Sitharaman Chairs Key GoM Meeting on GST Reforms, Aims for “Next-Generation” System

Sitharaman Chairs Key GoM Meeting on GST Reforms, Aims for “Next-Generation” System

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

GST 2.0: India’s Tax Overhaul Aims for Simpler, Fairer System

GST 2.0: India’s Tax Overhaul Aims for Simpler, Fairer System

GST reform talks are heating up in India, with key meetings scheduled to discuss a major overhaul of the tax system. The ultimate goal is to simplify the complex five-tier structure into a more manageable two-rate model, a plan recently championed by Prime Minister Narendra Modi. The proposed “Next Generation GST Reforms” aim to create … Read more