Creative Bharat
MUMBAI: It has been a cracker of a Diwali for retailers this year as GST rate cuts has boosted consumption, enabling the middle class to add more items to their shopping bags this festive season. From lab-grown diamonds to casual wear and products to adorn their homes, both mass and premium segments of the market […]
An analysis by Crisil Ratings of 40 organised apparel retailers, accounting for a third of the sector’s revenue, indicates that the recent goods and services tax (GST) rationalisation will add about 200 basis points (bps) to revenue growth of India’s organised apparel retail sector this fiscal, keeping it steady at 13-14% for the second consecutive […]
The uniform 5% GST rate — versus the previous dual structure of 5% below ₹1,000 and 12% between ₹1,000 and ₹2,500 — has widened the consumption base. The recent goods and services tax (GST) rationalisation is set to lift revenue growth of organised apparel retailers by about 200 bps this fiscal, keeping the topline steady […]
In this article, we take a look at how irrespective of the income level you are at, there is more money in your pocket thanks to either tax cuts, EMI reductions or a combination of both. (AI image) This Diwali, you have more disposable income in your hands thanks to a triple bonanza of government’s […]
The recent rationalisation of Goods and Services Tax (GST) is expected to lift revenue growth in India’s organised apparel retail sector by about 200 basis points this fiscal, keeping it steady at 13-14 per cent for the second consecutive year, according to Crisil Ratings. The assessment is based on an analysis of nearly 40 organised […]
Eternal, which owns the Zomato and Blinkit brands, on Sunday said it has received a goods and services tax (GST) demand order from the Uttar Pradesh tax authorities along with applicable interest and penalty amounting to over Rs 128 crore. The demand order received from Deputy Commissioner, State Tax, Lucknow, Uttar Pradesh is with respect […]
NEW DELHI: While alcoholic liquor for human consumption remains outside the ambit of GST, recent reforms in this taxation have benefitted the industry indirectly. Campari Group (India) MD Shivam Misra has told TOI that several upstream and allied services in the value chain now carry clarified and, in many cases, concessional, rates. “For route-to-market, this […]
An additional policy rate cut is expected before the end of the year, alongside recent GST simplifications, indicating that peak fiscal consolidation is behind us. These factors, combined with domestic regulatory easing, are likely to foster a gradual recovery in credit demand, said a report by Goldman Sachs. “We expect an additional policy rate cut […]
India’s retail inflation is expected to decline further in October 2025, driven by a high base effect, delayed seasonality in food prices, and the full impact of recent GST reforms, according to a report by Union Bank of India. The report anticipates only a gradual pickup in price pressures in the months ahead. “Our projection […]
Dhanteras 2025 is turning into a record-breaking festival for Indian retailers, with strong demand across automobiles, electronics, and jewellery.Maruti Suzuki India expects to cross the 50,000-unit mark over the two-day festival, marking its highest-ever Dhanteras sales, said senior executive officer, marketing & sales, Partho Banerjee. “We are expecting around 41,000 deliveries today, with another 10,000 […]
