Creative Bharat
New Delhi, The GST rate cuts, that kicked in on September 22 will give a big push to economic growth in Andhra Pradesh across sectors ranging from the fishing harbours of Visakhapatnam to the auto hubs of Anantapur and Chittoor as well as the coffee plantations of Araku Valley and the craft clusters of Kondapalli […]
Alongside World Food India 2025, organized by the Ministry of Food Processing Industries (MoFPI), Rodl & Partner released a landmark paper outlining strategic pathways to strengthen India’s fast-growing pet food sector. MoFPI and EY also co-hosted a special session on “India’s Pet Food Industry: Scaling for Domestic & Global Growth” at Bharat Mandapam, Pragati […]
Many original equipment manufacturers (OEMs) are offering attractive discounts, over and above the GST rate cut, which is also leading to more footfalls at the showrooms | Photo Credit: The inventory levels of passenger vehicles (PVs) are believed to have come down substantially for the first time in many years since September 22 when GST […]
Diwali shoppers may feel the excitement of GST 2.0, with headlines promising lower taxes on televisions, air-conditioners, cars, and other goods. At first glance, the new GST slabs — simplified to 5%, 18%, and 40% — appear to deliver a straightforward win for buyers. The government hopes the reform will reduce prices, simplify compliance, and […]
Consumer durables and electronics companies are witnessing a sharp spike in sales this Navratri, driven by pent-up demand and recent GST rate cuts. Several players report that online sales are outpacing offline growth. “In the first eight days of Navratri, we have garnered 60 per cent year-on-year growth. This is due to huge pent-up demand […]
Business graph istock photo for BL | Photo Credit: Mohammed Haneefa Nizamudeen The National Consumer Helpline has received about 3,000 complaints related to GST since its introduction of revised rates. Some of these complaints are being sent to Central Board of Indirect Taxes and Customs (CBIC) for further action. Consumer Affairs Secretary Nidhi Khare said, […]
The FMCG sales were impacted due to low demand witnessed in July and August owing to heavy rainfall across the country Low demand and the transition to new Goods and Services Tax (GST) rates is seen to have a negative impact on the sales of fast-moving consumer goods (FMCG) companies that are expected to report […]
This Navratri, rural India is spending more on cars, motorcycles, televisions, beauty products, and premium watches, with several categories outpacing pre-GST sales figures.The trend signals a strong revival in entry-level demand following the overhaul of the goods and services tax (GST). More vehicles sold in rural India Automakers like Maruti Suzuki, Hyundai and Tata Motors […]
Tattva Wellness Spa, India’s largest and fastest-growing spa chain with 100+ outlets across 45 cities, today announced the implementation of the revised Goods and Services Tax (GST) on spa therapies. This follows the Government of India’s recent notification reducing the tax rate on spa services from 18% to 5%. […]
Urging Oil Minister Hardeep Singh Puri’s intervention, FICCI fears that the additional GST imposed on capital goods used for petroleum and CBM operations will “disrupt” various upstream exploration and production (E&P) projects signed between government and operators. The industry body in a letter to the Oil Minister pointed out that the government had assured these […]
