India GST Updates

NEW DELHI: India finalized a four-tier Goods and Services Tax (GST) structure – ranging from 5% to 28% – taking a significant step towards implementing the biggest reform of indirect taxes, which the government hopes will shield the common man from price shocks.

The fixing of rates by the GST Council marks a crucial milestone towards the rollout of the single tax that will replace various state and central levies and create a seamless national market for goods and services