India's automobile industry recorded a strong rebound in September 2025, with wholesale volumes across all major vehicle segments surpassing expectations, according to a report by ICICI Securities. The demand revival came after the Goods and Services Tax (GST) reduction on September 22, whic
The recent Goods and Services Tax (GST) rate rationalisation has extended relief across key sectors, including handicrafts, food products, footwear, toys, textiles and industrial goods. According to a government release on Thursday, the reforms are expected to lower costs for consumers, impr
India's Goods and Services Tax (GST) collections continued their upward trajectory in September 2025, rising by 9.1 per cent to Rs 1,89,017 crore compared to Rs 1,73,240 crore in the same month last year.
Finance Minister Harpal Singh Cheema highlighted the immense strain placed on Punjab's finances due to its unique status as a frontline border state, recent natural calamities, and the structural disadvantages arising from the shift to the Goods and Services Tax (GST) regime.
The Goods and Services Tax (GST) reforms, approved by the Union Government on September 4, came into effect on September 22. GST 2.0 features two main tax slabs, 5% and 18%, with a 40% compensation cess for luxury and sin goods.
New Delhi [India], September 26: In a significant move aimed at boosting the automobile sector, the Government of India has recently announced a reduction in Goods and Services Tax (GST) rates across various vehicle categories. This change is expected to make vehicles more affordable, especi
India's Goods and Services Tax (GST) 2.0, has been hailed as a "GST booster shot" for consumption-led growth, with major reliefs announced for sectors including FMCG, MSME, textiles, automobiles, healthcare, insurance, electronics and construction, noted a report by the Union Bank of India.
"On registration, we have gone to and fro. Earlier, we had a very simplified system, and because of its misuse, we made it tighter again. However, there have now been complaints from small traders, particularly small operators. We are rolling out a new scheme from November 1, 2025," the Spec
Chhattisgarh Chief Minister Vishnu Deo Sai on Monday welcomed the newly implemented Goods and Services Tax (GST) reforms, stating that the changes will benefit all sections of society by reducing prices on essential items and improving economic accessibility.
The Government has announced major changes in Goods and Services Tax (GST) rates to make tourism more affordable, strengthen public transport, and provide relief to artisans.
Following the implementation of the revised Goods and Services Tax (GST) rates from today, West Bengal Chief Minister Mamata Banerjee criticised the NDA government and said that all the relief will come from the coffers of state governments, and the central government did not spend a single
Prime Minister Narendra Modi on Sunday urged citizens to adopt Swadeshi and prioritise Made in India products, as the newly approved Goods and Services Tax (GST) reforms come into effect from September 22, the first day of 'Shardiya Navaratri'.