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 ...

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 " ...

India's GST collections is showing a marginal improvement as the impact of GST 2.0 continued to weigh on domestic indirect-tax revenue. India's net GST revenue, after accounting for refunds, rose 2.2% ...

On 3 September, the GST Council approved a major overhaul in the indirect tax regime, bringing rates down on the majority of the products. While Monday was set as the roll-out date for the new rates, ...

The Goods and Services Tax commissionerate has raised a tax demand of ₹458 crore against Interglobe Aviation (IndiGo) in relation to compensation received from a foreign supplier and the denial of ...

The prices of various items such as footwear, clothing, consumer durables (such as air-conditioners and TV sets) and automobiles (cars, two-wheelers, etc) have fallen post-GST rationalization. Our ...

Both sales tax and GST are indirect taxes, meaning they are charged on transactions (purchases) instead of income, and the cost is ultimately paid by the person who buys the final product. The ...