Centre, States Equal Stakeholder In GST, Revenues Shared Equally: Report

Amid news regarding the impact of the 'Next Gen GST', government sources clarified that the Centre is an equal partner in revenue sharing with the states and that its proposal anticipates a revenue boost over time, driven by increased consumption.

An overhaul of the Goods and Services Tax, or GST, framework - hailed as "next-generation" by PM Modi in his Independence Day speech ast week - is expected to slash prices of daily-use items by rationalising number of tax slabs.

Prime Minister Narendra Modi on Sunday said the Centre has circulated the draft of the next-generation GST reforms among states and sought their cooperation to implement the proposal before Diwali.

Centre may cut GST on cars, bikes, ACs, and materials to make them cheaper by Diwali. Here are the details you must check out.

Tamil Nadu Chief Minister M K Stalin has written to Prime Minister Narendra Modi, warning that the steep US tariff hikes on Indian imports could deal a crippling blow to the state's export-driven economy.

The Centre has proposed that only two slabs for Goods and Services Tax (GST) be retained - 5 per cent and 18 percent - as per sources.

India is set to witness major reforms in the Goods and Services Tax (GST) regime this year. These "next-generation" reforms would drop by before Diwali, Prime Minister Narendra Modi promised this morning.

n his speech, the Prime Minister presented India's roadmap for self-reliance by 2047 and announced several schemes to empower youths, women and business.

Prime Minister Narendra Modi has promised a Diwali gift for the citizens of the country in his speech on the occasion of the 79th Independence Day.

The Enforcement Directorate (ED) conducted extensive search operations on Thursday at 12 locations spread across Jharkhand, West Bengal, and Maharashtra in connection with a case linked to fraudulent GST invoices.

India's Goods and Services Tax (GST) collections rose to Rs 1.96 lakh crore in July, up 7.5 per cent from the same month previous year, according to government data released on Friday.

The Commercial Taxes Department of Telangana has uncovered a significant Goods and Services Tax (GST) fraud amounting to over Rs 100 crore allegedly orchestrated by Hyderabad-based M/s Keshaan Industries LLP.

Freelancers in India must understand tax rules like TDS, GST, and ITR filing to avoid penalties and legal trouble. Awareness of these rules ensures financial safety and builds credibility in the professional world.

Small vendors and traders across Karnataka have raised serious concerns after receiving GST notices from the commercial tax department for UPI-based transactions exceeding Rs 40 lakh annually.