Search For "gst rate cuts"
GST rate cuts could push India's FY26 fiscal deficit above target: JM Fina
Updated : 5 months, 1 week ago IST
The tax revenue foregone due to GST rate cuts will eventually push India's fiscal deficit above the government's target of 4.4 per cent of GDP in FY26, unless the gap is absorbed by slowing down capital expenditure intensity, according to a report by JM Financial.
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Industry welcomes GST rate cuts, says it will boost economy, exports and l
Updated : 5 months, 1 week ago IST
Industry associations and trade bodies across sectors have welcomed the Goods and Services Tax (GST) rate cuts announced by the government. Speaking to ANI, representatives from various sectors stated that the reforms would make the Indian industry more competitive and directly benefit consu
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GST rate cuts will improve affordability and give a fillip to consumption:
Updated : 5 months, 1 week 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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GST rate cuts to lift India's GDP by 0.2-0.3% in FY26; stronger push forec
Updated : 5 months, 1 week ago IST
The Centre's decision to rationalise GST rates to two slabs - 5% and 18%, applicable from September 22, 2025, is expected to boost the country's GDP by 0.2-0.3% in the financial year 2025-26, according to Bank of Baroda economist Sonal Badhan.
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Cement and steel GST rate cuts to boost real estate, as it accounts for ne
Updated : 5 months, 1 week ago IST
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.
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"Appreciate Centre for realising its mistake after eight years": P Chidamb
Updated : 5 months, 1 week ago IST
Former Union Finance Minister and senior Congress leader P Chidambaram has welcomed the Centre's decision to rationalise GST rates to two slabs, stating that he appreciates the government for "realising" its mistake after eight years of its introduction on July 1, 2017.
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"WELCOME but TOO LATE": Chidambaram on GST reforms; questions Centre's mov
Updated : 5 months, 1 week ago IST
In a post on X, Chidambaram said the current GST design and rates should not have been introduced in the first place, adding that the opposition had repeatedly warned against these issues for years, but their pleas were ignored.
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BJP slams Cong for claiming credit over GST rate cuts
Updated : 8 years, 4 months ago IST
New Delhi [India], November 12 (ANI): The Bharatiya Janata Party slammed the Congress Party leaders for claiming credit for the Goods and Services Tax (GST) Council's decision to cut tax rates on 178 items of daily use.
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