In a key meeting held on Thursday, the panel of state ministers accepted the Centre’s plan to reduce the four-rate system to ...

The new system is a step towards a simpler mode in India's seven-year-old GST regime, originally conceived as a single ...

Since the beginning, the policy-makers knew that the Goods and Services Tax (GST) should have minimal slabs and rates. Yet, ...

Indian Prime Minister Narendra Modi will likely face tough negotiations with states, who are expected to shoulder the bulk of ...

The Group of Ministers, a key decision-making panel on Goods and Services Tax (GST), has approved the Centre's proposal to ...

The Group of Ministers on rate rationalisation endorsed the Centre’s plan to introduce a simpler structure, replacing the ...

Led by Bihar Deputy Chief Minister Samrat Choudhary, the six-member GoM agreed to streamline the present four-tier GST system ...

Under Centre’s proposed plans, government wants to reduce the current rate structure to just two slabs of 5 percent and 18 percent, removing 12 percent and 28 percent rate tiers.

The six-member panel, led by Bihar Deputy Chief Minister Samrat Choudhary, agreed to phase out the current four-tier framework of 5, 12, 18 and 28 per cent.

When I was a young journalist in Bombay (now Mumbai), there was an event that evoked a lot of humour and pained resignation.

India's federal government has not quantified the loss to the exchequer due to a lowering of the goods and services tax rates but a state ministers' panel has endorsed the new rate structure, state ...