The GST Council could reduce the four tax slabs that currently exist – 5%, 12%, 18%, and 28% – to three – 8%, 18%, and 28% – two government officials familiar with the matter said on condition of anonymity, adding that the move is aimed at increasing tax revenue by […]
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GST collections fall 5.3% to Rs 95,380 cr
Goods and services tax (GST) collections by the central and state governments fell 5.3% year-on-year to Rs 95,380 crore in October, but saw a 3.8% improvement over September collections, the finance ministry said. According to the finance ministry statement, GST collections in September were at Rs 91,916 crore, while […]