Search For "gst rate rationalisation"
GST reforms may reduce retail inflation by 35 basis points in 2025-26: SBI
Updated : 3 months ago IST
The decline in Consumer Price Index (CPI) or retail inflation due to massive GST rate rationalisation has been around 25 bps so far in the September-November 2025 period, according to estimates put forth by SBI Research.
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GST numbers post rate cut reflect sustained consumer demand in October: Go
Updated : 4 months, 1 week ago IST
Gross Goods and Services Tax (GST) collections for October 2025 stood at Rs 1,95,936 crore, marking a 4.6 per cent rise from Rs 1,87,346 crore collected in the same month last year, according to a government release. The increase reflects strong consumer spending and trade activity, parti
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GST reforms spark festive sales surge, say Union Ministers
Updated : 4 months, 3 weeks ago IST
Finance Minister Nirmala Sitharaman, Commerce Minister Piyush Goyal, and Electronics & IT Minister Ashwini Vaishnaw on Saturday hailed the recent GST rate rationalisation as a major driver of economic momentum during this year's festive season.
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GST rate cuts to boost Uttar Pradesh's craft and industrial clusters
Updated : 5 months, 1 week ago IST
The recent Goods and Services Tax (GST) rate rationalisation has extended relief across key sectors, including handicrafts, food products, footwear, toys, textiles and industrial goods. According to a government release on Thursday, the reforms are expected to lower costs for consumers, impr
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CM Revanth Reddy urges Centre to compensate revenue loss of 7000 cr to Tel
Updated : 5 months, 1 week ago IST
Declaring the profit share bonus to Singareni Employees today, the Chief Minister said that the GST rate rationalisation will have an adverse impact on the state revenues.
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Two-wheelers, cars, trucks, buses, tractors, GST reforms set to benefit al
Updated : 5 months, 1 week ago IST
The new GST rates and slabs will have a wide-scale positive impact on the many items related to heavy industries, be it auto, transport, or auto ancillaries.
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Food-processing sector a major beneficiary of GST cuts, solving classifica
Updated : 5 months, 1 week ago IST
The food-processing sector has been a major beneficiary of the recently announced rationalisation of GST rates, with most products witnessing a decline to a 5 per cent GST slab.
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Nirmala Sitharamam says she will personally monitor whether GST benefits b
Updated : 5 months, 1 week ago IST
Finance Minister Nirmala Sitharaman has promised that she will personally monitor the passing on of GST rate cuts by the businesses to the consumers.
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GST reductions to boost cooperatives, farmers, rural enterprises
Updated : 5 months, 1 week ago IST
The sweeping GST reforms unveiled this week will strengthen the cooperative sector, make their products competitive, increase demand for their products and increase the income of cooperatives, the Ministry of Cooperation has said.
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New GST rates, coming into effect this Navratri, to boost economy: Ashwini
Updated : 5 months, 1 week ago IST
The income tax relief provided for in the 2025-26 Budget, coupled with GST rate rationalisation, is set to further push India's economy to another level, Union minister and BJP leader Ashwini Vaishnaw told reporters Saturday, addressing a presser from the party headquarters.
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GST rate rationalisation to cause Rs 10,664-crore shortfall in IGST receip
Updated : 5 months, 1 week ago IST
The central government is expected to face a revenue shortfall of Rs 10,664 crore in Integrated Goods and Services Tax (IGST) receipts due to the recent GST rate rationalization, according to an analysis report by the Global Trade Research Initiative (GTRI).
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GST rate rationalisation to boost consumer electronics market: Dixon Techn
Updated : 5 months, 1 week ago IST
Sunil Vachani, Chairman of Dixon Technologies, has hailed the recent GST reforms as "path-breaking", predicting a major boost for the consumer electronics sector.
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