tax rates News

Major GST Overhaul Unveiled: New Tax Rates on Cars, Gold, Mobiles, EVs and Cigarettes Explained

India's GST Council announces major tax reforms with simplified slabs: 5%, 18%, and new 40% for luxury/sin goods. Small cars drop to 18%, EVs stay at 5%, insurance becomes exempt, ...

Key GST Reforms on the Horizon as Ministers Convene Next Week for Crucial Talks

A group of ministers is set to discuss crucial GST reforms next week, including potential rate reductions and adjustments to the tax regime, amid opposition concerns over revenue i...

Taxpayers Urge FM Sitharaman for Lower Rates and Enhanced Benefits in Budget 2025

Individual taxpayers are urging Finance Minister Nirmala Sitharaman to lower tax rates and enhance benefits in Budget 2025, with a significant preference for the new tax regime and...