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The GST Council is likely to soon set up a new Group of Ministers (GoM) to address the issues of initial revenue losses incurred by the states due to the rate rationalization under the Goods and ...

A GoM approved reducing GST brackets from four to two, aiming to lower consumer taxes, but concerns over state revenue impacts remain. A group of ministers (GoM) approved, in principle, the Union ...

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 ...

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% rates would be eliminated, leaving standard rates ...

The Group of Ministers (GoM) on GST rate rationalisation has agreed to scrap the 12% and 28% slabs, moving towards a simplified two-rate structure of 5% and 18%. The decision, taken at a key meeting ...

A crucial meeting of the GoM of State finance ministers on GST rate rationalisation began on Thursday as they started deliberation on the Centre's proposal to reduce tax slabs to 5 and 18 per cent.

New Delhi: The much-anticipated two-slab structure in ‘next-gen’ GST regime may be a reality before Diwali for the middle class, MSMEs and farmers, as the group of ministers (GoMs) on Thursday ...

The group of ministers (GoM) on health and life insurance is set to propose exempting insurance premiums for individuals from goods and services tax (GST), Bihar Deputy Chief Minister Samrat Choudhary ...

The GST Group of Ministers (GoM) on insurance has proposed that health and life insurance premiums be exempted from the levy, in a move aimed at making insurance products more affordable and improving ...

New Delhi: Finance Minister Nirmala Sitharaman will on Wednesday address a crucial meeting of a group of ministers of states as she makes a case for the sweeping GST reforms that will slash tax rates ...

The group of ministers (GoM) tasked with rationalising Goods and Services Tax (GST) rates and easing compliance burdens will meet on August 20-21 to finalise its recommendations, Finance Ministry ...