Tag: gst
GST rate cuts will improve affordability and give a fillip to consumption: Morgan Stanley
Global investment bank Morgan Stanley notes that the rationalisation of the Goods and Services Tax (GST) structure, approved by the GST Council, is expected to…
GST 2.0: Biggest gainers and losers of the new tax regime
Finance Minister Nirmala Sitharaman on Wednesday unveiled tax cuts for hundreds of consumer items, from soap to electronics. India will now have two major slabs…
GST 2.0 FAQS: Will large cars attract cess? What rate has been set for insurance premium? Will cigarettes get costlier? Check details
GST tax rates on common use items ranging from hair oil to corn flakes, TVs, and personal health and life insurance policies were slashed after…
Govt delivers ‘GST Diwali bonanza’: Cheaper essentials, big relief on insurance premiums
The Centre and states on Wednesday approved the biggest overhaul of the country’s goods and services tax (GST), eight years after it was launched. The…
A spoonful of policy change: Why a lower tax slab for ghee under GST 2.0 is good for hearts, homes, and farmers
As an increasing number of people seek to adopt healthier lifestyles, essential ingredients such as ghee are once again becoming staples of many diets. A…
Easing working capital under GST: Unlocking the value of accumulated ITC in GST 2.0
As India commemorates eight years of GST, the business community is increasingly vocal about the need for reforms that enhance working capital efficiency. Reflecting on…
GST rate rationalisation: Is there a second wind coming?
The Government has always blown hot and cold whenever the topic of Rate Rationalisation in Goods and Service Tax (GST) has come about. From an…
Still not packaged well: GST adds to manufacturing woes, calls for simplification grows
Late in December 2024, the munchy popcorn found itself in the spotlight amid different tax rates proposed by the GST Council based on its sugar…
GST 2.0: Paving the way for India’s trade and economic growth
The Economic Survey 2023-24 highlights the crucial role of indirect taxes in India’s economic framework. In FY24, gross GST collections soared to Rs 20.18 trillion,…
Navigating the evolution of Input Service Distributor under GST
The concept of Input Service Distributor (“ISD”) has passed through from the Service Tax regime to the GST regime. Despite the concept not being new,…