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.
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.
Shrivastava said, "Under GST, the problem of inverted duty is being solved in the fertiliser sector, which will enable and encourage the domestic use of fertiliser."
Health and term insurance premiums may become cheaper if the Goods and Services Tax (GST) Council approves rate cuts at its meeting, which began here on Wednesday.
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
Indian stock markets opened with a strong rally on Monday as investor sentiment improved following the government's announcement of GST cuts and the sovereign rating upgrade for India by S&P Global.
In response to CM Naidu's requests, Union Minister Piyush Goyal assured that the Centre would take positive steps to support farmers engaged in tobacco, palm oil, and mango cultivation.
"We have told them that they will look into this matter and come up with a report by the end of October 2024. The #GST Council which will meet in November, will finalise based on this report which will come from the GoM," she added.
This timely and decisive intervention is aimed at making two-wheelers more affordable, reviving demand, and reinvigorating an industry that has seen a significant slump in sales over the past few years, according to a statement from FADA.
New Delhi [India], March 14 (ANI): The government has reduced the Goods and Services Tax (GST) rate on domestic maintenance, repair, and overhaul (MRO) services to 5 per cent from 18 per cent in order to support the aviation sector, Minister of State for Civil Aviation General (Retd) V K Sin
Mumbai (Maharashtra) [India], Sep 19 (ANI): The festive season demand for automobiles is expected to provide some relief to the industry over the next two-to-three months, India Ratings and Research (Ind-Ra) has said.