Tag: gst council
Which sectors will gain from new GST reforms beginning from Monday?
The Goods and Services Tax (GST) Council has approved wide-ranging reforms that will impact key sectors of the economy, including food, housing, automobiles, agriculture, healthcare,…
New GST reforms set to inject Rs 2 Lakh Cr into economy: Finance minister Sitharaman
New Delhi: The recent goods and services tax reforms will help pump in ₹2 lakh crore into the economy, finance minister Nirmala Sitharaman said on…
Tax clarity, global competitiveness: How GST 2.0 delivers for exporters
The Goods and Services Tax (“GST”) has remained a cornerstone of India’s economic reform agenda, progressively evolving to balance the twin imperatives of revenue stability…
GST reforms not linked to Trump tariffs, clarifies Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday said the Goods and Services Tax (GST) reforms were planned well in advance and not a reaction to the…
GST Council eases rules on credit notes, relief for FMCG players
The GST Council has given relief to businesses, particularly fast-moving consumer goods companies, by removing the rule that required credit notes to be linked with…
IESA hails GST 2.0, terms it a step forward to meet India’s energy storage needs
Industry body India Energy Storage Alliance (IESA) on Monday hailed the new tax regime under GST 2.0, saying it marks a significant step forward in…
Spurt in consumption to drive revenue buoyancy, to meet fiscal deficit target of 4.4%: Sitharaman
Finance Minister Nirmala Sitharaman has expressed confidence that revenue buoyancy driven by spurt in consumption will take care of the estimated GST shortfall of Rs…
GST Council’s decision to simplify tax structure will make taxation more ‘transparent’: IOB
The GST council‘s decision to simplify the tax structure would make taxation more ‘transparent’ and boost consumption over 8-10 per cent in rural markets, a…
‘Ek baar aap GST dekh lo’: PM Modi’s nudge ushered in biggest GST reform in 8 years
Ek baar aap GST dekh lo!’ – Prime Minister Narendra Modi’s gentle nudge to Finance Minister Nirmala Sitharaman in December last year sparked the beginning…
GST reforms will cause Rs 3,700 crore revenue loss to govt: SBI report
The State Bank of India (SBI) in its latest research report said that reforms in GST through reduction in rates will cause a minimal revenue…