The government's recent move to reduce Goods and Services Tax (GST) rates on dairy products has been welcomed by the country's leading dairy cooperatives, which said the step would encourage wider adoption of milk products and support millions of farmers.
Global investment bank Morgan Stanley notes that the rationalisation of the Goods and Services Tax (GST) structure, approved by the GST Council, is expected to significantly boost consumption in the coming months, coinciding with the onset of the festive season.
Minister of State for Finance Pankaj Chaudhary on Thursday said that Prime Minister Narendra Modi won the trust of states, which made the rollout of the Goods and Services Tax (GST) possible.
Union Minister of State for Finance Pankaj Chaudhary stated that the new Goods and Services Tax (GST) slabs will provide relief to the common man, small traders and micro, small and medium enterprises (MSMEs).
Parameshwara said the central government has finally understood the concerns raised by his party, which had long been demanding a cut in Goods and Services Tax (GST), introduced on July 1, 2017.
The central government's decision to reduce the Goods and Services Tax (GST) on cement and steel has been hailed as a game-changing move by leaders from the real estate industry.
The rally returned to Indian equity markets on Thursday as the government's move to rationalize Goods and Services Tax (GST) rates boosted investor sentiment.
Industrialist Harsh Goenka has called the recent Centre's decision to slash and rationalise Goods and Services Tax (GST) rates under the NextGen GST framework a "big Diwali gift" for every Indian. The government has slashed GST on daily essentials, healthcare, education, and farming input
His remark came following the government's announcement of sweeping reductions in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agricultural inputs, and electronic appliances.
In a major reform aimed at providing relief to households, farmers, businesses and the healthcare sector, Finance Minister Nirmala Sitharaman on Wednesday announced a sweeping reduction in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agriculture inputs,