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Food-processing sector a major beneficiary of GST cuts, solving classifica
Updated : 5 months, 1 week ago IST
The food-processing sector has been a major beneficiary of the recently announced rationalisation of GST rates, with most products witnessing a decline to a 5 per cent GST slab.
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Network connectivity impacted as Microsoft reports multiple subsea fibre c
Updated : 5 months, 1 week ago IST
Azure users may experience increased disruptions when traffic from the Middle East originates in or terminates in Asia or Europe, the company said in a service health status update.
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GST reform will supercharge Indian economy: Rice Exporters' Federation's D
Updated : 5 months, 1 week ago IST
The recently announced next-generation Goods and Services Tax (GST) reforms will significantly benefit India's agriculture sector, particularly the rice industry, Indian Rice Exporters Federation's Vice President, Dev Garg, said.
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Nirmala Sitharamam says she will personally monitor whether GST benefits b
Updated : 5 months, 1 week ago IST
Finance Minister Nirmala Sitharaman has promised that she will personally monitor the passing on of GST rate cuts by the businesses to the consumers.
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GST reforms most positive for footwear, quick restros, FMCG, grocery retai
Updated : 5 months, 1 week ago IST
Global financial services firm Bernstein also echoed similar sentiments to those of several other experts that the sweeping GST rate cuts will boost India's consumption.
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GST rate cuts could push India's FY26 fiscal deficit above target: JM Fina
Updated : 5 months, 1 week ago IST
The tax revenue foregone due to GST rate cuts will eventually push India's fiscal deficit above the government's target of 4.4 per cent of GDP in FY26, unless the gap is absorbed by slowing down capital expenditure intensity, according to a report by JM Financial.
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FM Nirmala Sitharaman explains motive of GST reforms, says "focus will be
Updated : 5 months, 1 week ago IST
Union Finance Minister Nirmala Sitharaman on Friday announced that the foremost priority of the government is to ensure that the benefits of the GST tax reforms reach all the common people of the country.
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FM Nirmala Sitharaman explains motive of GST reforms, says "focus will be
Updated : 5 months, 1 week ago IST
Terming the GST reforms as a "big vigilance" exercise, the Union Minister mentioned that the government has a lot of work after September 22 and expressed confidence that the benefits of the GST reforms will reach the common people.
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GST 2.0 to boost FMCG consumption, larger packs items to get benefit from
Updated : 5 months, 1 week ago IST
The latest Goods and Services Tax (GST) rate rationalization is expected to give a strong boost to the fast-moving consumer goods (FMCG) sector, according to a report by Nuvama.
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GST rate rationalisation to cause Rs 10,664-crore shortfall in IGST receip
Updated : 5 months, 1 week ago IST
The central government is expected to face a revenue shortfall of Rs 10,664 crore in Integrated Goods and Services Tax (IGST) receipts due to the recent GST rate rationalization, according to an analysis report by the Global Trade Research Initiative (GTRI).
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"Poor, farmers, labourers, middle class to benefit": Union Minister Nityan
Updated : 5 months, 1 week ago IST
Union Minister Nityanand Rai hailed the reforms in the Goods and Services Tax (GST) and said that the poor people, farmers, labourers, and the middle class will benefit from the tax cuts.
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Industry welcomes GST rate cuts, says it will boost economy, exports and l
Updated : 5 months, 1 week ago IST
Industry associations and trade bodies across sectors have welcomed the Goods and Services Tax (GST) rate cuts announced by the government. Speaking to ANI, representatives from various sectors stated that the reforms would make the Indian industry more competitive and directly benefit consu
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