Much jubilation about income tax cut, but millions will fall out of the income tax net,” Ranade wrote, pointing out a ...

The GST Council, which includes representatives from both the central and state governments, meets regularly to review tax ...

POLICY & RESOURCES president Lyndon Trott has warned that GST will need to be higher than 5% to repair the States’ battered ...

The new direct tax code or the new income tax bill announced by Finance Minister Nirmala Sitharaman in the Union Budget, is ...

(a) the total amount of GST collected along with proportional contribution from the lowest income groups, middle-income groups and high-income groups in the last five years; ...

While the Centre is keen on doing away with the 12% GST slab, states on the rate rationalisation panel have, so far, only ...

Summary: The Finance Bill 2025 presents significant updates in both direct and indirect taxes aimed at improving business ease, reducing litigation, and widening the tax base. Direct tax proposals ...

The need of the hour is to expand the tax base because in a country of 140 crore, 3 crore is already abysmally low and it ...

The former Delhi Chief Minister said that a large portion of the public exchequer is spent on the loan waivers for ...

The GoM had also suggested lowering the GST rate on all individual health insurance policies to 5%, without the option of ITC ...

The government had set up a ministerial panel, the Group of Ministers (GoM), to examine GST rate rationalisation.