Tag: GST cuts
GST reforms to aid consumption, boost private capex: Assocham President Sanjay Nayar
The recent goods and services tax (GST) relief, on top of the income tax breather this year, may offer private firms what they want in…
Factory activity slows to 4-month low in September
India’s manufacturing activity slowed to a four-month low of 57.7 in September as growth in new orders, output and input buying rose at the slowest…
IIP growth in August eases to 4% over manufacturing dip
India’s industrial output growth eased marginally to 4% year-on-year in August due to a slowdown in manufacturing, but economists expect production to rebound in the…
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…
GST cuts to boost economy, but revenue loss could hit banking sector: Report
While the government has estimated an annual revenue loss of about Rs 480 billion, due to the reduced Goods and Services Tax (GST) rates on…
PMO seeks India Inc’s inputs on impact of additional US tariff
New Delhi: The Prime Minister’s Office (PMO) has reached out to large corporations, seeking their inputs on blunting the impact of the additional US tariff…
No tax cut, but luxury goods cos hopeful of indirect gains
Makers of luxury goods, jewellery, high-end bikes and premium chocolates, which will attract the same or slightly higher goods and service tax rates, are increasing…
Festive demand, GST cuts likely to cushion tariff impact: Bankers
Mumbai: Increased domestic demand during the ongoing festive season, aided by goods and services tax (GST) rate cuts, could boost the prospects of US tariffs-hit…
GST cuts: Structural reform, not stimulus
The Goods and Services Tax (GST) Council’s recent decision to rationalise slabs and cut rates has been widely celebrated as if it were a stimulus…
Tax tweak to tame CPI by 50-90 bps
Around one-fourth of items, mostly essential and household goods, in India’s inflation basket will be taxed at 5% following the goods and service tax cuts…