The GoM reiterated their commitment to undertake necessary measures to improve the financial position of power distribution companies. The Group of Ministers (GoM) chaired by Union Minister of Power ...

A group of ministers (GoM) approved, in principle, the Union government’s proposal to reduce the number of Goods and Services Tax (GST) brackets from four to two main slabs in order to substantially ...

The Group of Ministers (GoM) on Rate Rationalisation, formed by the Goods and Services Tax (GST) Council, has decided to accept the Centre’s two-rate structure proposal for GST and will be ...

A Group of Ministers (GoM) has accepted a proposal to streamline the GST rate structure, reducing it from four slabs to two. The existing 12% and 28% rates would be eliminated, leaving standard rates ...

A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday saw states endorsing the Centre’s proposal to streamline the indirect tax system by cutting down the number of ...

The proposal, placed before the six-member GoM led by Bihar Deputy Chief Minister Samrat Choudhary, aims to replace the current four rates of 5, 12, 18 and 28 per cent with just two main slabs.

New Delhi: The Group of Ministers (GoM) on GST rate rationalisation, chaired by Bihar Deputy Chief Minister Samrat Choudhary, has endorsed the Centre’s proposal to scrap the 12% and 28% GST slabs, ...

The Group of Ministers (GoM) on GST rationalisation has accepted the Centre’s proposal to move to a simplified two-slab Goods and Services Tax (GST) structure of 5% and 18%. Bihar Deputy Chief ...

ETMarkets.com Prime Minister Narendra Modi, in his Independence Day address, had described the overhaul of the eight-year-old tax system as a “Diwali gift” to the people. This move could provide ...

A crucial meeting of the GoM of state finance ministers on GST rate rationalisation began on Thursday as they started deliberation on the Centre's proposal to reduce tax slabs to 5 and 18 per cent.

NEW DELHI: In a significant move in the process of further simplifying India’s tax framework, the Group of Ministers (GoM) has reportedly given its consent for the Goods and Services Tax (GST) rate ...