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 ...

Latest Income Tax Slabs FY 2025-26 after Budget 2025: The income tax slabs and income tax rates under the new tax regime have ...

Guwahati: The 23rd meeting of the Goods and Services Tax (GST) Council saw 178 daily-use items in the highest 28 per cent slab being moved to lower tax slabs. The meeting is being chaired by Finance ...

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 ...

At Slab Pizza, large 'slabs' come in a variety of flavors and with different toppings. White, Hawaiian, N.M. Green Chile and Thai chicken make up the slabs on this pizza. (Photo by Tanner Johnson.) ...

Sources said in order to augment revenue the Council may decide to prune the list of exempt items by moving some of the non-food items to 3 per cent slab. NEW DELHI: With most states on board to raise ...