The six-member panel, led by Bihar Deputy Chief Minister Samrat Choudhary, agreed to phase out the current four-tier framework of 5, 12, 18 and 28 per cent.

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GoM backs Centre’s plan to merge 12% and 28% GST into 5% and 18% slabs, with a proposed 40% rate on luxury and sin goods.

A GoM approved reducing GST brackets from four to two, aiming to lower consumer taxes, but concerns over state revenue ...

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Group of Ministers accepts the Centre's rate rationalisation proposal, which includes consolidating the slabs into two — 5 ...

Bihar Deputy Chief Minister and GoM Chairperson Samrat Choudhary said they would recommend the two-slab structure proposal of ...

The Group of Ministers on rate rationalisation endorsed the Centre’s plan to introduce a simpler structure, replacing the ...

Slamming the GST, the Punjab Finance Minister stressed that the state would not have suffered such massive revenue losses had ...

The Aam Aadmi Party (AAP)-led Punjab government has demanded the immediate release of its pending Rs 50,000 crore from the Centre, even as it agreed to the proposed GST rate cuts during the recent ...

A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre’s plan to reduce the number of tax slabs.

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