The comprehensive overhaul of the rate structure of the goods and services tax (GST) under the Next Gen reforms is seen to have significantly lowered the tax liability on households, which is expected ...

Inverted Duty Structure: The Goods and Services Tax (GST) was introduced in 2017 with the promise of “One Nation, One Tax.” While it simplified many indirect taxes, it also created some unexpected ...

New Delhi: Central and state governments will retain the current framework of the indirect tax system and maintain the existing goods and services (GST) tax rates as they assess the impact of recent ...