GST rates on clothing and footwear in India vary based on price, material, and embellishment. Garments and shoes priced above ₹1,000 attract 12% GST, while cheaper options face 5%. Sarees, unstitched ...

The Goods and Services Tax slabs may be revamped soon, according to media reports. The government is planning to lower GST rates for household items, the reports claim. Gross GST collections reached a ...

The Centre believes that lower prices will drive higher sales, ultimately resulting in a tax base and increased long-term GST collections. Finance Minister Nirmala Sitharaman, in a recent interview, ...

India will not overhaul its Goods and Services Tax (GST) regime in the next fiscal year, a senior official said on Monday, delaying a move it has been considering for more than a year to simplify ...

Presently, there are four tax slabs under the GST regime in India – 5 per cent, 12 per cent, 18 per cent and 28 per cent. Here are the items that are placed under 12 per cent GST slab .

The GST Council is considering a reduction of tax slabs from four to three by eliminating the 12 per cent rate. Written By Riya R Alex Published 5 Jun 2025, 09:37 AM IST ...

The maximum permissible Goods and Services Tax (GST) rate is likely to be raised beyond 40 percent, up from the current legal limit, to account for the revenue loss arising from the expiry of the ...

The GST Council may propose reducing GST slabs from four to three by eliminating the 12% slab, aiming for a revenue-neutral tax structure. Tuesday, Jul 22, 2025 New Delhi o C ...