Speaking at an AIMA event, Chief Economic Advisor V Anantha Nageswaran noted that the US tariff hikes may have only a limited short-term effect on GDP, while GST-driven domestic demand could provide resilience. | Photo Credit: George Verghese 4772@Chennai A GST rate cut is likely to limit tariff-related impact on economic growth, based on changes […]
New Delhi: The Central Board of Indirect Taxes & Customs (CBIC) is set to hold a meeting with industry associations and trade bodies to discuss the implementation of recent GST reforms and rate rationalisation. CBIC chief Sanjay Kumar Agarwal has also urged field formations for proactive outreach to assist businesses in ensuring a smooth transition. […]
Mahindra & Mahindra on Saturday announced a reduction of up to Rs 1.56 lakh across its passenger vehicle range, passing on the benefit of the GST rate cut to customers.The move comes after the revamped Goods and Services Tax (GST) structure was cleared at the 56th GST Council meeting on September 3. The revised prices […]
Calling the landmark GST overhaul a “people’s reform”, finance minister Nirmala Sitharaman said the sweeping rationalisation of tax rates across nearly 400 products will benefit every family, lower household bills, and boost consumption, giving a fresh push to the economy.In an interview to PTI, Sitharaman emphasised that she would personally monitor whether the benefits of […]
The 56th GST Council’s decision to rationalise Goods and Services Tax (GST) rates has drawn strong support from India Inc, with senior finance leaders across industries calling it a timely reform that will spur demand, ease compliance, and free up working capital. The GST Council this week approved a two slab rate structure of 18% […]
Representative Image (AI-generated) Life Insurance Council, a forum for stakeholders in the sector, has requested the GST Council and the finance ministry to reduce GST on agents’ commissions from 18% to zero. The request comes after GST on premiums and reinsurance were brought down to zero.The council feels that if agents’ commissions continue to attract […]
The GST Council had announced a major simplification by moving to a two-tier tax structure of 5 per cent and 18 per cent, effective from September 22, 2025, with a few selected items attracting a higher rate of 40 per cent. Under this reform, investment advisory firm HDFC Tru noted in its report that the […]
The GST Council’s decision to slash tax rates on everyday essentials and personal-use products ahead of the festive season is expected to revive domestic consumption, lift rural demand, and strengthen growth in the FMCG sector, industry leaders said on Thursday.According to news agency PTI, FMCG companies plan to pass on the benefits to consumers either […]
The GST Council’s decision to slash tax rates on everyday essentials and personal-use products ahead of the festive season is expected to revive domestic consumption, lift rural demand, and strengthen growth in the FMCG sector, industry leaders said on Thursday. According to news agency PTI, FMCG companies plan to pass on the benefits to consumers […]
India faces an affordable housing shortfall of 9.4 million units, a gap expected to swell to 30 million by 2030. While demand continues to rise, new supply has slowed, and limited private investment has further widened the deficit. Closing this gap will require bold reforms and coordinated efforts by government, developers, financial institutions, and civil […]
