The Narendra Modi government plans to streamline the GST framework after making significant changes to personal income tax and customs tariffs. The initiative aims to restructure the GST slabs for ...

The shares of Bajaj Auto, one of the major players in the automobile market, slipped on Tuesday, March 4. This comes at the ...

This is a two-part series article in which the first part will discuss the Current GST Rate Structure and the Challenges in ...

Introduction : The Tax Slabs between Budget 2024 and Budget 2025 changed significantly, giving huge tax relief to the individuals. Not only tax slabs but changes in Section 87A of Income Tax Act,1961 ...

Finance Minister Nirmala Sitharaman on Tuesday informed the Rajya Sabha that indirect tax under the Goods and Services Tax (GST) has significantly reduced over the years since its implementation.

Most proposed GST amendments align with ensuring consistency ... Of course, what has stolen the limelight is the relief in the tax slabs which has overshadowed all the other announcements.

including moving some items to higher tax slabs. The GST Council had set up the Chaudhary panel in September 2021 to streamline tax rates, resolve classification disputes, and correct tax anomalies.

India's GST structure is complex with multiple rates, needing simplification for better compliance and efficiency, suggests ...

Currently, GST is a four-tier tax structure with slabs at 5, 12, 18 and 28 per cent. Luxury and demerit goods are taxed at the highest bracket of 28 per cent, while packed food and essential items ...

FM Nirmala Sitharaman announced a new tax bill, changed income tax slab, ITR extension, and more in Budget 2025. We take a ...