The recent changes in Goods and Services Tax (GST) rules for the food services sector are expected to have a mixed impact, with food delivery platforms facing higher costs while Quick Service Restaurants (QSRs) stand to benefit from tax reductions, according to a report by Bernstein.
Speaking to ANI on Sunday, Tharoor said the Congress party has been demanding changes in the Goods and Services Tax (GST) rate slabs for several years.
Communist Party of India (CPI) General Secretary D Raja alleged that Goods and Services Tax reforms were announced to hoodwink people ahead of the elections in Bihar this year and several other states going to polls next year.
Congress National President, Mallikarjun Kharge on Sunday alleged US President Donald Trump's "pressure is mounting" and the Union Government made the Goods and Service Tax reforms when the elections are close.
Samajwadi Party (SP) president Akhilesh Yadav on Sunday criticized the Centre's recent Goods and Services Tax (GST) reforms, terming them inadequate to address inflation and accusing the government of enabling select groups to profit under the guise of the tax regime.
Hyundai Motor India (HMIL) vowed on Sunday that it will pass on the complete benefit of the recent GST rate reduction on passenger vehicles to its customers right from Day 1, i.e. September 22, the date the revised GST rates come into effect.
The rating agency stated that the reductions in the Goods and Services (GST) will have a positive impact on consumption, which accounts for 15 per cent of the revenue of corporates.
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.
The Indian agriculture sector has hailed the restructuring of Goods and Services Tax (GST), as the Indian Rice Exporters Federation (IREF) on Saturday said that the reform will help the farmers due to the enhanced demand.
Union Agriculture Minister Shivraj Singh Chouhan on Saturday hailed the Goods and Services Tax (GST) reforms, emphasising that the Centre is aiming to reduce the cost of production in agriculture and increase overall output, which would benefit farmers directly.
Bengaluru (Karnataka) [India], September 6: GRB Dairy Foods, one of India's most trusted names in dairy and traditional food products, has welcomed the Government of India's announcement on the revised Goods and Services Tax (GST) structure. The company views this reform as a pivotal move to
The recent rationalisation of Goods and Services Tax (GST) is set to bring both relief and challenges across India's key sectors, according to the ICRA press release. However, in the oil and gas sector, the move could increase pressure.