Finance Minister Nirmala Sitharaman is attending a key two-day meeting of a Group of Ministers (GoM) on GST rate rationalization, which began today, August 20, 2025. The meeting, which also includes GoMs on compensation cess and health and life insurance, is a crucial step toward “next-generation” GST reforms. A New Tax Structure on the Horizon … Read more
Proposed GST Reforms: Aims and Potential Changes Prime Minister Narendra Modi recently announced that the central government has circulated a draft of “next-generation” Goods and Services Tax (GST) reforms to the states, urging them to cooperate for implementation before Diwali. The Prime Minister stated that the goal of these reforms is to simplify the GST … Read more
GST Reform 2025: A Major Tax Overhaul on the Horizon India is considering a significant restructuring of its Goods and Services Tax (GST) system, aiming to simplify the current four-slab structure into just two main rates: 5% and 18%. If approved by the GST Council, this would be the most substantial change to the tax … Read more
