The Goods and Services Tax (GST) in India is an indirect tax that has replaced many previous indirect taxes such as excise duty, VAT, and service tax. GST is levied on the supply of goods and services ...

Finance minister Nirmala Sitharaman on Wednesday announced sweeping changes to the Goods and Services Tax (GST) regime after the 56th GST Council meeting in New Delhi. A landmark decision also exempts ...

At its 56th meeting on September 3, 2025, the GST Council announced a simplified tax structure comprising two main slabs, 5% and 18%, alongside a special 40% rate applicable only to designated “sin ...

Union Finance Minister Nirmala Sitharaman on Wednesday announced a major policy shift: individual life and health insurance policies will now be fully exempt from Goods and Services Tax (GST). Termed ...

Dipti Deshpande says GST rate cuts not a large kicker of growth but will help offset some export slowdown, need incomes to grow for sustainable growth in private final consumption expenditure ...

The GST rates are coming down on Monday, and several things will become cheaper for the public. This comes after the GST Council slashed the tax rates, keeping just two broad slabs of 5 per cent and ...

GST 2.0: Big festive bonanza for consumers. Starting September 22, multiple products of daily use will see a price reduction as revised Goods and Services Tax (GST) of two slabs come into effect.

What is the GST rate on food preparations not elsewhere specified in any of the schedules? Food preparations not elsewhere specified will attract a GST rate of 5%. What is the reason for the 40% rate ...