He backed his argument by stating that the measures taken by the government, such as direct tax cuts, forthcoming GST tax structure reforms, and the employment-linked incentives, among others, are supportive of the overall economy.
Mumbai (Maharashtra) [India], August 29: The Indian Association of Amusement Parks and Industries (IAAPI), the apex body representing amusement parks, water parks, theme parks, snow parks, trampoline parks, and adventure parks, has made a strong plea to the Government of India to slash GST o
The Indian automobile industry is expected to receive a major demand push as optimism builds over a potential Goods and Services Tax (GST) rate reduction, according to a recent report by Jefferies. The proposed tax rationalization, likely to be announced early next month is likely to bene
A decline in the Goods and Services Tax (GST) rate has a higher multiplier effect of 1.08x compared with direct taxes, according to a report by Ambit Capital.
Indian consumers are set to receive a significant boost as the government moves towards simplifying the Goods and Services Tax (GST) structure by reducing the number of tax slabs and lowering rates on several key items.
The government's recent policy initiatives, including the setting up of a Task Force for Next-Generation Reforms and the forthcoming GST reforms, deregulation initiatives of the States, coupled with the sovereign rating upgrade, are set to reduce borrowing costs, attract foreign capital, and
The India Cellular & Electronics Association (ICEA) has urged the government to reduce the Goods and Services Tax (GST) on air conditioners and televisions from 28 per cent to 18 per cent. The appeal, made through a press release, argues that the move is essential to make these products more
Personal income tax collections have surpassed corporate taxes for the first time in India's history, signalling a structural shift in the country's direct tax architecture driven by formalisation, digitisation and stronger compliance, according to a report by JM Financial Institutional Secu
New Delhi [India], August 27: The All India Digital Cable Federation (AIDCF), the apex body representing India's Digital Multi-System Operators (MSOs), has appealed to the Government of India for a reduction in the Goods and Services Tax (GST) rate on Cable TV services from the existing 18%
New Delhi [India], August 27: South Korea's Global Startup Center (GSC) has launched its Startup Inbound Roadshow in India, highlighting major opportunities for international entrepreneurs and showcasing Korea's evolving, founder-friendly ecosystem aimed at attracting innovative startups to
The cabinet meeting, chaired by Chief Minister Mohan Yadav at Mantralaya, cleared the proposal to entrust the consultancy work to Delhi Metro Rail Corporation Limited at the rate of Rs 9 lakh per km (plus GST).
Raising questions at the government's economic policies, Khera stated that the demonetisation and Goods and Service Tax (GST) had destroyed the Micro, Small and Medium Enterprises (MSME) completely.