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tax reform news

GST reform: A people’s tax for Aatmnirbhar Bharat

PREMIUM
GST
governance
Published on Sept 09, 2025 07:36 pm IST

New GST rates: Which items will attract 5% tax and which ones 18%? Full details

Customers at a grocery store, in Mumbai, Thursday, Sept. 4, 2025. The GST Council, in its meeting on Wednesday, simplified the GST from the current four slabs to a two-rate structure - 5 and 18 per cent. A special 40 per cent slab is also proposed for a select few items such as high-end cars, tobacco and cigarettes.
india news
Updated on Sept 04, 2025 08:23 pm IST

Donald Trump's big plan: No tax for people earning under $150,000

Lutnick said Trump's policies are 'worth it' even if they lead to recession.
business
Published on Mar 13, 2025 01:05 pm IST

Trump wants to eliminate income taxes for all Americans, ‘There is a way’

Republican presidential nominee former President Donald Trump walks off stage after speaking at a campaign rally at Cherry Capital Airport, Friday, Oct. 25, 2024, in Traverse City, Mich. (AP Photo/Alex Brandon)
us news
Published on Oct 26, 2024 03:33 pm IST

Sheinbaum sworn in as Mexico's first female president, vows 'it is time for women'

Sheinbaum sworn in as Mexico's first female president, vows 'it is time for women'
world news
Published on Oct 02, 2024 01:41 am IST

GST needs reforms, state govts must have their say

PREMIUM
GST in India is still evolving and needs reform to ensure that its social marginal product is positive.. (PTI)
opinion
Updated on Jun 11, 2024 01:37 pm IST

Faceless I-T appeals launched, to help resolve about 85% cases

The technology-driven faceless assessment system also aims to end overreach by officials and the charter defines the rights and responsibilities of taxpayers.
india news
Published on Sept 25, 2020 05:02 pm IST

PM Modi highlights importance of compliance, urges more people to pay taxes

Prime Minister Narendra Modi launching the ‘Transparent Taxation-Honoring the Honest’ platform via video conference on Thursday.
business
Updated on Aug 13, 2020 12:01 pm IST

PM Modi to launch platform to honour honest taxpayers

Finance minister Nirmala Sitharaman thanked the PM for agreeing to launch the platform.
business
Published on Aug 13, 2020 06:07 am IST

GST faces challenge to meet higher revenue expectations

The Goods and Services Tax (GST) was passed in a joint session of parliament on 1 July, 2017
business
Updated on Jul 02, 2020 07:28 am IST

Gross Direct Tax collection grew 8% in FY20, says CBDT

In order to boost investments, the government in September last year gave a ₹1.45 lakh crore bonanza to the industry by drastically reducing corporate tax rates. (Representative Image)
business
Published on Jun 08, 2020 05:25 am IST

Budget may reform GST filing process

The budget is expected to announce several direct and indirect tax reforms including further simplification of income-tax laws
budget
Updated on Jan 25, 2020 05:19 am IST

GST rate reductions distorted tax structure, says Nirmala Sitharaman at HTLS

Union finance minister Nirmala Sitharaman at the HTLS Summit, Dec 7, 2019.
hindustan times leadership summit 2019
Updated on Dec 10, 2019 07:36 pm IST

‘GST has been one of the major tax reforms in the history of independent India...it’s a win-win situation for everyone’: Revenue secretary Ajay Bhushan Pandey

In the GST regime, incidence of tax on all commodities came down, says revenue secretary Ajay Bhushan Pandey
india news
Updated on Dec 01, 2019 11:07 am IST

Panel calls for tax reforms in mandis to tackle farm distress

Agricultural marketing in India is a complex system, with a mix of organised and unorganised markets. Farmers mainly sell in mandis, which are state-run market yards known as agricultural produce marketing committees (APMCs). (Shankar Mourya/HT Photo)
india news
Updated on Sept 11, 2019 07:34 am IST

What changed for businesses, people during Arun Jaitley’s watch

In 2014, the National Democratic Alliance (NDA) inherited an economy which was struggling with over-leveraged companies and banks saddled with a mountain of toxic assets.
business
Updated on Aug 25, 2019 10:14 am IST

2 years on, a look at the hits and hurdles of Goods and Services Tax

The experience so far has not been encouraging on the fiscal front. The budget numbers speak for themselves.
budget
Updated on Jul 01, 2019 08:23 am IST

GST Council may tighten rules to curb tax evasion

The federal indirect tax body, is set to take several steps to curb tax evasion in its first meeting to be chaired by new finance minister Nirmala Sitharaman on June 21.
india news
Updated on Jun 17, 2019 08:11 am IST

Direct tax reform to take centre stage in PM Modi’s second term

Narendra Modi after taking oath as the Prime Minister for second term in New Delhi on May 30.
india news
Updated on Jun 02, 2019 11:31 am IST

This is a forward-looking budget

Finance minister Piyush Goyal (centre) along with his full Budget team leaves for Rashtrapati Bhawan, New Delhi, February 1, 2019.
opinion
Published on Feb 01, 2019 08:38 pm IST

Full list of items set to get cheaper after GST Council tweaks tax slabs

The GST Council on Saturday tweaked the tax slabs slashing rates on several items. Among the things set to get cheaper are TV sets and computer monitors.
india news
Updated on Dec 22, 2018 06:09 pm IST

GST council slashes tax on TVs, cinema tickets; leaves cement untouched

Union finance minister Arun Jaitley said that monitors and TV screens, tyres, power banks (of lithium-ion batteries) have brought down from 28% to 18% slab
india news
Updated on Dec 22, 2018 08:23 pm IST

‘Working to bring 99% things in sub-18% GST slab,’ says PM Narendra Modi

Indicating that further simplification of the Goods and Services Tax is on the anvil, Prime Minister Narendra Modi said his government wants to ensure that ‘99 per cent things’ attract sub-18 per cent GST slab.
india news
Published on Dec 18, 2018 12:41 pm IST

Pakistan PM Imran Khan’s new problem: How to get people to pay taxes

Pakistani PM Imran Khan.
world news
Published on Nov 16, 2018 04:04 pm IST

The idea of a single tax slab in GST is flawed: Arun Jaitley

Jaitley said there could be scope, “depending on the collection going up, to merge some of the mid category slabs, but for that we have to see the progress of the new tax regime and the possible upward movement in the collections.”
business
Updated on Jul 01, 2018 02:52 pm IST

GST will continue to be simplified, says Piyush Goyal as tax reform completes 1 year

Goods and Services Tax (GST) came into effect exactly a year ago, on July 1, 2017, replacing myriad taxes and, more importantly, taking away the power of the states to levy taxes and instead bestowing this power with the GST Council, a body composed of the state finance ministers and the Union minister.
india news
Updated on Jul 01, 2018 12:08 am IST

First year of GST an example of taxpayers’ readiness to partner in tax reform: Finance ministry

The finance ministry said GST subsumed over a dozen local levies and transformed India into “one nation, one tax” and binds the country into an economic union.
india news
Published on Jun 30, 2018 02:25 pm IST
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