Tag: GST rate rationalisation
In Graphics: How GST cuts triggered a rally for Indian businesses
The rationalisation in the goods and services tax rates last September delivered a larger-than-expected expansion in the tax base, with higher taxable supplies more than…
As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processes
New Delhi: As India enters the tenth year of rollout of the Goods and Services Tax, the focus is shifting from implementation to efficiency through…
GST reforms may reduce retail inflation by 35 basis points in 2025-26: SBI report
The decline in Consumer Price Index (CPI) or retail inflation due to massive GST rate rationalisation has been around 25 bps so far in the…
GST rate rationalisation has largely fixed inverted duty structure, says Sitharaman
Finance minister Nirmala Sitharaman on Tuesday said the recent goods and services tax (GST) rate rationalisation has “largely corrected” the inverted duty structure faced by…
GST revenue in FY26 to exceed budget estimates, says SBI Research
The Goods and Services (GST) revenue for the Financial Year 2026 (FY26) will still be higher than budgeted collections, according to SBI Research. The report…
Simpler on paper, complex in practice: Auto industry grapples with new GST framework
The GST Council’s recent decision to rationalise taxes on several products, including automobiles has created a structural shift in India’s indirect tax framework. By moving…
Shed hesitation, expand capacity: FM’s message to India Inc
Finance minister Nirmala Sitharaman on Thursday urged India Inc to shed hesitation and make investments in capacity expansions, taking advantage of the government’s policies and…
States should get compensation for GST revenue loss; eco growth should benefit all: Kerala FM Balagopal
New Delhi: Kerala Finance Minister KN Balagopal on Sunday said GST rate rationalisation benefits should be passed on to the common people, but if there…
After cut in GST, CBIC orders price tracking of 54 items
New Delhi: The Central Board of Indirect Customs and Taxes (CBIC) has directed its field formations to track price changes for various commodities before and…
CBIC to meet trade bodies, industry on smooth rollout of GST reforms
New Delhi: The Central Board of Indirect Taxes & Customs (CBIC) is set to hold a meeting with industry associations and trade bodies to discuss…