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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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GST rate cuts to lift India's GDP by 0.2-0.3% in FY26; stronger push forec
Updated : 5 months, 2 weeks 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, 2 weeks 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, 2 weeks 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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Dalal street on Fire: Nifty, Sensex surge over 1% as GST cuts spark pre-Di
Updated : 5 months, 2 weeks ago IST
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.
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"Big Diwali gift for every Indian": Industrialist Harsh Goenka on GST rate
Updated : 5 months, 2 weeks ago IST
Industrialist Harsh Goenka has called the recent Centre's decision to slash and rationalise Goods and Services Tax (GST) rates under the NextGen GST framework a "big Diwali gift" for every Indian. The government has slashed GST on daily essentials, healthcare, education, and farming input
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"Phenomenal milestone": Industry associations welcome Next-gen GST reforms
Updated : 5 months, 2 weeks ago IST
Several industry associations have welcomed the Centre's move to rationalise GST rates to two slabs of 5 per cent and 18 per cent.
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"WELCOME but TOO LATE": Chidambaram on GST reforms; questions Centre's mov
Updated : 5 months, 2 weeks 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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Anand Mahindra calls for 'more reforms to unleash consumption, investment'
Updated : 5 months, 2 weeks ago IST
His remark came following the government's announcement of sweeping reductions in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agricultural inputs, and electronic appliances.
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Diwali bonanza for consumers: Centre slashes GST rates across sectors, hun
Updated : 5 months, 2 weeks ago IST
Next-generation GST reforms, as announced by Prime Minister Narendra Modi from the ramparts of Red Fort on August 15, represent a strategic, principled, and citizen-centric evolution of a landmark tax framework, which will enhance the quality of life of every last citizen, the press release
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We said compensation cess should be increased, but Centre did not agree: P
Updated : 5 months, 2 weeks ago IST
In a major reform aimed at providing relief to households, farmers, businesses and the healthcare sector, Finance Minister Nirmala Sitharaman on Wednesday announced a sweeping reduction in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agriculture inputs,
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Next-gen GST reforms: Relief across sectors for Indians; check what all it
Updated : 5 months, 2 weeks ago IST
The GST Council, on Wednesday, after a threadbare discussion, approved significant rate cuts across multiple sectors, which the government has described as a Diwali gift for the nation.
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