On September 3, 2025, the Goods and Services Tax (GST) council recommended a two-tier GST rate system, meaning that most goods and services will now have only a 5% or 18% GST rate . Certain luxury and ...

GST impact on Agri sector: The 56th meeting of the Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman on Wednesday, approved a major reform in the existing tax ...

Governor Shiv Pratap Shukla highlighted the significance of tax policy in development and governance during an international conference. He praised the Goods and Services Tax (GST) as a historic ...

India’s record currency in circulation may partly show behavioural shifts after GST notices on UPI-linked transactions, according to SBI Research India’s currency in circulation has climbed to a ...

India's GST was simplified to a two-rate structure of 5% and 18%, instead of the current four slabs. An additonal 40% tax on "super luxury" and "sin" goods was also introduced. The tax cuts are " ...

The Goods and Services Tax Council may consider a reduction in tax rates on a host of items with low revenue implications as part of the tax rationalisation exercise in its next meeting on July 21.