In the revamped regime, majority of the items in the existing 28% tax bracket will come under the 18% slab, and those in 12% slab will fall under the 5% tax slab.

The Group of Ministers (GoM) on Rate Rationalisation is set to meet in the coming week to discuss the proposal on ...

According to the Reserve Bank’s statement on monetary policy, there will be lower pay rises, weak consumer spending, falling ...

Australia's decline in productivity, and falling business investment, has policymakers worried. It's why they're meeting in ...

Mumbai: Two company directors were arrested in separate cases for fraudulent Input Tax Credit (ITC) claims, collectively ...

Act, 2025, introduces changes, including a new "track and trace" mechanism for certain goods, penalties for non-compliance, and amendments to input tax credit and appeal ...

The proposed 'Next Gen GST' aims to streamline India's tax system by reducing four tax slabs to two, benefiting everyday ...

Describing the proposed GST tax reforms as ‘Next Gen GST’, senior government officials on Saturday said that the two-slab tax ...

Prime Minister Modi announced next-generation GST reforms aimed at reducing the tax burden, with potential implementation by ...

India's UPI system is a global success story, empowering millions with free digital payments. However, a potential ...