Tag: gst
GST Rate cuts: The ₹2 lakh crore cash in hand for Indians may do wonders
India woke up this morning to cheaper milk, ghee, soya chunks, medicines, and even cars. The country’s much-awaited GST 2.0 reform officially kicked in on…
Lower GST rates to ease tax burdens, empower MSMEs, and accelerate formalisation: Report
The government’s announcement of GST 2.0 will not only ease tax burden on households, empower MSMEs, and accelerate formalisation, but also bring India closer to…
GST reforms to inject Rs 2 lakh cr into economy, boost demand across sectors
Kolkata: Union Finance Minister Nirmala Sitharaman on Thursday said the latest round of Goods and Services Tax (GST) reforms will pump around Rs 2 lakh…
Centre revamps GST annual returns, clarifies jurisdiction of GSTAT principal bench
The centre has introduced significant changes to the Goods and Services Tax (GST) regime, by revamping the annual GST returns and provided clarity on the…
India-US relations positive, every situation will be addressed satisfactorily: Piyush Goyal
Mumbai, Sept 17 Union Commerce Minister Piyush Goyal on Wednesday said relations between India and the US remain positive as leaders of both countries are…
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…
Retail inflation climbs to 2.1% in August as food prices soar
NEW DELHI: India’s retail inflation accelerated to 2.1% yearon-year in August from an eight-year low of 1.6% in July, as food prices increased, official data…
Tax clarity, global competitiveness: How GST 2.0 delivers for exporters
The Goods and Services Tax (“GST”) has remained a cornerstone of India’s economic reform agenda, progressively evolving to balance the twin imperatives of revenue stability…
Fitch raises GDP forecast to 6.9%, says reforms to boost consumption
New Delhi: The GST reform will stimulate consumption and reduce risks to the economic growth outlook as higher US tariffs threaten export demand, Fitch Ratings…
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…