revenue analysis to address sector-specific tax policy issues and explore unified enforcement strategies to combat tax evasion.
In the past 24 hours, major global and national events have shaped political, economic, and security landscapes. From a crucial India-U.S. energy deal to the imposition of President’s Rule in Manipur, the headlines reflect significant developments. Domestically, key economic moves, defense upgrades, and a rise in Indian cricketers’ rankings have dominated
In a strategic move to stimulate consumer spending and simplify the tax structure, the Goods and Services Tax (GST) Council is deliberating the elimination of the 12% tax slab. This proposal aims to reassign items currently taxed at 12% into either the 5% or 18% categories, thereby streamlining the GST framework. GST Rate Rationalization The […]
