Tag: gst cut
Sales glut pips tax cut as GST mop-up keeps rising
Gross collections of goods and services tax (GST) rose 4.6% on-year to Rs 1.95 lakh crore in October, reflecting robust local consumption that helped offset…
GST 2.0: Centre monitoring whether e-commerce platforms are passing on tax benefits to consumers
The government is closely monitoring whether the recent Goods and Services Tax (GST) reduction on fast-moving consumer goods (FMCG) is being reflected in lower prices…
CBIC asks staff to track prices before, after GST cut
New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has asked its field officials across the country to collect information from dealers and…
GST not applicable on post-sale discounts given by manufacturers to dealers
Post-sale discounts given by manufacturers to dealers intended solely for competitive pricing and promoting sales will not be subject to GST, the Central Board of…
GST cuts will boost consumption by Rs 1 lakh crore in FY26, inflation to decline by 40 bps: BoB
Consumption in India is expected to register a net gain of nearly Rs 1 lakh crore from September onwards, driven by the recent Goods and…
GST cut may lift drone sales, boost R&D, say startups
Drone startups believe the Goods and Services Tax (GST) rate cut would leave them with surplus funds to invest in research and development (R&D) to…