The 47th GST Council meeting on Friday has cleared a host of changes proposed earlier in the taxation regime. Under one of the proposals now, the tenants would have to pay 18 per cent GST on home rent ...

New Delhi: The wide-ranging GST reforms are set to improve the lives of citizens and ensure ease of doing business for all, especially small traders, thus strengthening the economy. The changes in GST ...

The Council clarified that no GST is payable on 'penal charges' levied and collected by banks. From reducing GST rate on fortified rice kernel (FRK) to fully exempt GST on gene therapy, the 55th GST ...

GST Council Recommendations, New GST Rates: GST tax rates on common use items ranging from hair oil to corn flakes, TVs, and personal health and life insurance policies were slashed after the ...

New GST mechanism for tobacco products from February 1 ensures higher revenue share for states while maintaining tax ...

The story so far: The 48th GST Council meeting was held on December 17. The GST Council chaired by Finance Minister Nirmala Sitharaman recommended to decriminalise certain offences under Section 132 ...

Defending the imposition of 5% GST on food articles such as cereals, rice, flour, pulses and curd, which are pre-packaged and labeled, FM Sitharaman said that it was a unanimous decision of the GST ...

The new GST regime would increase a company's tax burden by 350-400%, severely impacting the growth trajectory of the sector, industry executives say. The Goods and Services Tax (GST) Council's ...

The GST rationalisation is a structural reset for India, says Niranjan Hiranandani, President, NAREDCO The recent GST rationalisation marks a watershed moment for India’s economy and consumers alike.