The GST Council is considering a reduction of tax slabs from four to three by eliminating the 12 per cent rate.

Will items like condensed milk, dry fruits, handbags, pasta, frozen veggies, carpets, umbrellas, and footwear get cheaper or ...

The proposal is likely to be discussed at the GST Council’s next meeting, the newspaper reported citing sources ...

Input Tax Credit (ITC) is one of the fundamental aspects of GST and an important feature in mitigating tax burden on businesses. It enables a taxpayer to offset the tax incurred on inputs (inputs like ...

This comes after a record high Goods and Services Tax (GST) collection in April, when the revenues touched an all-time high ...

Under Section 22 of the CGST Act, 2017, every supplier is liable to register in the State or Union Territory (excluding special category States) from where they make a taxable supply of goods or ...

Europeans familiar with VAT have a whole new language to learn as they try to understand US Sales and Use Tax (SUT). Both are ...

Gross Goods and Services Tax (GST) collections in May 2025 rose 16.4% to US$ 23.52 billion, marking strong import-driven growth and renewed fiscal momentum.

The GST Council is considering eliminating the 12% tax slab as part of efforts to streamline the tax structure, potentially ...