The GoM of state finance ministers has endorsed the Centre's proposal for a two-tier GST structure, recommending it to the ...

In a key meeting held on Thursday, the panel of state ministers accepted the Centre’s plan to reduce the four-rate system to ...

GoM approves streamlining GST rates to a simplified 5% and 18% two-slab structure, eliminating 12% & 28% slabs.

GoM meets to discuss Centre's GST rate cut proposal. Focus on reducing tax slabs to 5% & 18%. Impact on consumers & MSMEs.

A Group of Ministers (GoM) has accepted a proposal to streamline the GST rate structure, reducing it from four slabs to two. The existing 12% and 28% ...

The recommendation comes after the Central Government, on August 15, put forward a major GST reform plan focusing on mainly three areas - structural changes, rate simplification, and ease of living.

GST GoM Convenor and Bihar Deputy CM Samrat Choudhary on Wednesday announced that the GoM has decided to back the Centre’s ...

The Group of Ministers (GoM) on Rate Rationalisation, formed by the Goods and Services Tax (GST) Council, has decided to accept the Centre’s two-rate structure proposal for GST and will be ...

The Group of Ministers on Thursday accepted the Central government's plan to replace current GST rates of 12% and 18% for most items with a much-lower 5% and 18% slabs, as well as a steep 40% levy on ...

According to the plan, 99% of items taxed at 12% will shift to the lower 5% slab, while nearly 90% of items currently in the ...

The proposal has received similar recommendations from the GoM. However, a few state ministers have proposed an additional cess on top of the 40 per cent GST slab ...

The six-member panel, led by Bihar Deputy Chief Minister Samrat Choudhary, agreed to phase out the current four-tier framework of 5, 12, 18 and 28 per cent.