TaxReform

GST Shake-Up: 12% Slab Out, What Gets Cheaper (or Pricier)?

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GST Shake-Up: 12% Slab Out, What Gets Cheaper (or Pricier)?

The GST Council is set to shake up India’s tax structure by potentially eliminating the 12% tax slab, reducing the total number of major slabs from four to three. This significant move, aimed at simplifying the Goods and Services Tax (GST) framework, is expected to be discussed at the Council’s meeting in late June or … Read more

GST Overhaul: Industry Demands Wider Tax Base & Lower Rates

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GST Overhaul: Industry Demands Wider Tax Base & Lower Rates

India’s industry leaders are pushing for a major shake-up of the Goods and Services Tax (GST) system. They’ve formally asked the government to bring key sectors like petroleum products, electricity, and real estate under the GST umbrella. The goal? To broaden the tax base and, in turn, reduce overall GST rates for everyone. Why the … Read more