Sanjeev Sanyal, an economist and a member of the Prime Minister's Economic Advisory Council, on Thursday termed the new GST reforms as logical, explaining that the new tax slabs on various goods are easily relatable.
Vaishnaw said that the new GST tax slabs will be effective from the first day of Navaratri, and rates have been reduced for almost every item which is used in the lives of middle-class families.
He mentioned that the Congress party had been advocating for reforms in GST for a decade. Kharge claimed that the GST introduced under the NDA government included Tax Slabs of 0%, 5%, 12%, 18%, 28% followed by special rates of 0.25%, 1.5%, 3%, and 6%.
The 56th meeting of the Goods and Services Tax (GST) Council is set to begin in the national capital tomorrow, spanning two days from September 3 to 4.
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.
"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
Union Minister of State for Home Affairs Bandi Sanjay Kumar described the Union Budget as "truly extraordinary" and said it benefits the poor, middle class, farmers, small traders, and young entrepreneurs.
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 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.
Finance Minister Nirmala Sitharaman, taking part in the discussion on the consideration and passing of Finance Bill 2024, observed that her government has been taking several decisions to provide relief to the middle class on the personal tax income front.
Finance Minister Nirmala Sitharaman has announced a significant set of income-tax reforms for the fiscal year 2024-25, aimed at simplifying tax laws, promoting compliance, and fostering economic growth.