Prime Minister Narendra Modi justified India’s recent GST reform by sharply criticising the previous Congress government, saying it imposed taxes on essentials—including “21% tax on children’s toffees.” Heavy Tax Burden Under Congress Rule Modi said that during the Congress years, everyday

Finance Minister Nirmala Sitharaman is set to address a two-day Group of Ministers (GoM) meeting starting August 20 in New Delhi. She will review the Centre’s proposal for a sweeping overhaul of India’s GST structure, which includes rationalising rates and simplifying tax slabs. Simplified GST Structure Proposed The government has proposed a leaner GST framework […]

After announcing major income tax reforms in the Union Budget 2025, the government is now considering a revamp of the Goods and Services Tax (GST) structure to simplify compliance and enhance efficiency for businesses and consumers. Proposed Changes to GST Structure Currently, GST operates with four key slabs—5%, 12%, 18%, and 28%, with additional cess […]