GST Council News

GST 2.0 Reform Sparks Debate: Centre and States Clash Over Tobacco Taxation Beyond 40% Slab

The Indian government and states are in a tussle over the imposition of additional duties on tobacco products beyond the proposed 40% GST slab, aiming to sustain current taxation l...

Major GST Overhaul Approved: 12% Tax Slab May Be Eliminated in Upcoming Reforms

The Goods and Services Tax (GST) is set for a major overhaul, with the 12% tax slab possibly being eliminated. The PMO has approved the restructuring, aiming to simplify the tax sy...

FM Nirmala Sitharaman Stresses the Importance of Fiscal Responsibility Beyond Politics

Finance Minister Nirmala Sitharaman calls for fiscal responsibility beyond political lines, highlighting the challenges of debt management and the importance of sustainable develop...

Proposed 35% GST Slab Threatens Indian Retailers' Survival

Indian sellers collective urges rejection of 35% GST slab and pricing-based rate structure, warning of devastating outcomes for the country's retail sector.