Tag: gst reforms
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 could add Rs 20 lakh crore to GDP: Ashwini Vaishnaw
Rationalisation of GST rates along with Income Tax relief in the 2025-26 Budget will take India’s economy “to another level”, Union minister Ashwini Vaishnaw said…
GST reductions to boost cooperatives, farmers, rural enterprises
The sweeping GST reforms unveiled this week will strengthen the cooperative sector, make their products competitive, increase demand for their products and increase the income…
GST reforms got nothing to do with any external factors: Ashwini Vaishnaw
Works for the recently-unveiled next-generation GST reforms had started around one-and-a-half years ago, and it has nothing to do with any external factors, Union minister…
GST reforms transformative, will ensure tax certainty: CBIC chief
The goods and services tax (GST) reforms proposal announced this week will be ‘transformational’ for India’s indirect tax system, Central Board of Indirect Taxes and…
GST reforms will mitigate the US tariff impact on the Indian Economy
New Delhi: Forward-looking policies, including goods and services tax (GST) reforms, have mitigated the effect of US tariffs on the Indian economy, said Yogesh Mandhani,…
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…
GST rationalisation in textiles to remove distortions, support exports
NEW DELHI: The rationalisation of GST rates for the textile sector is expected to reduce costs, support exports, sustain jobs and stimulate domestic consumption to…
‘Double dose for growth’: PM Modi hails GST 2.0, attacks Opposition
The changes in the Goods and Services Tax regime is a double dose of support and growth for the nation and the next-generation reforms have…