Explainer: Know how GST ITC works? 3 ways businesses could get relief soon

The GST Council's next meeting may bring major relief for businesses, including input tax credit-related benefits on vehicles ...
Zee Business

Next-Gen GST Reforms: What gets cheaper in PM's 'big Diwali gift' tax cuts—See list

GST Rate Cut Announced: The GST Council just concluded its 56th meeting, approving a slew of tax cuts for the public at large, roughly a fortnight after Prime Minister Narendra Modi promised a "big ...

Next GST Council meeting to focus on 'process reforms', inverted duty structure fixes

The 56th Council meeting approved a simplified registration scheme for small suppliers supplying through electronic commerce operators.
Mint

New GST Rates: Complete list of ‘sin’ goods under 40% slab — What's the rate for pan masala, cigarettes, gutka, tobacco

In a big relief for the common man, Finance Minister Nirmala Sitharaman announced "next-gen" reforms in the Goods and Services Tax (GST) on Wednesday. These include historic rate cuts and the move to ...

GST enters 10th year: Inside the process behind every GST rate change

Industry associations, companies, state governments, central ministries, tax authorities and even judicial rulings can trigger a review of an existing GST rate or product classification.

Airlines seek GST on ATF at 5% with full tax credit

India’s leading domestic airlines have urged the Centre to bring Aviation Turbine Fuel (ATF) under the Goods and Services Tax ...
Indiatimes

GST rate cuts from September 22! All you need to know about new tax rates for items - 75 FAQs answered

The GST Council has approved a major overhaul of the Goods and Services Tax system, slashing rates on several everyday items. Roti, hair oil, ice creams, and televisions are set to become cheaper. We ...

Kolkata likely to host GST Council meeting next month

Kolkata is likely to host the 57th meeting of the GST Council next month, sources said, although the Union Finance Ministry has not yet officially confirmed the venue or the schedule. The meeting is ...
The Financial Express

GST exemption on Rs 5 lakh health insurance? What the big tax relief could mean for middle-class Indians

June GST collection stood at Rs 1.84 lakh crore. The long-pending issue of tax relief on life and health insurance premiums is likely to be discussed in the upcoming GST Council meeting. According to ...
Indiatimes

GST revamp on the cards! PMO gives go-ahead for major overhaul of Goods and Services Tax; 12% tax slab may be removed

India's Goods and Services Tax (GST) is poised for a major overhaul since its 2017 launch. A key change involves potentially moving items from the 12% GST slab to the 5% bracket, offering relief to ...

As GST turns nine, expectations rise for the next wave of reforms

Rate rationalisation, operationalisation of GST Appellate Tribunal seen to have boosted confidence of stakeholders ...
Mint

GST Slab Rates: Which items fall under the 12% rate that council may remove? Are they going to be cheaper or dearer?

The GST Council is likely to soon consider the slabs of the goods and service tax. As per a new report, the Council may reduce the GST slabs from four to three, doing away with the 12 per cent GST ...