In contrast, Canada imposes a uniform 5 per cent GST on most goods and services. Singapore has a uniform GST of 9 per cent.

GST rates: The Group of Ministers (GoM) on GST rate rationalization has put forth a proposal to increase the tax rate on sin goods, such as aerated beverages, cigarettes, tobacco, and related ...

Plain Facts publishes a compilation of data-based insights, with easy-to-read charts, to help you delve deeper into the ...

In this context, it will be pertinent to analyse the recent recommendation of the Group of Ministers (GoM) on GST rate rationalisation. Take the case of the proposal to introduce a new fifth GST ...

The 55th GST council meeting concluded on December 21. The meeting that was held under the leadership of FM Nirmala Sithraman ...

The saga merits detailing. From its inception, the GST template has been riven by multiple rates—nearly three-fourths of the revenue comes from the 18 percent slab—and confounding definitions.

Notably, we saw an all-time high GST collection of Rs 2.10 lakh crore in the month of April. But tax reform continues to remain mired in the complexity of multiple rates. GST collections ...

Notably, individuals didn’t have to pay the 18% GST if they are selling an old car to another person. Moreover, this is for ...

The GST Council has proposed an increase in the tax rate to 18% on the margin of used car sales, which now includes electric vehicles (EVs) as well as specified petrol and diesel cars. This ...

The GST Council, led by Finance Minister Nirmala Sitharaman, has clarified the tax treatment of popcorn. It has been decided that pre-packed and labelled ready-to-eat popcorn will attract a 12% GST, ...