Indian consumers are set to receive a significant boost as the government moves towards simplifying the Goods and Services Tax (GST) structure by reducing the number of tax slabs and lowering rates on several key items.
Bihar Deputy Chief Minister Samrat Choudhary on Thursday said that the Group of Ministers (GoM) has extended its support to the Centre's proposals to eliminate the 12 per cent and 28 per cent slabs under the Goods and Services Tax (GST) structure.
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In the Independence Day speech from the ramparts of the Red Fort, Prime Minister Narendra Modi announced upcoming next-gen GST reforms before Diwali so as to benefit consumers, small industries and MSMEs.
"Congress has been saying from the beginning that its (GST) slabs are unjust, and Rahul Gandhi had even called it the Gabbar Singh Tax. Today, the Prime Minister has realised that with the Bihar elections approaching, fearing defeat, he felt that the GST slabs should be reduced... Our opi
"They have proposed two slabs: one 5 per cent and the other 18 per cent. Still, there are multiple slabs till 28 per cent. Eighteen per cent applies to fertilisers and pesticides. So, it might get an exemption in this decision. However, there won't be much in it. We will see when the full sc
In a path-breaking initiative relating to the Goods and Services Tax structure, the Central Government has proposed to scrap the current slab of 12 per cent and 28 per cent of GST rates and keep only 5 per cent and 18 per cent GST rates, government sources said on Friday.
According to the NHSRCL, work on all three elevated stations in the state, Thane, Virar, and Boisar, is advancing swiftly, and the first slabs for Virar and Boisar stations have recently been cast.
As the Union Budget 2025-26 approaches, Indians eagerly await policy announcements that will bring relief from income tax slabs, farmers issues and bring positive development in creating job opportunities.
Congress leader Ranjeet Ranjan on Tuesday slammed the government over the move to have three different GST rates on popcorn and said people were already reeling under high prices and an effort is being made to divert from real issues.
Congress veteran and Rajya Sabha MP Jairam Ramesh on Sunday took a potshot over the GST Council's clarification on three different GST tax slabs for popcorn.
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