Tag: GST rate cuts
GST collection sparkles despite wholesale cuts; Govt foresees marginal shortfall from budget estimates, upbeat about Oct numbers
New Delhi: India’s goods and services tax (GST) revenues have remained robust even after early September’s sweeping structural rationalisation that slashed rates on 99% of…
India’s growth outlook for FY26 remains strong, says Finance Ministry
India’s growth outlook for the current fiscal year remains strong, supported by domestic demand, a favourable monsoon, lower inflation and the recently introduced GST rate…
GST reduction boosts sales, consumption likely to stay strong: Sitharaman
Finance minister Nirmala Sitharaman said the reduction in goods and services tax (GST) rates from September 22 spurred consumption. She exuded confidence that the demand…
How’s the Josh after Diwali gifts? Sitharaman, Vaishnaw state how Indians gained from GST cuts
Nearly a month after the new Goods and Services Tax (GST) rates came into effect, Finance Minister Nirmala Sitharaman and IT & Railways Minister Ashwini…
India’s retail inflation falls to 8-year low in September
New Delhi: India’s retail inflation eased to 1.5% year-on-year in September, lowest since June 2017, driven primarily by a decline in food prices, official data…
September GST collection rises 9%, defies slowdown expectations
India collected Rs 1.89 lakh crore as goods and services tax (GST) in September, up 9.1% year-on-year, official data showed on Wednesday, defying expectations of…
Govt puts e-comm platforms on radar for GST rate cut benefit compliance
The government has placed e-commerce platforms under scrutiny as it monitors prices of daily use FMCG products ranging from shampoo to pulses to ensure that…
Recent GST rate cuts to help lower inflation by next year: Finance Ministry report
Recent GST rate cuts will help lower inflation over the next year and also bring a further upside bias to the country’s growth prospects, the…
ET poll: Economists predict RBI to hold policy rates steady amid economic uncertainty
A significant majority of economists polled by ET expect the Reserve Bank of India (RBI) to keep policy rates unchanged next week despite ostensible headroom…
Short end of the GST stick makes one shine, leaves another guessing
As the government’s GST rate cuts draw applause, two winners have already emerged — the Indian consumer and FMCG firms. The sector left holding the…