Search For "gst 2"
GST reforms to yield significant benefits to renewable energy sector: Mini
Updated : 5 months, 2 weeks ago IST
Goods and Services Tax (GST) reforms in the renewable energy sector is expected to yield significant benefits, particularly in cost savings, says Pralhad Joshi, Minister for New and Renewable Energy.
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"'GST Bachat Utsav' for every household": Andhra Pradesh Minister Nara Lok
Updated : 5 months, 2 weeks ago IST
Describing the reforms as a "GST Bachat Utsav" (festival of savings), the minister said, "What was once a web of taxes has transformed into a festival of savings. We now have a true 'GST Bachat Utsav' for every household. These reforms will accelerate investment, energize local manufacturing
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Lower GST rates will ease tax burdens and empower MSMEs: FICCI CASCADE
Updated : 5 months, 2 weeks ago IST
GST 2.0 is set to almost triple the share of items taxed at 5 per cent, rising from 54 consumption categories under GST 1.0 to 149 categories under GST 2.0, as per a recent study by FICCI CASCADE. For rural households, the share of exempt and merit goods in their consumption basket will rise
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Industry leaders hail GST 2.0 as catalyst for growth, affordability, and s
Updated : 5 months, 2 weeks ago IST
From real estate and electric mobility to corporate transportation and tax advisory services, the impact of these changes is expected to be wide-ranging.
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GST cut on cement will bring brighter prospects for industry: Nuvama
Updated : 5 months, 2 weeks ago IST
The reduction in GST on cement from 28 per cent to 18 per cent is expected to be a game-changer for the sector, according to a sector report by Nuvama Institutional Equities.
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Central govt's revenue loss due to GST rate reduction will be Rs 3700 cror
Updated : 5 months, 2 weeks ago IST
The revenue loss of the central government due to the recent GST rate reduction will be around Rs 3,700 crore in FY26, as higher growth and a boost in consumption have reduced the impact on revenues, according to a report by the State Bank of India (SBI).
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Entire GST rate reduction benefit will be passed on to common man: Union M
Updated : 5 months, 2 weeks ago IST
Union Minister of Commerce and Industry Piyush Goyal has assured that the benefits of the reduction in Goods and Services Tax (GST) rates will be fully passed on to the common man, with industries across all sectors committing to implement the reforms in letter and spirit.
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Auto sector welcomes GST rate cut, urges Centre to focus on electric vehic
Updated : 5 months, 2 weeks ago IST
The auto industry has welcomed the GST Council's decision to rationalise tax rates, calling it a landmark reform that will boost affordability, spur demand, and accelerate India's transition to sustainable mobility.
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GST rate cuts will improve affordability and give a fillip to consumption:
Updated : 5 months, 2 weeks ago IST
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.
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With GST 2.0, Govt's focus shift from capex oriented spending to consumpti
Updated : 5 months, 2 weeks ago IST
The government's announcement of GST rationalization under GST 2.0 has set the stage for a major shift in the country's economic strategy.
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"One Nation, One Tax turned into One Nation Nine Taxes": Mallikarjun Kharg
Updated : 5 months, 2 weeks ago IST
He mentioned that the Congress party had been advocating for reforms in GST for a decade. Kharge claimed that the GST introduced under the NDA government included Tax Slabs of 0%, 5%, 12%, 18%, 28% followed by special rates of 0.25%, 1.5%, 3%, and 6%.
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GST rejig to give consumption a big push; food and durable goods to turn c
Updated : 6 months, 2 weeks ago IST
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.
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