India adopted the GST in 2017, sweeping in more than a dozen domestic state taxes in a bid to unify the economy on the principle of "one nation, one tax, one market". It was hailed as the biggest tax reform since independence from Britain in 1947.

The GoM, led by Bihar Deputy Chief Minister Samrat Choudhary, will meet in person at Vigyan Bhawan on August 20–21, beginning at 12 noon. A six-member state panel will discuss the Union government’s proposal to shift to a two-slab GST system.

The proposed Goods & Service Tax (GST) reforms, entailing only two primary slab rates against the current five, is likely to have a deflationary effect on the economy, giving the RBI’s rate-setting panel the wiggle room to cut the policy repo rate by 25-50 basis points to support growth going ahead, say experts.

A report by Tata Mutual Fund highlighted that the life and health insurance, currently taxed at 18%, could fall to 5% or even zero in select cases. This move would make policies more affordable, encourage wider adoption,

Indian stock markets soared today after Prime Minister Narendra Modi announced sweeping reforms to the Goods and Services Tax. The proposal cuts four tax slabs down to just two, with everyday items and even cars likely to get cheaper.

The Indian automotive industry could soon witness a GST cut on cars, and here's what the cut holds for the buyers and manufacturers.

The report suggests that if the GST rate for smaller cars is reduced from the current 28% to 18%, consumers may see a price decrease of approximately 8% on these vehicles.

The Government of India is reportedly considering GST (Goods and Services Taxes) reforms by slashing taxes on the purchase of entry-level two-wheelers and smaller four-wheeler vehicles.

Narendra Modi's administration revealed plans over the weekend for the largest tax overhaul since 2017, with consumer, auto and insurance companies likely to emerge as the biggest winners.

Industry body calls for lower GST on mobile phones, citing their vital role in digital inclusion and affordability for over 90 crore Indians.