New Version: The “Next-Gen” GST Overhaul The 56th GST Council meeting isn’t just about tweaking tax rates—it’s about a major overhaul of India’s tax system. Dubbed “next-gen” reforms, these changes could significantly impact consumers and businesses ahead of the festival season. What’s on the table? These discussions are a crucial step in the government’s push … Read more
A significant overhaul of India’s Goods and Services Tax (GST) is on the horizon, promising to make smaller cars much more affordable. The proposed changes aim to simplify the tax structure and boost the entry-level car market. Current Vehicle Taxes Currently, the tax burden on cars varies significantly: The Proposed Overhaul The new plan would … Read more
GST Overhaul is Coming, But Don’t Expect Lower Bills for Petrol, Electricity, and Alcohol Despite a major overhaul of India’s Goods and Services Tax (GST) regime, your hopes for cheaper petrol, electricity, and alcohol might be put on hold. The government’s plan for a “GST reset” is moving forward, but key items that affect your … Read more
GST Overhaul Proposed: TVs, ACs to Get Cheaper, Online Gaming Tax Soars The Indian government is considering a major overhaul of the Goods and Services Tax (GST) system, moving from the current multi-tiered structure to a simplified two-slab model of 5% and 18%. This change could significantly impact household budgets and key industries. Key Proposed … Read more
