The Centre has proposed reforms in GST by reducing the number of slabs under Goods and Services Tax (GST) to 2 (5 and 18%) ...

The six-member panel, led by Bihar Deputy Chief Minister Samrat Choudhary, agreed to phase out the current four-tier framework of 5, 12, 18 and 28 per cent.

Under Centre’s proposed plans, government wants to reduce the current rate structure to just two slabs of 5 percent and 18 percent, removing 12 percent and 28 percent rate tiers.

The final Value Added Tax (VAT) rate that will be paid by businesses is expected to be reduced from 22% to 20 % from 2026.

The Group of Ministers on rate rationalisation endorsed the Centre’s plan to introduce a simpler structure, replacing the ...

Flipkart and Amazon are in discussions with brands regarding the potential impact of the proposed GST reduction on demand.

Changes Louisiana lawmakers made to state tax policy last fall will reduce the overall burden on most households by ...

The new system is a step towards a simpler mode in India's seven-year-old GST regime, originally conceived as a single ...

The Danish government announced this week that it planned to make books exempt from a 25 percent value-added tax.

A Good and Simple Tax that's "simpler, more transparent" and which will "help us in curbing black money and corruption and ...

There is a fine line between political populism and fiscal prudence, if not in tax collections, then in the idea of taxation itself ...

India's federal government has not quantified the loss to the exchequer due to a lowering of the goods and services tax rates but a state ministers' panel has endorsed the new rate structure, state ...