Search For "gst rate"
India's third-quarter GDP for FY26 likely at 8.3% despite adverse base eff
Updated : 2 weeks, 1 day ago IST
The country's Gross Domestic Product (GDP) growth for the third quarter of the current financial year (Q3 FY26) is likely to remain elevated at 8.3 per cent despite an adverse base effect, according to a report by Union Bank of India.
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Economic momentum picks up in December quarter on strong domestic demand:
Updated : 2 weeks, 3 days ago IST
Economic momentum in India picked up sequentially during the December quarter, supported by festive season demand and the impact of GST rate cuts. According to the UBS India Composite Economic Indicator report, early data for January 2026 suggests that this robust momentum has continued into
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Cigarette volumes expected to fall as new duty takes effect: Crisil Rating
Updated : 1 month, 2 weeks ago IST
Crisil Ratings reports that the domestic cigarette industry is preparing for a 6-8 per cent volume reduction in the next fiscal year. This follows the imposition of additional excise duties and an increase in GST rates effective February 1. Under the new tax structure, the compensation ce
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"High GST rates have reduced consumers' ability to spend": Retailer
Updated : 1 month, 2 weeks ago IST
Chaitanya explained, "High GST rates have reduced consumers' ability to spend, leading to a noticeable decline in demand. This fall in consumption has directly impacted retail businesses, particularly small traders who depend on steady daily sales." He noted that while the Central Governm
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Indian manufacturing hits record high in Q3, production cost also rise: FI
Updated : 1 month, 3 weeks ago IST
The Indian manufacturing sector has reached a historic milestone, with the industry's performance index hitting an all-time high in the third quarter of the 2025-26 fiscal year. According to the 68th edition of the FICCI Quarterly Survey on Manufacturing (QSM) released in New Delhi today, th
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GST cut on air purifiers lies solely within GST Council's domain: Centre t
Updated : 2 months ago IST
Placing its stand on record, the Centre contended that the GST Council, constituted under Article 279A of the Constitution, is an instrument of cooperative federalism comprising the Union and all States, and is the sole body empowered to recommend GST rates, exemptions and classifications
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Indian auto sector ends 2025 on strong note with decisive YoY growth: Repo
Updated : 2 months, 1 week ago IST
The Indian automotive sector concluded the final month of 2025 with robust performance across major segments, driven by improved macroeconomic conditions and positive rural sentiment. According to a report by Asit C. Mehta Investment Interrmediates Limited (ACMIIL), the industry benefited fr
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Indian auto industry closes 2025 on firm footing, broad-based sales growth
Updated : 2 months, 1 week ago IST
India's automobile industry wrapped up calendar year 2025 on a strong footing, with most major manufacturers reporting robust year-on-year growth in December, driven by healthy consumer demand, improved rural sentiment, infrastructure spending, and on the back of a favourable macroeconomi
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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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Rajasthan CM orders target-based plan to boost revenue, steps up action ag
Updated : 3 months ago IST
Chairing a review meeting with officials from the Excise, Transport, Commercial Taxes, and Registration & Stamps departments, the Chief Minister said the government is committed to inclusive growth and the welfare of all sections of society. He stressed that improved revenue performan
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GST cuts and continued offers defy November trends, Auto retail sales up 2
Updated : 3 months ago IST
Retail vehicle sales in India defied previous years' trends in November, registering a marginal but modest growth of 2.14 per cent, thanks to GST rate cuts and offers from dealers and automakers.
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ICRA expects extended policy rate pause, unless economic growth moderates
Updated : 3 months, 1 week ago IST
An extended pause on policy rates is expected going ahead unless India's economic growth materially undershoots the projections, rating agency ICRA has asserted in a report, as the Reserve Bank of India (RBI) in an unprecedented move reduced repo rate when both GDP and inflation are congenia
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