As Union Budget 2025 approaches, experts from the travel, tourism and hospitality sectors state key expectations ...

has been a cornerstone of fiscal reform in India. The shift to GST aimed to dismantle the complex, multilayered national tax structure and replace it with a more transparent, technology-driven ...

India's tariff structure has been rationalised, reducing the average customs rate from 11.65% to 10.66%, aligning it more ...

The GST Council, chaired by Sitharaman and comprising her state counterparts, has set up a group of ministers (GoM) to ...

The GST Council will soon take a decision on having fewer and lower rates as the review work is almost complete, Finance ...

Simplified classification and GST rate structure for automobiles and auto components, reduction of GST on hybrid vehicles, ...

The Goods and Services Tax follows a four-tier structure with rates of 5%, 12%, 18%, and 28%. Essential items and packaged ...

The GST reform holds immense potential to bolster India's MSME sector, but its current framework requires critical ...

Currently, electric vehicles (EVs) benefit from a reduced GST rate of 5 per cent to promote adoption. However, key components such as lithium-ion batteries are taxed at 18%, creating a financial ...

GST, an indirect tax on the supply of goods and services in India, is currently applied at 18% on health and life insurance ...

The gems and jewellery industry on Thursday urged the government to rationalise the Goods and Services Tax on bullion and ...