GST rates on clothing and footwear in India vary based on price, material, and embellishment. Garments and shoes priced above ...

The government is reviewing the 8-year-old GST structure, focusing on reducing tax rates on consumer goods currently under ...

Under GST, garments and apparel fall under Chapters 61 (knitted or crocheted) and 62 (non-knitted) of the Customs Tariff Act, 1975. The applicable GST rate is driven by the value of the individual ...

After a series of income tax concessions earlier this year, the Centre is now preparing to extend relief to middle and lower-income households in the form of a reduction in Goods and Services Tax ...

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's urban consumption has fallen prey to stagnant wages and tighter lending conditions since FY24, but experts indicate that income tax cuts, falling inflation, and a long-pending proposal to ...

A Cuban minister who sparked criticism after saying that there are no beggars in Cuba, only people disguised as such, ...

Only about one-quarter of U.S. adults say that President Donald Trump’s policies have helped them since he took office, ...

Next GST Council meeting may eliminate 12% tax slab and shift items to other slabs The 56th GST Council meeting is due soon. Its agenda is expected to include items such as GST slab rate ...

Rate rationalisation will improve GST system Some rates need to be reassessed, key sectors must be brought under GST, and appellate tribunal should be operationalised ...

GST Council to discuss reducing 12% tax slab and finalizing service intermediary tax treatment, aiming to simplify and rationalize rates.

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 ...