The report said, a decrease in income tax rate would have a positive multiplier effect, leading to a rise in private consumption due to higher disposable income. But compared to income tax and ...

Prime Minister Narendra Modi announced a major reform in Goods and Services Tax (GST), reducing tax rates and simplifying ...

GST Council to consider tax rate cuts, reforms on 3 and 4 September, so that consumers planning purchases during the festival ...

The GST Council is set to meet on September 3rd to discuss proposed GST rate rationalization. A Group of Ministers has ...

Prime Minister Narendra Modi announced a major reform in the Goods and Services Tax (GST) system, aiming to reduce rates and ...

The government's plan to simplify the Goods and Services Tax (GST) structure, replacing the existing four-slab GST system wi ...

About 30 cancer medicines are likely to be made entirely tax-free, along with certain life-saving drugs for rare diseases. Medical-grade oxygen, iodine, and potassium iodate may also see a tax cut ...

The GST rate restructuring is also expected to lower intermediate input costs in sectors such as construction and manufacturing, thereby reducing the prices of final goods. Items such as cement, tyres ...

The Ministry of Finance has launched several initiatives to simplify income tax and GST filing processes for small taxpayers.

Bhatti Vikramarka pointed out that while states may lose a portion of revenue, which otherwise could be used for welfare ...

Prime Minister Modi announced next-generation GST reforms aimed at reducing the tax burden, with potential implementation by ...

Unlike income tax, which applies only to those earning above a certain threshold, GST is an indirect tax levied on almost ...