It may be noted that GST rate on hotel accommodation depends on the amount paid per room accommodation per day. Presently from 18.7.2022 onwards, GST is 12% for a room in a hotel which would cost upto ...

The GST Council, led by Finance Minister Nirmala Sitharaman, plans to simplify and lower tax rates as the review nears ...

The gems and jewellery industry on Thursday urged the government to rationalise the Goods and Services Tax on bullion and ...

Currently, GST is a four-tier tax structure with slabs at 5, 12, 18 and 28 per cent. Luxury and demerit goods are taxed at ...

The government had set up a ministerial panel, the Group of Ministers (GoM), to examine GST rate rationalisation.

The GoM is examining all issues comprehensively and will submit a report. They will have to arrive at some consensus,' Sanjay ...

Finance Minister Nirmala Sitharaman stated on Tuesday that the GST Council is close to finalising a decision on tax rate ...

The GoM had also suggested lowering the GST rate on all individual health insurance policies to 5%, without the option of ITC ...

Hero MotoCorp faces a GST demand of Rs 456 crore issued by Rajasthan authorities due to disputed tax rates on product parts.

The Goods and Services Tax follows a four-tier structure with rates of 5%, 12%, 18%, and 28%. Essential items and packaged ...

The Narendra Modi government plans to streamline the GST framework after making significant changes to personal income tax ...

In terms of GST-specific amendments, Budget 2025 also focused on pre-deposit amounts for GST appeals, reducing penalties for E-way bill violations and introducing a 10% penalty for other infractions.