That said, the Prime Minister’s speech has raised expectations. “If the rates are revised, it will encourage more customers ...

India has proposed lowering the Goods and Services tax (GST) on small cars to 18% from the current 28% as part of sweeping ...

At present, cars and two-wheelers are taxed at 28 percent GST. Cars also carry an additional compensation cess of up to 22 ...

Finance Minister Nirmala Sitharaman to address crucial meeting on sweeping GST reforms to reduce tax rates and prices.

While the exact timeline and scale of the GST reforms are still not out, PM Modi has promised that these reforms will kick in ...

India’s plan to overhaul its goods and services tax (GST) regime is being billed as the most sweeping reform since the levy ...

GST reform in India may lower taxes on everyday essentials like noodles, biscuits, ayurveda products, and personal care items to 5 per cent, boosting demand for FMCG giants such as Nestlé, ITC, ...

GST slab to remain top revenue contributor after proposed changes. New 2-tier structure & 40% rate impact on collections ...

GST on small cars is expected to be lowered to 18% from 28%, a move that will benefit Maruti Suzuki India as the company has the largest portfolio of small cars in the country.

Goods and Services Tax (GST) is currently levied at 5, 12, 18 and 28 per cent. While food and essential items are either at ...

The Centre has proposed to the Group of Ministers on GST rate rationalisation a 2-tier rate structure of 5 and 18 per cent for 'merit' and 'standard' goods and services, and a 40 per cent rate for ...