The Goods and Services Tax was introduced with the promise of simplification, uniformity, and certainty. However, for several years after its implementation, GST functioned with a deficiency—the ...

The inverted duty structure has become even more pronounced in light of the recent GST rate rationalisation, where most of ...

India introduces higher excise duty on cigarettes and a health cess on pan masala from Feb 1, replacing GST compensation cess ...

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 " ...

Finance minister Nirmala Sitharaman's upcoming Union Budget is anticipated to bring significant tax reforms and a customs ...

Some MSME entrepreneurs were disappointed by the absence of any income tax relief and no incentive scheme, similar to the ...

The Government confirmed that no sector-wise assessment of GST rate reductions has been conducted. Expected benefits are ...