The GST compensation fund is projected to record a sizeable ₹95,000 cr surplus by March 31, 2026, as it settles all pending dues to states and clears accumulated debt. This projection comes from government estimates and indicates strong revenue inflows through the special cess levied to support

The GST Council is preparing for a significant overhaul of India’s tax structure by proposing the removal of the 12% tax slab in its upcoming 56th meeting, expected in late June or early July. The move is part of a larger effort to rationalise the GST framework, reduce classification disputes, and simplify compliance for businesses […]

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 […]