As Budget 2026 draws closer, expectations are rising that the government may simplify personal income tax the way it streamlined GST. With GST moving towards fewer, broader rates over the past year, ...

The Government has always blown hot and cold whenever the topic of Rate Rationalisation in Goods and Service Tax (GST) has come about. From an interim report in 2022, to the constitution of a ...

The GST rate rationalisation gave a "measurable" boost to consumption, and the Indian economy is on a stable footing to navigate risks and maintain growth momentum through the current fiscal, a ...

GST rates slashed for several items! Essential everyday items including roti/paratha, hair oil, ice creams and televisions are set to become cheaper, whilst personal health and life insurance will ...

November GST collections saw modest growth after a significant rate overhaul, with the government highlighting increased consumption as a positive sign. While domestic revenue dipped slightly, import ...

The comprehensive overhaul of the rate structure of the goods and services tax (GST) under the Next Gen reforms is seen to have significantly lowered the tax liability on households, which is expected ...

Life and health insurers expect 2026 to mark a return to stronger growth, buoyed by the GST rate cut and the passage of the Insurance Amendment Bill. According to industry players, the two ...

NEW DELHI: After slashing goods and services tax (GST) rates in September, the Centre and states are now gearing up to fix the tax system’s next fault line—inverted duty structures, according to two ...