The Group of Ministers (GoM) on GST has approved a major overhaul of India’s tax structure, paving the way for a simplified two-slab system. The proposal, cleared after extensive deliberations, replaces the existing 12% and 28% GST rates with a dual structure of 5% and 18%. The plan is set to be tabled before the … Continue reading India Plans 40% GST Slab for Sin and Luxury Goods