New Delhi: Finance Minister Arun Jaitley on Thursday hinted at merging 12 and 18 per cent tax rates under GST once revenue collections pick up and said the top 28 per cent slab would be for a "very ...
Chennai:The price-based thresholds for fixing GST rates will create market distortions, promote grey market activity and misreporting, finds retailers’ body. The move will also discourage organised ...
The 12 and 18 per cent tax slabs in goods and services tax (GST) could be merged going forward as revenues increase, thereby effectively making it a two-tier tax, former Finance Minister Arun Jaitley ...
Today (August 21), the Centre has approved GoMs' proposal on rate rationalisation, insurance taxation, and compensation cess. The government has given a green signal to the GST revamp plan with slabs ...
The Goods and Services Tax (GST) Council's fitment committee, which is made up of central and state officials, is looking into the possibility of eliminating some of the rates, especially the 12 per ...
The central government is planning a major change in the Goods and Services Tax (GST) structure, according to media reports. Under the proposal, there will be only two main GST slabs i.e. 5 per cent ...
Mumbai: Indicating that further simplification of the Goods and Services Tax is on the anvil, Prime Minister Narendra Modi said his government wants to ensure that ’99 per cent things’ attract sub-18 ...
ISLAMABAD: The government may abolish the 5% customs duty slab in the new budget under a condition of the International Monetary Fund, but at the cost of increasing the rates on semi-finished and ...
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