Ananya Srivastava October 7, 2023 12:27 PM IST New Delhi: Goods and Services Tax (GST) Council has decided to slash GST on millet flour food preparations from the current 18% GST to 5%: Sources to ANI ...

Finance Minister Nirmala Sitharaman unveiled tax cuts for hundreds of consumer items, from soap to cars, in the biggest overhaul of the goods and services tax (GST), set to take effect from September ...

The 2026 Budget reflects a fiscal hangover following 2025's aggressive tax cuts. With nominal GDP growth projected at a modest 10% and GST revenues shrinking, the government faces a tightening fiscal ...

The Goods and Services Tax (GST) collections witnessed a 4.6% year-on-year (YoY) growth to ₹1.96 trillion in October 2025, despite the tax cuts rolled out by the central government's GST Council in ...

The surcharge on luxury goods, which varies from 12% to 200%, is part of the national goods and services tax (GST) introduced in 2017, and was due to expire in 2022. The auto industry has been going ...

While steps like GST and digital tax systems have eased some burdens, MSMEs still face significant challenges in navigating India's tax regime. Simplified processes, targeted tax relief, and ...

India’s GDP has doubled over the last ten years to $4.3 trillion in 2025. (Representational image: IE) The month of December was full of shocks and developments in terms of economic affairs, including ...

Taxes were levied at each stage separately at various rates under the Indian Taxation System. But the new GST (Goods and Services Tax) has been established as the unified indirect tax on goods and ...